Waaree Energies Limited (BOM:544277)

Waaree Energies Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue Revenue Growth	300,427	265,368	144,445	113,976	67,509	28,543
Revenue Growth	94.31%	83.71%	26.73%	68.83%	136.52%	46.16%
Gross Profit Gross Profit Growth	90,804	84,558	39,196	23,822	14,332	4,594
Operating Income Operating Income Growth	52,136	49,189	23,192	13,011	6,736	658.76
Net Income Net Income Growth	38,163	37,113	18,674	12,372	4,828	756.39
Earnings Per Share EPS Growth	132.51	128.84	67.96	47.86	21.57	3.84
EPS Growth	67.77%	89.58%	42.00%	121.88%	462.18%	55.93%

Revenue by Segment

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Solar Photovoltaic Modules Solar Photovoltaic Modules Growth	276,609	241,334	129,569	106,545	65,518	27,710
Generation of Power Generation of Power Growth	325.3	337.7	334.7	286.3	126.87	144.97
Engineering, Procurement and Construction Contract Engineering, Procurement and Construction Contract Growth	36,066	32,819	15,594	8,478	3,334	1,473
Inter Segment Eliminations Inter Segment Eliminations Growth	-12,573	-9,123	-1,053	-1,333	-1,470	-785.59
Total Total Growth	300,427	265,368	144,445	113,976	67,509	28,543

Cash & Debt

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Investments Cash & Investments Growth	73,889	73,889	38,488	1,925	17,675	4,995
Total Debt Total Debt Growth	32,126	32,126	11,990	5,534	3,203	3,634
Net Cash (Debt) Net Cash Growth	41,763	41,763	26,498	-3,609	14,472	1,361
Net Cash Growth	-36.85%	57.61%	-	-	963.22%	-
Net Cash Per Share Net Cash Per Share Growth	145.00	144.98	96.43	-13.96	64.67	6.90

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Operating Cash Flow Operating Cash Flow Growth	-	16,270	31,582	23,050	15,602	6,980
Capital Expenditures CapEx Growth	-	-48,818	-32,741	-13,424	-8,654	-4,965
Free Cash Flow Free Cash Flow Growth	-	-32,548	-1,159	9,627	6,948	2,015
Free Cash Flow Growth	-	-	-	38.56%	244.81%	-

Margins

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Gross Margin	30.23%	31.86%	27.14%	20.90%	21.23%	16.09%
Operating Margin	17.35%	18.54%	16.06%	11.42%	9.98%	2.31%
Pretax Margin	17.70%	19.04%	17.76%	15.22%	10.03%	4.15%
Profit Margin	12.70%	13.99%	12.93%	10.85%	7.15%	2.65%
FCF Margin	-	-12.26%	-0.80%	8.45%	10.29%	7.06%

Dividends

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Fiscal Year	Current	FY 2026
Period Ending	Aug 2, 2026	Mar 31, 2026
Dividend Per Share Dividend Per Share Growth	2.000	4.000
Dividend Per Share Growth	0%	-
Dividend Yield	0.07%	0.13%

Valuation

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 2, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	20.20	24.10	36.99	-	-	-
PS Ratio	2.57	3.37	4.78	-	-	-

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 2, 2026

Data Sources Report a data error