WAAREEENER Q2 : CONS NET PROFIT DOWN 14.2% AT 754 CR (YOY), DOWN 15.5% (QOQ). MIX (ON 1ST LOOK)

• Revenue up 23.9% at ₹7,517.74 Cr (YOY), down 5.2% (QOQ). • Profit before exceptional items and tax at ₹1,029.75 Cr v ₹1,231.46 Cr (YOY). • Basic EPS ₹24.98 v ₹29.33 (YOY). • Caution: Q2 includes ₹360.40 Cr IEEPA duty refund income booked as other operating revenue; ₹294.78 Cr provision for US CBP investigation stands. • Board approved 100% acquisition of Waaree Green Data Centers (with two wholly-owned units) from subsidiary Waaree Renewable Technologies for ₹1 lakh cash.

Waaree Energies Ltd

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