Waa Solar Limited (BOM:541445)

Waa Solar Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Operating Revenue	226.75	282.46	266.9	490.43	460.02	441.57
Other Revenue	6.1	6.1	0.22	-	-	-
Revenue	232.84	288.56	267.12	490.43	460.02	441.57
Revenue Growth (YoY)	33.60%	8.03%	-45.53%	6.61%	4.18%	-8.46%
Selling, General & Admin	1.74	1.74	0.57	0.87	0.8	0.34
Depreciation & Amortization	24.29	39.23	89.8	159.58	161.29	163.89
Other Operating Expenses	78.29	150.67	83.38	135.23	106.78	73.46
Total Operating Expenses	104.32	191.64	173.75	295.67	268.88	237.69
Operating Income	128.53	96.92	93.37	194.76	191.14	203.88
Interest Expense	-76.23	-50.47	-39.42	-99.96	-117.35	-142.65
Interest Income	10.59	10.59	5.26	6.28	5.76	12.16
Net Interest Expense	-65.64	-39.89	-34.16	-93.68	-111.59	-130.49
Income (Loss) on Equity Investments	45.9	39.92	20.9	20.97	14	1.63
Other Non-Operating Income (Expenses)	9.24	-0.45	-0.67	-0.53	-0.81	-6.81
EBT Excluding Unusual Items	118.02	96.5	79.44	121.51	92.75	68.21
Gain (Loss) on Sale of Investments	-26.53	-26.53	-1.15	-	0.04	-
Gain (Loss) on Sale of Assets	-	-	1.15	-	-	-
Insurance Settlements	0.12	0.12	-	0.03	4.72	-
Other Unusual Items	-0.32	-	-	-	-	-
Pretax Income	91.29	70.09	79.44	121.54	97.5	68.21
Income Tax Expense	0.52	0.36	13.13	17.66	20.17	25.22
Earnings From Continuing Ops.	90.77	69.73	66.31	103.88	77.33	42.99
Minority Interest in Earnings	0.01	0.01	0.01	-5.45	-4.74	-2.47
Net Income	90.78	69.74	66.32	98.43	72.59	40.52
Net Income to Common	90.78	69.74	66.32	98.43	72.59	40.52
Net Income Growth	450.18%	5.17%	-32.63%	35.59%	79.16%	-63.57%
Shares Outstanding (Basic)	13	13	13	13	13	13
Shares Outstanding (Diluted)	13	13	13	13	13	13
Shares Change (YoY)	1.72%	-	-	-0.03%	0.06%	-0.03%
EPS (Basic)	6.79	5.26	5.00	7.42	5.47	3.06
EPS (Diluted)	6.79	5.26	5.00	7.42	5.47	3.06
EPS Growth	440.88%	5.17%	-32.63%	35.63%	79.05%	-63.56%
Free Cash Flow	-890.72	-836.59	143.14	363.94	310.04	339.57
Free Cash Flow Per Share	-66.58	-63.06	10.79	27.43	23.36	25.60
Profit Margin	38.99%	24.17%	24.83%	20.07%	15.78%	9.18%
Free Cash Flow Margin	-382.54%	-289.92%	53.59%	74.21%	67.40%	76.90%
EBITDA	152.81	136.15	183.17	354.33	352.44	367.76
EBITDA Margin	65.63%	47.18%	68.57%	72.25%	76.61%	83.29%
D&A For EBITDA	24.29	39.23	89.8	159.58	161.29	163.89
EBIT	128.53	96.92	93.37	194.76	191.14	203.88
EBIT Margin	55.20%	33.59%	34.96%	39.71%	41.55%	46.17%
Effective Tax Rate	0.57%	0.51%	16.53%	14.53%	20.69%	36.97%
Revenue as Reported	262.47	308.5	273.52	496.95	470.58	454.38

Source: S&P Global Market Intelligence. Utility template. Financial Sources.