Waaree Renewable Technologies Limited has informed the Exchange about General Updates-Appointment of Internal Auditor for FY 2025-26
WAAREERTL · price
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Waaree Renewable Technologies reported strong audited results for FY25, with consolidated revenue from operations rising about 82% year-on-year to Rs. 1,59,774.79 lakhs and net profit up roughly 58% to Rs. 22,892.47 lakhs (basic EPS Rs. 22 vs Rs. 13.95). Q4 FY25 revenue stood at Rs. 47,657.99 lakhs with net profit of Rs. 9,371.51 lakhs. The board appointed Mr. Manmohan Sharma as the new CFO and Mr. Sudhir Arya as an Independent Director, while changing Mr. Sunil Rathi's designation from Non-Executive to Executive Director. Independent Director Mr. Mitul Mehta resigned effective April 16, 2025. M/s KC Mehta & Co. LLP was appointed as Internal Auditor for FY 2025-26.
Shareholders get clarity on robust FY25 earnings with doubled revenue and strong profit growth, reinforcing the company's expansion trajectory. Board-level changes including a new CFO, an executive director upgrade, and an experienced independent director add governance depth, though one independent director exit is noted.