The company's net profit increased 34.1% year-over-year to ₹618.9 crore from ₹461.5 crore in the corresponding quarter last year.
EBITDA for the quarter was ₹122.4 crore, up 62.8% year-on-year, even as EBITDA margins fell marginally to 25.7%, from 27.5% in Q4 FY24
The gigafactory is expected to add 9,500 direct jobs and about 30,000 related jobs.
It is classified as a one-off order for renewable energy projects in India. The solar modules will be delivered between FY 2025-26.
Here are some of the stocks that may see significant price movement today: Bharat Forge, Sundaram Clayton, Waaree Energies, etc.
Solar modules will be supplied in this financial year (2025-26) and will be used for large-scale renewable power projects throughout the country.
The company’s revenue for the quarter registered an increase of 116% y-o-y to ₹3,457 Crore as compared to ₹1,596 Crore.
Here are some of the stocks that may see significant price movement today: Waaree Energies, Bank of Baroda, Bajaj Finserv, etc.
The first phase consisted of 1.6 GW of solar module production capacity, which the business plans to expand to 3 GW.
As part of this, Waaree will supply EPC for a 2GW solar project at Rajasthan.
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