Shares of Waaree Energies declined by 2.04% to Rs 2,882 in early trade on Thursday. At 9:22 am, the stock was trading lower on the Nifty Midcap 150.
Financial Snapshot:
Here is a summary of Waaree Energies' key financial data:
Consolidated Quarterly Performance:
| Heading | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 3,408.90 Crore | Rs 3,574.38 Crore | Rs 3,457.29 Crore | Rs 4,003.93 Crore | Rs 4,425.83 Crore |
| Net Profit | Rs 401.13 Crore | Rs 375.66 Crore | Rs 506.88 Crore | Rs 644.47 Crore | Rs 772.89 Crore |
| EPS | 14.98 | 13.75 | 18.41 | 21.59 | 25.94 |
The company has demonstrated strong revenue growth in the recent quarters. Revenue increased from Rs 3,408.90 Crore in June 2024 to Rs 4,425.83 Crore in June 2025.
Net profit also increased from Rs 401.13 Crore in June 2024 to Rs 772.89 Crore in June 2025.
Consolidated Yearly Performance:
| Heading | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | Rs 2,854.27 Crore | Rs 6,750.87 Crore | Rs 11,397.61 Crore | Rs 14,444.50 Crore |
| Net Profit | Rs 79.65 Crore | Rs 500.28 Crore | Rs 1,274.38 Crore | Rs 1,928.13 Crore |
| EPS | 3.84 | 21.82 | 48.05 | 68.24 |
| BVPS | 21.69 | 75.54 | 155.45 | 329.96 |
| ROE | 17.68 | 26.25 | 30.26 | 19.69 |
| Debt to Equity | 0.73 | 0.15 | 0.08 | 0.10 |
The annual figures show a substantial increase in revenue from Rs 2,854.27 Crore in 2022 to Rs 14,444.50 Crore in 2025. Net profit also rose significantly from Rs 79.65 Crore in 2022 to Rs 1,928.13 Crore in 2025.
Standalone Yearly Income Statement:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | |
|---|---|---|---|---|
| Sales | Rs 12,764 Crore | Rs 10,717 Crore | Rs 6,532 Crore | Rs 2,771 Crore |
| Other Income | Rs 453 Crore | Rs 240 Crore | Rs 108 Crore | Rs 81 Crore |
| Total Income | Rs 13,218 Crore | Rs 10,957 Crore | Rs 6,641 Crore | Rs 2,852 Crore |
| Total Expenditure | Rs 10,690 Crore | Rs 9,266 Crore | Rs 5,947 Crore | Rs 2,722 Crore |
| EBIT | Rs 2,528 Crore | Rs 1,691 Crore | Rs 694 Crore | Rs 129 Crore |
| Interest | Rs 131 Crore | Rs 133 Crore | Rs 76 Crore | Rs 33 Crore |
| Tax | Rs 615 Crore | Rs 409 Crore | Rs 157 Crore | Rs 26 Crore |
| Net Profit | Rs 1,781 Crore | Rs 1,148 Crore | Rs 460 Crore | Rs 69 Crore |
The standalone annual income statement shows net profit increased from Rs 69 Crore in March 2022 to Rs 1,781 Crore in March 2025.
Standalone Quarterly Income Statement:
| Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | |
|---|---|---|---|---|---|
| Sales | Rs 3,369 Crore | Rs 3,322 Crore | Rs 3,082 Crore | Rs 3,169 Crore | Rs 3,190 Crore |
| Other Income | Rs 197 Crore | Rs 159 Crore | Rs 101 Crore | Rs 104 Crore | Rs 88 Crore |
| Total Income | Rs 3,567 Crore | Rs 3,482 Crore | Rs 3,184 Crore | Rs 3,273 Crore | Rs 3,278 Crore |
| Total Expenditure | Rs 2,650 Crore | Rs 2,657 Crore | Rs 2,519 Crore | Rs 2,769 Crore | Rs 2,743 Crore |
| EBIT | Rs 916 Crore | Rs 824 Crore | Rs 664 Crore | Rs 504 Crore | Rs 534 Crore |
| Interest | Rs 33 Crore | Rs 48 Crore | Rs 26 Crore | Rs 26 Crore | Rs 30 Crore |
| Tax | Rs 223 Crore | Rs 195 Crore | Rs 166 Crore | Rs 119 Crore | Rs 132 Crore |
| Net Profit | Rs 659 Crore | Rs 580 Crore | Rs 471 Crore | Rs 357 Crore | Rs 371 Crore |
The standalone quarterly income statement shows net profit increased from Rs 371 Crore in June 2024 to Rs 659 Crore in June 2025.
Standalone Yearly Cash Flow:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | |
|---|---|---|---|---|
| Operating Activities | Rs 2,939 Crore | Rs 2,116 Crore | Rs 1,491 Crore | Rs 571 Crore |
| Investing Activities | Rs -6,764 Crore | Rs -3,246 Crore | Rs -2,246 Crore | Rs -525 Crore |
| Financing Activities | Rs 4,076 Crore | Rs 960 Crore | Rs 871 Crore | Rs 66 Crore |
| Others | Rs -2 Crore | Rs -6 Crore | Rs 5 Crore | Rs 1 Crore |
| Net Cash Flow | Rs 249 Crore | Rs -175 Crore | Rs 122 Crore | Rs 114 Crore |
Standalone Balance Sheet:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | |
|---|---|---|---|---|
| Share Capital | Rs 287 Crore | Rs 262 Crore | Rs 243 Crore | Rs 197 Crore |
| Reserves & Surplus | Rs 9,120 Crore | Rs 3,840 Crore | Rs 1,699 Crore | Rs 231 Crore |
| Current Liabilities | Rs 7,313 Crore | Rs 5,083 Crore | Rs 4,845 Crore | Rs 1,370 Crore |
| Other Liabilities | Rs 1,130 Crore | Rs 1,487 Crore | Rs 544 Crore | Rs 240 Crore |
| Total Liabilities | Rs 17,851 Crore | Rs 10,673 Crore | Rs 7,333 Crore | Rs 2,039 Crore |
| Fixed Assets | Rs 4,578 Crore | Rs 2,218 Crore | Rs 1,373 Crore | Rs 670 Crore |
| Current Assets | Rs 10,929 Crore | Rs 7,600 Crore | Rs 5,404 Crore | Rs 1,203 Crore |
| Other Assets | Rs 2,343 Crore | Rs 855 Crore | Rs 555 Crore | Rs 165 Crore |
| Total Assets | Rs 17,851 Crore | Rs 10,673 Crore | Rs 7,333 Crore | Rs 2,039 Crore |
| Contingent Liabilities | Rs 0 Crore | Rs 1,744 Crore | Rs 1,326 Crore | Rs 342 Crore |
Financial Ratios:
| Ratio | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|
| Basic EPS (Rs.) | 65.09 | 44.60 | 20.80 | 3.53 |
| Diluted Eps (Rs.) | 64.82 | 44.42 | 20.56 | 3.53 |
| Book Value [Excl. Reval Reserve]/Share (Rs.) | 327.46 | 156.03 | 79.83 | 21.73 |
| Dividend/Share (Rs.) | 0.00 | 0.00 | 0.00 | 0.00 |
| Face Value | 10 | 10 | 10 | 10 |
| Gross Profit Margin (%) | 22.31 | 15.06 | 13.31 | 6.11 |
| Operating Margin (%) | 19.80 | 12.59 | 10.94 | 4.68 |
| Net Profit Margin (%) | 13.95 | 10.71 | 7.04 | 2.51 |
| Return on Networth / Equity (%) | 18.93 | 27.98 | 23.68 | 16.26 |
| ROCE (%) | 23.99 | 24.14 | 28.74 | 19.42 |
| Return On Assets (%) | 9.97 | 10.75 | 6.27 | 3.41 |
| Current Ratio (X) | 1.49 | 1.50 | 1.12 | 0.88 |
| Quick Ratio (X) | 1.18 | 0.99 | 0.56 | 0.49 |
| Debt to Equity (x) | 0.10 | 0.07 | 0.10 | 0.63 |
| Interest Coverage Ratios (X) | 21.63 | 12.12 | 11.32 | 4.98 |
| Asset Turnover Ratio (%) | 0.89 | 1.19 | 1.39 | 1.76 |
| Inventory Turnover Ratio (X) | 3.24 | 3.19 | 3.67 | 3.97 |
| 3 Yr CAGR Sales (%) | 114.62 | 10,252.60 | 7,982.57 | 5,164.30 |
| 3 Yr CAGR Net Profit (%) | 405.63 | 3,288.73 | 2,045.20 | 734.69 |
| P/E (x) | 36.94 | 0.00 | 0.00 | 0.00 |
| P/B (x) | 7.35 | 0.00 | 0.00 | 0.00 |
| EV/EBITDA (x) | 22.12 | 0.00 | 0.00 | 0.00 |
| P/S (x) | 5.41 | 0.00 | 0.00 | 0.00 |
Waaree Energies' stock is currently trading lower on the Nifty Midcap 150.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
