net-profit

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REC Limited Records Highest-Ever 9M Profit of ₹100 Billion in FY24

Public infrastructure finance company REC Limited recorded a revenue of ₹120 billion (~$1.44 billion) for the third quarter (Q3) of the financial year (FY) 2023-24, a 23....

January 23, 2024

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Satish Shetty

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Finance and M&A

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Renewable Energy
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Waaree Renewable Tech’s Profit Surges by 158% to ₹645 Million YoY in Q3 FY24

Waaree Renewable Technologies, the solar engineering, procurement, and construction (EPC) arm of the Waaree Group, posted a net profit of ₹644.6 million (~$7.7 million)...

January 23, 2024

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Arjun Joshi

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Other

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Renewable Energy
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REC’s Net Profit Up 38% YoY to ₹38 Billion in Q2 FY 2024

REC Limited, a government-owned infrastructure finance company, posted a net profit of ₹37.73 billion (~$453.2 million) in the second quarter (Q2) of the financial year...

November 2, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Waaree Renewable Tech’s Profit Surges by 124% YoY in Q2 FY24

Waaree Renewable Technologies, the solar engineering, procurement, and construction (EPC) arm of the Waaree Group, posted a net profit of ₹182.9 million (~$2.2 million)...

October 27, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Iberdrola Records Marginal Increase in Q2 Profit, Solar Capacity Reaches 5 GW

Spain-based independent power producer Iberdrola recorded a net profit of €1.04 billion (~$ 1.14 billion) during the second quarter (Q2) of the financial year (FY) 2023,...

August 2, 2023

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Gautamee Hazarika

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Markets & Policy

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Solar
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REC’s Net Profit Up 21% YoY to ₹29 Billion in Q1 FY 2024

REC Limited, a government-owned infrastructure finance company, posted a net profit of ₹29.61 billion (~$361.12 million) in the first quarter (Q1) of the financial year...

July 27, 2023

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Rakesh Ranjan

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Finance and M&A

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Other
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EPC Projects Drive Waaree’s Profit Up 12% YoY in Q1 FY 2024

Waaree Renewable Technologies, the solar engineering, procurement, and construction (EPC) arm of the Waaree Group, posted a net profit of ₹111 million (~$1.36 million)...

July 25, 2023

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Rakesh Ranjan

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Finance and M&A

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Solar
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REC Limited’s Loan Disbursements to Renewable Energy Companies Rises by 426% in 1H FY 2023

REC Limited‘s consolidated net profit saw a marginal increase of 4% to ₹51.76 billion (~$628.57 million) in the first half (1H) of FY 2023, compared to ₹49.6...

October 28, 2022

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Rakesh Ranjan

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Markets & Policy

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Solar
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REC Limited’s Net Profit Hits All-Time High in Q3 FY 2021

REC Limited has announced that it has registered a net profit of ₹22.6 billion (~$310.9 million) in the third quarter (Q3) of the financial year (FY) 2021, an increase...

February 9, 2021

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Nithin Thomas

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Finance and M&A

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Other
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Azure Power Posts 16% Revenue Increase in FY Q1 2021

Azure Power has announced the consolidated results for the first quarter (Q1) of the financial year (FY) 2021. According to the financial statement released by the...

August 17, 2020

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Rakesh Ranjan

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Markets & Policy

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Solar

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