Waaree Energies Limited (BOM: 544277)

Waaree Energies 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	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Operating Revenue	115,153	113,976	67,509	28,543	19,528	19,958
Revenue	115,153	113,976	67,509	28,543	19,528	19,958
Revenue Growth (YoY)	70.57%	68.83%	136.52%	46.16%	-2.15%	25.44%
Cost of Revenue	88,527	90,155	53,177	23,949	16,659	16,962
Gross Profit	26,626	23,822	14,332	4,594	2,868	2,996
Selling, General & Admin	9,957	8,077	5,986	3,534	2,020	2,055
Other Operating Expenses	-10.01	-10.01	-30.53	-32.13	-38.15	-72.88
Operating Expenses	13,038	10,835	7,596	3,935	2,268	2,250
Operating Income	13,588	12,986	6,736	658.76	600.38	745.23
Interest Expense	-1,155	-1,240	-694.42	-360.62	-253.01	-269.46
Interest & Investment Income	1,506	1,506	509.04	93.35	175.12	140.28
Earnings From Equity Investments	-	-	-	-	-	-0.02
Currency Exchange Gain (Loss)	485.15	485.15	475.41	257.91	159.55	23.14
Other Non Operating Income (Expenses)	554.57	-131.86	-119.17	423.75	-39.28	-39.42
EBT Excluding Unusual Items	14,979	13,605	6,906	1,073	642.76	599.75
Gain (Loss) on Sale of Investments	323.44	323.44	70.82	6.41	13.87	1.6
Gain (Loss) on Sale of Assets	-	-	-	104.17	2.38	-
Asset Writedown	-	-	-	-	-0.53	-21.81
Other Unusual Items	3,413	3,413	-205.8	-	40.56	-
Pretax Income	18,716	17,342	6,772	1,184	699.04	579.54
Income Tax Expense	4,788	4,598	1,769	387.23	217.14	161.42
Earnings From Continuing Operations	13,928	12,744	5,003	796.5	481.9	418.12
Minority Interest in Earnings	-509.17	-372.01	-175.17	-40.11	10.2	27.12
Net Income	13,419	12,372	4,828	756.39	492.1	445.24
Net Income to Common	13,419	12,372	4,828	756.39	492.1	445.24
Net Income Growth	177.95%	156.27%	538.24%	53.71%	10.52%	-43.79%
Shares Outstanding (Basic)	265	257	221	197	197	197
Shares Outstanding (Diluted)	265	259	224	197	197	197
Shares Change (YoY)	18.45%	15.51%	13.52%	-	-0.00%	-
EPS (Basic)	50.64	48.05	21.82	3.84	2.50	2.26
EPS (Diluted)	50.62	47.86	21.57	3.84	2.50	2.26
EPS Growth	134.67%	121.88%	462.18%	53.71%	10.53%	-43.79%
Free Cash Flow	13,474	9,627	6,948	2,015	-1,301	-219.63
Free Cash Flow Per Share	50.83	37.24	31.05	10.22	-6.60	-1.11
Gross Margin	23.12%	20.90%	21.23%	16.09%	14.69%	15.01%
Operating Margin	11.80%	11.39%	9.98%	2.31%	3.07%	3.73%
Profit Margin	11.65%	10.85%	7.15%	2.65%	2.52%	2.23%
Free Cash Flow Margin	11.70%	8.45%	10.29%	7.06%	-6.66%	-1.10%
EBITDA	16,565	15,641	8,272	1,009	837.15	966.68
EBITDA Margin	14.39%	13.72%	12.25%	3.53%	4.29%	4.84%
D&A For EBITDA	2,977	2,654	1,536	349.93	236.77	221.45
EBIT	13,588	12,986	6,736	658.76	600.38	745.23
EBIT Margin	11.80%	11.39%	9.98%	2.31%	3.07%	3.73%
Effective Tax Rate	25.58%	26.52%	26.12%	32.71%	31.06%	27.85%
Revenue as Reported	118,191	116,328	68,604	29,509	19,934	20,213
Advertising Expenses	-	326.16	205.73	91.94	64.88	73.89

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