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	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Operating Revenue	179,527	144,445	113,976	67,509	28,543	19,528
Revenue	179,527	144,445	113,976	67,509	28,543	19,528
Revenue Growth (YoY)	55.90%	26.73%	68.83%	136.52%	46.16%	-2.15%
Cost of Revenue	121,163	105,249	90,155	53,177	23,949	16,659
Gross Profit	58,364	39,196	23,822	14,332	4,594	2,869
Selling, General & Admin	17,884	11,980	8,053	5,986	3,534	2,019
Other Operating Expenses	-0.1	-0.1	-10	-30.53	-32.13	-38.15
Operating Expenses	24,526	16,004	10,811	7,596	3,935	2,267
Operating Income	33,838	23,192	13,011	6,736	658.76	601.81
Interest Expense	-1,637	-889.1	-1,240	-694.42	-360.62	-240.43
Interest & Investment Income	3,663	3,663	1,506	509.04	93.35	175.12
Currency Exchange Gain (Loss)	47.4	47.4	485.2	475.41	257.91	159.55
Other Non Operating Income (Expenses)	1,063	-493.4	-131.8	-119.17	423.75	-39.29
EBT Excluding Unusual Items	36,975	25,520	13,630	6,906	1,073	656.76
Gain (Loss) on Sale of Investments	166.5	166.5	323.4	70.82	6.41	3.71
Gain (Loss) on Sale of Assets	-	-	-	-	104.17	12.54
Asset Writedown	-	-	-24.8	-	-	-0.53
Other Unusual Items	-40.2	-40.2	3,413	-205.8	-	40.56
Pretax Income	37,101	25,646	17,342	6,772	1,184	713.04
Income Tax Expense	9,076	6,365	4,598	1,769	387.23	237.85
Earnings From Continuing Operations	28,025	19,281	12,744	5,003	796.5	475.19
Minority Interest in Earnings	-1,031	-607.4	-372	-175.17	-40.11	9.89
Net Income	26,994	18,674	12,372	4,828	756.39	485.08
Net Income to Common	26,994	18,674	12,372	4,828	756.39	485.08
Net Income Growth	101.17%	50.94%	156.27%	538.24%	55.93%	8.95%
Shares Outstanding (Basic)	286	274	257	221	197	197
Shares Outstanding (Diluted)	287	275	259	224	197	197
Shares Change (YoY)	8.24%	6.30%	15.51%	13.52%	-0.00%	-
EPS (Basic)	94.46	68.24	48.05	21.82	3.84	2.46
EPS (Diluted)	94.08	67.96	47.86	21.57	3.84	2.46
EPS Growth	85.85%	42.00%	121.88%	462.18%	55.93%	8.95%
Free Cash Flow	-19,985	-1,159	9,627	6,948	2,015	-1,302
Free Cash Flow Per Share	-69.65	-4.22	37.24	31.05	10.22	-6.60
Gross Margin	32.51%	27.14%	20.90%	21.23%	16.09%	14.69%
Operating Margin	18.85%	16.06%	11.42%	9.98%	2.31%	3.08%
Profit Margin	15.04%	12.93%	10.85%	7.15%	2.65%	2.48%
Free Cash Flow Margin	-11.13%	-0.80%	8.45%	10.29%	7.06%	-6.67%
EBITDA	40,065	26,801	15,666	8,272	1,009	838.57
EBITDA Margin	22.32%	18.55%	13.74%	12.25%	3.53%	4.29%
D&A For EBITDA	6,227	3,609	2,655	1,536	349.93	236.76
EBIT	33,838	23,192	13,011	6,736	658.76	601.81
EBIT Margin	18.85%	16.06%	11.42%	9.98%	2.31%	3.08%
Effective Tax Rate	24.46%	24.82%	26.52%	26.12%	32.71%	33.36%
Revenue as Reported	185,099	148,461	116,328	68,604	29,509	19,934
Advertising Expenses	-	779.1	326.2	205.73	91.94	64.88

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