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HY2 net loss of Rs. 7.52 lacs in FY19-20 at Waaree Technologies

Waaree Technologies announced its overall performance for the annual and HY ended on 31st March, 2020 marking a decline in financials despite rise in revenue.

Company : Waaree Technologies

Waaree Technologies earned standalone revenue of Rs.3.00 lacs in HY2 of FY2019-20

Waaree Technologies suffered loss after tax of Rs.7.52 lacs in HY2 for FY2019-20 which is less as compared to net loss of Rs.12.62 lacs in a year ago period.

Reportedly the company"s current half year loss per share is Rs.0.29 as against Rs.0.48 in the previous year same period.

By the end of financial year 2019-20, total income (loss) at Waaree Technologies reached Rs.66.20 lacs whereas previous year it was total revenue of Rs.1.53 crore. Net loss stood in FY19-20reached Rs.13.72 lacs while preceding year it was post tax loss of Rs.7.95 lacs.

Waaree Technologies Limited manufactures renewable energy equipment. The Company offers solar energy products such as pumps, inverters, batteries, calculator, and panels. Waaree Technologies serves customers in India.

Rs. in Lacs
Current Year Upto Previous Year Upto Previous Year
31/3/2020 31/3/2019 2019-2020
Income Statement
Revenue 0.00 -8.05 -76.21
Other Income 3.00 5.00 10.01
Total Income 3.00 -3.05 -66.2
Expenditure 10.29 7.85 -54.09
Finance Cost -0.12 5.28 0.90
PBDT -7.17 -16.18 -13.01
Depreciation 0.47 0.01 0.76
PBT -7.64 -16.19 -13.77
Tax -0.12 -3.57 -0.06
Net Profit -7.52 -12.62 -13.71
Equity 263.20 263.20 263.20
EPS -0.29 -0.48 -0.52

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