Waaree Renewable Tech May-24

Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, requires companies to disclose information to investors. This includes earnings presentations and other relevant updates.

A company's presentation of its financial performance for a specific period, often a quarter or a fiscal year. It typically includes key performance indicators (KPIs), highlights, and explanations of results.

WAAREE RENEWABLE TECHNOLOGIES LIMITED publishes this presentation to inform stakeholders about its financial performance for Quarter 4 and the entire Fiscal year 2024.

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This is a statement from the company's Company Secretary, Heema Shah, acknowledging receipt of the investors' presentation.

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Waaree Renewable Technologies Limited is a subsidiary of Waaree Energies Limited focused on renewable energy solutions.

The strategy Waaree Energies is using to grow its EPC segment, which involves seeking opportunities in both international and domestic markets, actively participating in tenders, and leveraging its ecosystem of renewable energy solutions to win clients.

A key aspect of Waaree Energies' growth strategy that focuses on capitalizing on the increasing demand for O&M services in the solar industry, exploring opportunities both organically and through acquisitions, and offering value-added services like drone thermography and advanced analytics.

Waaree Energies' foray into green hydrogen, involving setting up a 1 MW plant, aligning with the National Green Hydrogen Mission, and exploring collaborations for a large-scale Electrolyser facility and potentially a hydrogen valley in India.

Waaree Energies' approach to achieving higher growth in the Engineering, Procurement, and Construction (EPC) segment of the renewable energy sector.

Waaree Energies' strategy to expand its operations & maintenance (O&M) business, aiming to capitalize on the expected growth of the O&M market in the renewable energy sector.

Waaree Energies' ambition in the green hydrogen sector, encompassing setting up a 1 MW plant, aligning with the National Green Hydrogen Mission, and exploring partnerships for establishing a large-scale Electrolyser facility.

Waaree Energies' Chairman and Non-Executive Independent Director, who holds a Bachelor's degree in Commerce, an LLB, and an MBA.

Waaree Energies' Managing Director, who holds a BE in Instrumentation from Mumbai University.

Solar power company with a global reach, offering solar solutions from modules to energy storage.

This company provides a wide array of solar solutions including solar modules, rooftop solutions, floating solar, off-grid inverters, solar thermal, and energy storage.

The company has a strong track record of delivering large installations, and it has proven its performance in both domestic and international projects.

This company emphasizes innovation by continuously introducing new technologies and products in the market.

A quality certification that signifies the company's commitment to maintaining a robust quality management system.

The company's EPC services encompass everything from module mounting and structures to EPC services, energy storage solutions, and solar thermal.

The company has a strong customer base, including respected industrial houses and companies.

The company claims to be India's #1 solar module manufacturer and boasts a significant module supply capacity globally.

This company has a network of authorized sales points and franchises, which helps distribute its products and services effectively.

The company leverages its internal team of experts, comprising over 300 employees, to ensure project success.

The company's portfolio includes a wide range of projects, from rooftop installations to large-scale ground-mounted solar plants.

The company's consistent and impressive growth rate, evidenced by a 22% CAGR, demonstrates its success in the solar industry.

The company boasts a large number of projects in various sectors, including telecom, pumps, energy storage, and rooftop installations.

The company demonstrates its dedication to innovation by establishing an in-house R&D team dedicated to developing new solar technologies.

A professional designation awarded to individuals who have met specific requirements for accounting, finance, and auditing. It signifies a high level of expertise in these fields.

A company that specializes in providing financial services, such as loans, investments, and wealth management.

The process of designing and implementing strategies to achieve long-term growth and success for a company.

The process of establishing partnerships with companies or individuals in other countries to achieve mutual benefits.

The process of developing, constructing, and commissioning a new project, often in the areas of infrastructure or energy.

A company that operates in the renewable energy sector, focusing on solar, wind, and other sustainable energy sources.

A company's short-term and long-term goals and objectives, typically outlined in a formal document outlining its strategic direction.

The overall management and control of an organization's operations, including all its departments and activities.

A person's history of achievement in a particular area, especially in their professional life.

The process of increasing the size, scope, or profitability of a business or a specific part of a business.

The process of transforming a company's financial operations to achieve a specific goal, often to improve efficiency, reduce costs, or enhance performance.

A set of policies and procedures designed to ensure that a company's financial activities are conducted in a responsible and ethical manner.

A financial statement that summarizes a company's revenues and expenses over a specific period, typically a quarter or a fiscal year.

Waaree Renewable Technologies offers comprehensive solutions to minimize downtime and optimize energy production for all types of solar plants.

Waaree employs advanced technologies to enhance the reliability of solar plants, ensuring consistent and efficient energy output.

Waaree's remote monitoring system allows real-time observation of plant data, enabling rapid responses to any breakdowns, maximizing uptime and energy generation.

Waaree is capable of managing and maintaining over 500 MWp of solar plants, demonstrating its expertise and scale in the solar O&M sector.

Waaree holds a significant unexecuted order book of 2,365 MWp, indicating a strong pipeline of future solar projects.

In FY24, Waaree successfully executed orders for 704 MWp of solar projects, showcasing its execution capabilities and project delivery expertise.

Waaree's revenue from O&M services reached Rs. 10.42 Crs in FY24, demonstrating the growing significance of this segment in their business.

Waaree achieved a significant revenue increase of +149.73% YoY in FY24, indicating strong growth and market performance.

Waaree's EBITDA surged +147.40% YoY in FY24, signifying strong profitability and operational efficiency.

Waaree's PAT soared +167.55% YoY in FY24, indicating strong profitability and shareholder value creation.

Waaree's EBITDA margin reached 23.64% in FY24, indicating robust profitability and operational efficiency.

Waaree's PAT margin reached 16.89% in FY24, signifying strong profitability and shareholder value creation.

Waaree's FY24 performance highlights strong growth across revenue, EBITDA, and PAT, signifying a successful financial year.

Waaree's key financial highlights include a robust EBITDA margin of 36.25% and a PAT margin of 19.96% in Q4FY24.

Waaree's impressive financial performance in FY24 demonstrates its commitment to sustainable growth and profitability in the renewable energy sector.