Waaree Renewable Shares in Focus; Dividend Record Date Tomorrow, January 24, 2025

Waaree Renewable Energy declared an interim dividend of ₹1, announced on January 16, 2025. The ex-dividend date for eligibility is tomorrow January 24, 2025, giving investors time to qualify for the payout.

Corporate Action History

Q3 FY25 Result Details

Waaree Renewable Technologies reported a 16.7% year-on-year (YoY) decline in its net profit, which fell to ₹53.50 crore for Q3 FY24. Despite this, the company saw a 12.4% rise in income, reaching ₹364.12 crore compared to ₹324.67 crore in the same quarter last year.

Following the results announcement on January 16, Waaree Renewable’s stock dropped 7.2% to ₹1,063.90, amid the resignation of the company’s Chief Financial Officer (CFO) Dilip Panjwani.

However, in recent months, the stock has experienced pressure, falling by 45.75% in the last six months and 17.71% in the past week alone.

Share Price Performance

Waaree Renewable Technologies share price traded 0.35% lower at ₹987 at 1:50 PM on the BSE. The stock opened at ₹990.45, unchanged from its previous close. This marks the second consecutive session of decline, extending the losses from the last two days to around 7%.

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