Waaree Renewable Technologies Limited (BOM: 534618)

Waaree Renewable Technologies Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Operating Revenue	13,944	8,764	3,510	1,615	129.78	56.82
Revenue	13,944	8,764	3,510	1,615	129.78	56.82
Revenue Growth (YoY)	109.79%	149.73%	117.32%	1144.35%	128.41%	-19.27%
Selling, General & Admin	18.69	18.78	15.5	0.81	0.71	3.96
Depreciation & Amortization	58.07	54.57	29.54	36.75	16.9	11.09
Other Operating Expenses	11,322	6,672	2,657	1,379	58.67	22.22
Total Operating Expenses	11,399	6,745	2,702	1,417	76.28	37.27
Operating Income	2,545	2,019	807.91	198.32	53.5	19.55
Interest Expense	-128.8	-56.46	-51.82	-68.87	-42.98	-34.27
Interest Income	31.94	31.94	10.98	5.85	22.71	15.51
Net Interest Expense	-96.86	-24.52	-40.84	-63.02	-20.27	-18.76
Currency Exchange Gain (Loss)	-	-	-	0	-	-
Other Non-Operating Income (Expenses)	67.48	-11.04	-0.52	0.95	-0.34	-0.47
EBT Excluding Unusual Items	2,516	1,984	766.55	136.25	32.89	0.32
Gain (Loss) on Sale of Investments	2.37	2.37	1.5	2.83	1.64	1.33
Gain (Loss) on Sale of Assets	-1.8	-1.8	1.81	73.08	-	-5.04
Asset Writedown	-	-	-	-	-0.53	-21.81
Insurance Settlements	-	-	0.29	-	-	-
Pretax Income	2,517	1,984	770.14	212.16	34.01	-25.2
Income Tax Expense	621.28	503.68	216.82	123.24	57.67	6.56
Earnings From Continuing Ops.	1,895	1,480	553.33	88.91	-23.67	-31.76
Minority Interest in Earnings	0.89	0.89	0.9	-2.87	-13.83	-
Net Income	1,896	1,481	554.23	86.04	-37.5	-31.76
Net Income to Common	1,896	1,481	554.23	86.04	-37.5	-31.76
Net Income Growth	78.52%	167.27%	544.15%	-	-	-
Shares Outstanding (Basic)	106	104	104	104	104	103
Shares Outstanding (Diluted)	106	104	104	104	104	103
Shares Change (YoY)	1.31%	-0.19%	0.35%	0.00%	1.15%	105.48%
EPS (Basic)	17.90	14.22	5.33	0.83	-0.36	-0.31
EPS (Diluted)	17.90	14.21	5.31	0.83	-0.36	-0.31
EPS Growth	76.22%	167.61%	542.86%	-	-	-
Free Cash Flow	-	1,160	-181.43	360.5	-1,282	110.56
Free Cash Flow Per Share	-	11.13	-1.74	3.46	-12.32	1.07
Dividend Per Share	-	1.000	0.200	0.200	-	-
Dividend Growth	-	400.00%	0%	-	-	-
Profit Margin	13.60%	16.90%	15.79%	5.33%	-28.89%	-55.90%
Free Cash Flow Margin	-	13.23%	-5.17%	22.32%	-987.79%	194.59%
EBITDA	2,619	2,073	836.19	235.04	70.38	30.62
EBITDA Margin	18.78%	23.65%	23.83%	14.55%	54.23%	53.89%
D&A For EBITDA	73.24	53.97	28.28	36.72	16.87	11.07
EBIT	2,545	2,019	807.91	198.32	53.5	19.55
EBIT Margin	18.25%	23.04%	23.02%	12.28%	41.22%	34.40%
Effective Tax Rate	24.69%	25.39%	28.15%	58.09%	169.59%	-
Revenue as Reported	14,057	8,799	3,525	1,698	154.19	73.7

Source: S&P Capital IQ. Utility template. Financial Sources.