Waaree Energies Limited (BOM:544277)

Waaree Energies 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	Jun 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Operating Revenue	154,614	144,445	113,976	67,509	28,543	19,528
Revenue	154,614	144,445	113,976	67,509	28,543	19,528
Revenue Growth (YoY)	34.70%	26.73%	68.83%	136.52%	46.16%	-2.15%
Cost of Revenue	109,401	105,208	90,155	53,177	23,949	16,659
Gross Profit	45,214	39,237	23,822	14,332	4,594	2,868
Selling, General & Admin	13,549	12,021	8,077	5,986	3,534	2,020
Other Operating Expenses	-	-	-10.01	-30.53	-32.13	-38.15
Operating Expenses	18,636	16,045	10,835	7,596	3,935	2,268
Operating Income	26,577	23,192	12,986	6,736	658.76	600.38
Interest Expense	-1,616	-1,521	-1,240	-694.42	-360.62	-253.01
Interest & Investment Income	-	-	1,506	509.04	93.35	175.12
Currency Exchange Gain (Loss)	-	-	485.15	475.41	257.91	159.55
Other Non Operating Income (Expenses)	4,854	4,016	-131.86	-119.17	423.75	-39.28
EBT Excluding Unusual Items	29,815	25,687	13,605	6,906	1,073	642.76
Gain (Loss) on Sale of Investments	-	-	323.44	70.82	6.41	13.87
Gain (Loss) on Sale of Assets	-	-	-	-	104.17	2.38
Asset Writedown	-	-	-	-	-	-0.53
Other Unusual Items	-40.2	-40.2	3,413	-205.8	-	40.56
Pretax Income	29,775	25,646	17,342	6,772	1,184	699.04
Income Tax Expense	6,776	6,365	4,598	1,769	387.23	217.14
Earnings From Continuing Operations	22,999	19,281	12,744	5,003	796.5	481.9
Minority Interest in Earnings	-814.5	-607.4	-372.01	-175.17	-40.11	10.2
Net Income	22,184	18,674	12,372	4,828	756.39	492.1
Net Income to Common	22,184	18,674	12,372	4,828	756.39	492.1
Net Income Growth	71.27%	50.94%	156.27%	538.24%	53.71%	10.53%
Shares Outstanding (Basic)	280	274	257	221	197	197
Shares Outstanding (Diluted)	281	275	259	224	197	197
Shares Change (YoY)	6.84%	6.29%	15.51%	13.52%	-	-0.00%
EPS (Basic)	79.32	68.24	48.05	21.82	3.84	2.50
EPS (Diluted)	78.98	67.96	47.86	21.57	3.84	2.50
EPS Growth	60.32%	42.00%	121.88%	462.18%	53.71%	10.53%
Free Cash Flow	-	-1,159	9,627	6,948	2,015	-1,301
Free Cash Flow Per Share	-	-4.22	37.24	31.05	10.22	-6.60
Gross Margin	29.24%	27.16%	20.90%	21.23%	16.09%	14.69%
Operating Margin	17.19%	16.06%	11.39%	9.98%	2.31%	3.07%
Profit Margin	14.35%	12.93%	10.85%	7.15%	2.65%	2.52%
Free Cash Flow Margin	-	-0.80%	8.45%	10.29%	7.06%	-6.66%
EBITDA	30,951	27,216	15,641	8,272	1,009	837.15
EBITDA Margin	20.02%	18.84%	13.72%	12.25%	3.53%	4.29%
D&A For EBITDA	4,374	4,025	2,654	1,536	349.93	236.77
EBIT	26,577	23,192	12,986	6,736	658.76	600.38
EBIT Margin	17.19%	16.06%	11.39%	9.98%	2.31%	3.07%
Effective Tax Rate	22.76%	24.82%	26.52%	26.12%	32.71%	31.06%
Revenue as Reported	159,468	148,461	116,328	68,604	29,509	19,934
Advertising Expenses	-	-	326.16	205.73	91.94	64.88

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.