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	Dec 31, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Operating Revenue	133,764	113,976	67,509	28,543	19,528	19,958
Revenue	133,764	113,976	67,509	28,543	19,528	19,958
Revenue Growth (YoY)	-	68.83%	136.52%	46.16%	-2.15%	25.44%
Cost of Revenue	100,648	90,155	53,177	23,949	16,659	16,962
Gross Profit	33,116	23,822	14,332	4,594	2,868	2,996
Selling, General & Admin	10,942	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	14,174	10,835	7,596	3,935	2,268	2,250
Operating Income	18,942	12,986	6,736	658.76	600.38	745.23
Interest Expense	-1,279	-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)	878.42	-131.86	-119.17	423.75	-39.28	-39.42
EBT Excluding Unusual Items	20,532	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	2,922	3,413	-205.8	-	40.56	-
Pretax Income	23,778	17,342	6,772	1,184	699.04	579.54
Income Tax Expense	6,190	4,598	1,769	387.23	217.14	161.42
Earnings From Continuing Operations	17,588	12,744	5,003	796.5	481.9	418.12
Minority Interest in Earnings	-488.26	-372.01	-175.17	-40.11	10.2	27.12
Net Income	17,100	12,372	4,828	756.39	492.1	445.24
Net Income to Common	17,100	12,372	4,828	756.39	492.1	445.24
Net Income Growth	-	156.27%	538.24%	53.71%	10.52%	-43.79%
Shares Outstanding (Basic)	269	257	221	197	197	197
Shares Outstanding (Diluted)	269	259	224	197	197	197
Shares Change (YoY)	6.43%	15.51%	13.52%	-	-0.00%	-
EPS (Basic)	63.65	48.05	21.82	3.84	2.50	2.26
EPS (Diluted)	63.61	47.86	21.57	3.84	2.50	2.26
EPS Growth	-	121.88%	462.18%	53.71%	10.53%	-43.79%
Free Cash Flow	-	9,627	6,948	2,015	-1,301	-219.63
Free Cash Flow Per Share	-	37.24	31.05	10.22	-6.60	-1.11
Gross Margin	24.76%	20.90%	21.23%	16.09%	14.69%	15.01%
Operating Margin	14.16%	11.39%	9.98%	2.31%	3.07%	3.73%
Profit Margin	12.78%	10.85%	7.15%	2.65%	2.52%	2.23%
Free Cash Flow Margin	-	8.45%	10.29%	7.06%	-6.66%	-1.10%
EBITDA	23,274	15,641	8,272	1,009	837.15	966.68
EBITDA Margin	17.40%	13.72%	12.25%	3.53%	4.29%	4.84%
D&A For EBITDA	4,332	2,654	1,536	349.93	236.77	221.45
EBIT	18,942	12,986	6,736	658.76	600.38	745.23
EBIT Margin	14.16%	11.39%	9.98%	2.31%	3.07%	3.73%
Effective Tax Rate	26.03%	26.52%	26.12%	32.71%	31.06%	27.85%
Revenue as Reported	137,126	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.