EBITDA margin for the quarter expanded by nearly 200 basis points to 19.54% from 17.6% during the same quarter last year. The company’s net profit more than tripled from last year to ₹86 crore from ₹28 crore during the year-ago period.
The stock had gained 4.9% on Wednesday, following a 17.5% gain on Tuesday.Waaree Renewable’s shares have surged over the last two days on volumes that have never been seen before on the stock in its trading history.
As per data available, the stock had 1.53 crore shares change hands on Wednesday, and another 1.1 crore shares being traded on Tuesday. The average 20-day volume for the stock has been 3.1 lakh shares.On Thursday’s session, as many as 60 lakh shares have already changed hands until the last hour of the trading session commenced.
The exchanges had sought clarification from the company with regards to the significant volume action seen during the last two trading sessions.
In response, the management said that there is no undisclosed price sensitive information or any impending announcement to the exchanges, that could have an impact on volumes.
“We hereby further submit that we are not aware of the reason of significant increase in volume of the shares. The movement in the volumes of the shares are purely market driven and may be a combination of various factors including market conditions,” the clarification further stated.
Mutual Funds do not have any stake in Waaree Renewables, while foreign portfolio investors have a 1.13% stake in the company. As many as 3.2 lakh retail shareholders, or those with authorised share capital of up to ₹2 lakh, have a 19.21% stake in the company.
Shares of Waaree Renewables are recovering from the lows of the day post the results announcement, currently trading 0.3% higher at ₹1,206. The stock made a 52-week high of ₹1,272 earlier in the day.
First Published: Jul 17, 2025 10:16 AM IS
