Shares of Waaree Energies declined by 2.11% to Rs 3,138.30 on Friday. The stock is among the top losers on the Nifty Midcap 150.
Financial Snapshot:
The following table summarizes the consolidated quarterly financial performance of Waaree Energies:
| Heading | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 2,935.84 Crore | Rs 3,408.90 Crore | Rs 3,574.38 Crore | Rs 3,457.29 Crore | Rs 4,003.93 Crore |
| Net Profit | Rs 475.18 Crore | Rs 401.13 Crore | Rs 375.66 Crore | Rs 506.88 Crore | Rs 644.47 Crore |
| EPS | 18.07 | 14.98 | 13.75 | 18.41 | 21.59 |
The company's revenue for the quarter-ending March 2025 stood at Rs 4,003.93 Crore, up from Rs 2,935.84 Crore in March 2024. The net profit for the quarter-ending March 2025 was Rs 644.47 Crore, compared to Rs 475.18 Crore in March 2024. Earnings per share (EPS) increased to 21.59 in the quarter-ending March 2025, from 18.07 in March 2024.
The following table summarizes the consolidated yearly financial 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 company's revenue for the year ending March 2025 was Rs 14,444.50 Crore, up from Rs 2,854.27 Crore in 2022. The net profit for the year ending March 2025 was Rs 1,928.13 Crore, compared to Rs 79.65 Crore in 2022. Earnings per share (EPS) increased to 68.24 in the year ending March 2025, from 3.84 in 2022.
The following table summarizes the 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 sales increased by approximately 19.10% from Rs 10,717 Crore in March 2024 to Rs 12,764 Crore in March 2025. The net profit increased significantly from Rs 69 Crore in March 2022 to Rs 1,781 Crore in March 2025.
The following table summarizes the standalone quarterly income statement:
| Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | |
|---|---|---|---|---|---|
| Sales | Rs 3,322 Crore | Rs 3,082 Crore | Rs 3,169 Crore | Rs 3,190 Crore | Rs 2,682 Crore |
| Other Income | Rs 159 Crore | Rs 101 Crore | Rs 104 Crore | Rs 88 Crore | Rs 73 Crore |
| Total Income | Rs 3,482 Crore | Rs 3,184 Crore | Rs 3,273 Crore | Rs 3,278 Crore | Rs 2,756 Crore |
| Total Expenditure | Rs 2,657 Crore | Rs 2,519 Crore | Rs 2,769 Crore | Rs 2,743 Crore | Rs 2,111 Crore |
| EBIT | Rs 824 Crore | Rs 664 Crore | Rs 504 Crore | Rs 534 Crore | Rs 645 Crore |
| Interest | Rs 48 Crore | Rs 26 Crore | Rs 26 Crore | Rs 30 Crore | Rs 44 Crore |
| Tax | Rs 195 Crore | Rs 166 Crore | Rs 119 Crore | Rs 132 Crore | Rs 168 Crore |
| Net Profit | Rs 580 Crore | Rs 471 Crore | Rs 357 Crore | Rs 371 Crore | Rs 432 Crore |
The sales increased from Rs 2,682 Crore in March 2024 to Rs 3,322 Crore in March 2025. Similarly, net profit rose from Rs 432 Crore to Rs 580 Crore over the same period.
The following table summarizes the cash flow statement:
| 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 |
Net cash flow increased to Rs 249 crore in March 2025 from Rs -175 crore in March 2024.
The following table summarizes the balance sheet:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | |
|---|---|---|---|---|
| Equities & Liabilities | ||||
| 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 |
| Assets | ||||
| 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 |
| Other Info | ||||
| Contingent Liabilities | Rs 0 Crore | Rs 1,744 Crore | Rs 1,326 Crore | Rs 342 Crore |
Total assets have increased from Rs 2,039 Crore in March 2022 to Rs 17,851 Crore in March 2025.
The following table summarizes the key financial ratios:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | |
|---|---|---|---|---|
| Per Share Ratios | ||||
| 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 |
| Margin Ratios | ||||
| 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 Ratios | ||||
| 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 |
| Liquidity Ratios | ||||
| Current Ratio (X) | 1.49 | 1.50 | 1.12 | 0.88 |
| Quick Ratio (X) | 1.18 | 0.99 | 0.56 | 0.49 |
| Leverage Ratios | ||||
| Debt to Equity (x) | 0.10 | 0.07 | 0.10 | 0.63 |
| Interest Coverage Ratios (X) | 21.63 | 12.12 | 11.32 | 4.98 |
| Turnover Ratios | ||||
| Asset Turnover Ratio (%) | 0.89 | 1.19 | 1.39 | 1.76 |
| Inventory Turnover Ratio (X) | 3.24 | 3.19 | 3.67 | 3.97 |
| Growth Ratios | ||||
| 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 |
| Valuation Ratios | ||||
| 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 |
Corporate Actions:
With the stock currently trading at Rs 3,138.30, Waaree Energies has seen a decline in today's session, reflecting the overall bearish sentiment.
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.
