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	Jun 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Operating Revenue	9,839	8,764	3,510	1,615	129.78	56.82
Revenue	9,839	8,764	3,510	1,615	129.78	56.82
Revenue Growth (YoY)	155.63%	149.73%	117.32%	1144.35%	128.41%	-19.27%
Selling, General & Admin	10.98	18.78	15.5	0.81	0.71	3.96
Depreciation & Amortization	60.06	54.57	29.54	36.75	16.9	11.09
Other Operating Expenses	7,479	6,672	2,657	1,379	58.67	22.22
Total Operating Expenses	7,550	6,745	2,702	1,417	76.28	37.27
Operating Income	2,289	2,019	807.91	198.32	53.5	19.55
Interest Expense	-90.74	-56.46	-51.82	-68.87	-42.98	-34.27
Interest Income	-	31.94	10.98	5.85	22.71	15.51
Net Interest Expense	-90.74	-24.52	-40.84	-63.02	-20.27	-18.76
Currency Exchange Gain (Loss)	-	-	-	0	-	-
Other Non-Operating Income (Expenses)	54.63	-11.04	-0.52	0.95	-0.34	-0.47
EBT Excluding Unusual Items	2,252	1,984	766.55	136.25	32.89	0.32
Gain (Loss) on Sale of Investments	-	2.37	1.5	2.83	1.64	1.33
Gain (Loss) on Sale of Assets	-	-1.8	1.81	73.08	-	-5.04
Asset Writedown	-	-	-	-	-0.53	-21.81
Insurance Settlements	-	-	0.29	-	-	-
Pretax Income	2,252	1,984	770.14	212.16	34.01	-25.2
Income Tax Expense	581.75	503.68	216.82	123.24	57.67	6.56
Earnings From Continuing Ops.	1,671	1,480	553.33	88.91	-23.67	-31.76
Minority Interest in Earnings	2.13	0.89	0.9	-2.87	-13.83	-
Net Income	1,673	1,481	554.23	86.04	-37.5	-31.76
Net Income to Common	1,673	1,481	554.23	86.04	-37.5	-31.76
Net Income Growth	195.77%	167.27%	544.15%	-	-	-
Shares Outstanding (Basic)	104	104	104	104	104	103
Shares Outstanding (Diluted)	104	104	104	104	104	103
Shares Change (YoY)	-0.36%	-0.19%	0.35%	0.00%	1.15%	105.48%
EPS (Basic)	16.05	14.22	5.33	0.83	-0.36	-0.31
EPS (Diluted)	16.05	14.21	5.31	0.83	-0.36	-0.31
EPS Growth	196.85%	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	17.00%	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	2,349	2,073	836.19	235.04	70.38	30.62
EBITDA Margin	23.88%	23.65%	23.83%	14.55%	54.23%	53.89%
D&A For EBITDA	60.83	53.97	28.28	36.72	16.87	11.07
EBIT	2,289	2,019	807.91	198.32	53.5	19.55
EBIT Margin	23.26%	23.04%	23.02%	12.28%	41.22%	34.40%
Effective Tax Rate	25.83%	25.39%	28.15%	58.09%	169.59%	-
Revenue as Reported	9,894	8,799	3,525	1,698	154.19	73.7

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