WAAREE Energies Limited — Quarter and year ended March 31, 2026
| Sr. No. | Particulars | Three Months Ended | Year Ended | |||
|---|---|---|---|---|---|---|
| 31-03-2026 | 31-12-2025 | 31-03-2025 | 31-03-2026 | 31-03-2025 | ||
| Audited | Unaudited | Audited | Audited | Audited | ||
| I | Income | |||||
| (a) | Revenue from operations | 8,480.25 | 7,565.05 | 4,003.93 | 26,536.77 | 14,444.50 |
| (b) | Other income | 179.73 | 196.18 | 136.99 | 708.15 | 401.56 |
| Total Income | 8,659.98 | 7,761.23 | 4,140.92 | 27,244.92 | 14,846.06 | |
| II | Expenses | |||||
| (a) | Cost of materials consumed | 6,738.63 | 4,010.92 | 2,409.57 | 16,910.94 | 8,265.15 |
| (b) | Purchases of stock-in-trade | (256.42) | 297.49 | 264.73 | 1,587.71 | 1,273.84 |
| (c) | Changes in inventories of finished goods, stock-in-trade and work-in-progress | (702.61) | (85.51) | (64.99) | (1,954.97) | 650.83 |
| (d) | Other manufacturing and engineering, procurement and construction (EPC) project expenses | 473.26 | 649.01 | 106.98 | 1,537.26 | 330.95 |
| (e) | Employee benefits expense (Refer note 10) | 143.71 | 167.75 | 102.92 | 599.25 | 318.17 |
| (f) | Sales, administration and other expenses | 506.93 | 597.23 | 262.14 | 1,947.94 | 883.92 |
| (g) | Finance costs | 47.89 | 93.28 | 56.72 | 280.50 | 152.09 |
| (h) | Depreciation and amortization expense | 300.64 | 267.26 | 153.37 | 989.72 | 402.45 |
| Total Expenses | 7,252.03 | 5,997.43 | 3,291.44 | 21,898.35 | 12,277.40 | |
| III | Profit before exceptional items and tax (I-II) | 1,407.95 | 1,763.80 | 849.48 | 5,346.57 | 2,568.66 |
| IV | Add/(Less): Exceptional items (Refer note 6) | – | (294.78) | (4.02) | (294.78) | (4.02) |
| V | Profit before tax (III+IV) | 1,407.95 | 1,469.02 | 845.46 | 5,051.79 | 2,564.64 |
| VI | Tax expense | |||||
| (i) | Current tax | 295.22 | 396.32 | 181.05 | 1,205.83 | 610.79 |
| (ii) | Tax for earlier years | – | (12.24) | (3.29) | (12.24) | (15.32) |
| (iii) | Deferred tax | (13.53) | (21.85) | 23.23 | (25.95) | 41.04 |
| VII | Net Profit for the period (V-VI) | 1,126.26 | 1,106.79 | 644.47 | 3,884.15 | 1,928.13 |
| Net profit attributable to: | ||||||
| (a) | Owners of the parent company | 1,061.10 | 1,062.46 | 618.91 | 3,711.30 | 1,867.39 |
| (b) | Non-controlling interest | 65.16 | 44.33 | 25.56 | 172.85 | 60.74 |
| VIII | Other comprehensive Income | |||||
| Items that will be reclassified to statement of profit or loss in subsequent periods | ||||||
| (i) | Foreign Currency translation reserve (FCTR) | 4.18 | 9.18 | (2.72) | (1.66) | 0.29 |
| (ii) | Income tax effect on (i) above | – | – | – | – | – |
| Items that will not be reclassified to statement of profit or loss in subsequent periods | ||||||
| (i) | Remeasurement gain/(loss) of the net defined benefit liability / asset | 0.49 | 0.35 | 2.92 | (1.00) | 1.41 |
| (ii) | Equity Instrument through Other Comprehensive income | 0.37 | – | 0.37 | 0.37 | – |
| (iii) | Income tax effect on (i) above | (0.20) | (0.10) | (0.73) | 0.17 | (0.35) |
| Total other comprehensive Income/(loss) (net of tax) | 4.84 | 9.43 | (0.53) | (2.12) | 1.35 | |
| Other comprehensive income attributable to: | ||||||
| (a) | Owners of the parent company | 4.77 | 9.52 | (0.54) | (2.03) | 1.34 |
| (b) | Non-controlling interest | 0.07 | (0.09) | 0.01 | (0.09) | 0.01 |
| IX | Total Comprehensive Income for the period (VII+VIII) | 1,131.10 | 1,116.22 | 643.94 | 3,882.03 | 1,929.48 |
| Total comprehensive income attributable to: | ||||||
| (a) | Owners of the parent company | 1,065.87 | 1,071.98 | 618.37 | 3,709.27 | 1,868.73 |
| (b) | Non-controlling interest | 65.23 | 44.24 | 25.57 | 172.76 | 60.74 |
| Particulars | As at March 31, 2026 (Audited) | As at March 31, 2025 (Audited) |
|---|---|---|
| Assets | ||
| Non-current assets | ||
| (a) Property, plant and equipment | 6,046.67 | 3,560.14 |
| (b) Capital work-in-progress | 3,476.15 | 1,883.99 |
| (c) Right of use assets | 1,217.52 | 439.90 |
| (d) Investment property | 15.10 | 15.44 |
| (e) Other intangible assets | 22.27 | 4.16 |
| (f) Intangible assets under development | 0.56 | 0.15 |
| (g) Goodwill | 26.45 | 6.34 |
| (h) Financial assets | ||
| (i) Investments | 292.31 | – |
| (ii) Security deposit | 59.86 | 33.21 |
| (iii) Other financial assets | 492.15 | 375.99 |
| (i) Deferred tax assets (net) | 155.83 | 46.03 |
| (j) Income tax assets (net) | 107.60 | 1.68 |
| (k) Other non-current assets | 625.90 | 385.05 |
| Total non-current assets | 12,538.37 | 6,752.08 |
| Current assets | ||
| (a) Inventories | 5,855.64 | 2,692.11 |
| (b) Financial assets | ||
| (i) Investments | 660.53 | 64.68 |
| (ii) Trade receivables | 2,492.32 | 1,053.15 |
| (iii) Cash and cash equivalents | 774.16 | 509.83 |
| (iv) Bank balances other than cash and cash equivalents (iii) above | 5,954.21 | 7,237.99 |
| (v) Loans | – | 11.39 |
| (vi) Other financial assets | 717.51 | 135.57 |
| (c) Other current assets | 1,122.63 | 1,010.93 |
| Total current assets | 17,577.00 | 12,715.65 |
| Non-current assets classified as held for sale | 17.62 | – |
| Total Assets | 30,115.37 | 19,485.35 |
| Equity and liabilities | ||
| Equity | ||
| (a) Equity share capital | 287.65 | 287.28 |
| (b) Other equity | 14,149.69 | 9,191.92 |
| Equity attributable to owners of the parent company | 14,437.34 | 9,479.20 |
| (c) Non controlling interest | 573.55 | 116.08 |
| Total equity | 15,010.89 | 9,595.28 |
| Liabilities | ||
| Non-current liabilities | ||
| (a) Financial liabilities | ||
| (i) Borrowings | 815.14 | 24.18 |
| (ii) Lease liabilities | 646.21 | 224.27 |
| (iii) Other financial liabilities | – | 200.92 |
| (b) Long-term provisions | 254.36 | 155.11 |
| (c) Deferred tax liabilities (net) | 130.32 | 41.34 |
| (d) Other non-current liabilities | 550.75 | 720.14 |
| Total non-current liabilities | 2,396.78 | 1,365.96 |
| Current liabilities | ||
| (a) Financial liabilities | ||
| (i) Borrowings | 1,676.39 | 915.28 |
| (ii) Lease liabilities | 74.88 | 35.26 |
| (iii) Trade payables | ||
| – Total outstanding dues of micro enterprises and small enterprises | 159.78 | 94.11 |
| – Total outstanding dues of creditors other than micro enterprises and small enterprises | 2,948.03 | 1,975.57 |
| (iv) Supplier’s / Letter of credit – Acceptances | 479.27 | 293.38 |
| (v) Other financial liabilities | 1,083.51 | 339.16 |
| (b) Provisions | 360.60 | 123.53 |
| (c) Other current liabilities | 5,631.80 | 4,599.72 |
| (d) Current tax liabilities (net) | 293.44 | 148.10 |
| Total current liabilities | 12,707.70 | 8,524.11 |
| Total equity and liabilities | 30,115.37 | 19,485.35 |
| Particulars | Year ended March 31, 2026 | Year ended March 31, 2025 |
|---|---|---|
| A. Cash flow from operating activities: | ||
| Profit before exceptional items and tax | 5,346.57 | 2,568.66 |
| Add/(Less): Exceptional items | (294.78) | (4.02) |
| Profit before tax | 5,051.79 | 2,564.64 |
| Adjustments to reconcile profit before tax to net cash flows: | ||
| Depreciation and amortisation expenses | 989.72 | 402.45 |
| Interest expense (including interest expense on lease liabilities) | 168.52 | 76.60 |
| Interest on income tax | 19.95 | 12.31 |
| Interest income | (532.27) | (364.56) |
| Interest received on financial assets carried at amortised cost | (0.70) | (1.76) |
| Net foreign exchange differences (unrealised) | 129.97 | (15.33) |
| (Profit) / Loss on disposal of property, plant and equipment | (19.97) | 3.80 |
| Profit on disposal of current investment | (18.65) | (13.86) |
| Gain on change in fair value of investment | (15.95) | (2.79) |
| Profit on disposal of non current investment | (8.63) | – |
| (Reversal) / Provision for doubtful advances | 10.69 | (3.18) |
| Employee ESOP expenses (netting of lapsed) | 14.69 | 14.64 |
| Provision for warranty | 111.53 | 64.75 |
| Reversal for expected credit losses on financial assets | 15.10 | 5.95 |
| Operating profit before working capital changes | 5,915.79 | 2,743.66 |
| Add / (Less) : adjustments for change in working capital | ||
| (Increase) / decrease in inventories | (3,163.53) | (106.58) |
| Increase in trade receivables | (1,425.38) | (223.23) |
| (Increase) / decrease in other current financial assets | (570.39) | 6.18 |
| (Increase) / decrease in other current assets & non current assets | (131.36) | (790.17) |
| Increase in security deposits | (41.26) | (22.02) |
| Decrease in provision | 224.84 | (116.88) |
| Increase in trade payables | 1,014.23 | 777.14 |
| Increase / (decrease) in suppliers buyers credit / Letter of credit-acceptances | 39.29 | (220.26) |
| Increase / (decrease) in other current and non current financial liabilities | 51.07 | (220.44) |
| Increase / (decrease) in other current and non current liabilities | 862.69 | 2,073.61 |
| Cash generated from operations | 2,775.99 | 3,901.01 |
| Less: Direct taxes paid (net of refund) | (1,149.04) | (742.80) |
| Net Cash Inflow from operating activities | 1,626.95 | 3,158.21 |
| B. Cash flow from investing activities: | ||
| Acquisition of property, plant and equipment and intangible assets (including capital advances given) | (4,881.77) | (3,274.10) |
| Proceeds from sale of property, plant and equipment | 46.29 | 1.48 |
| Loan given | – | (5.87) |
| Loans received back | 11.39 | 13.11 |
| Fixed deposits opened | (10,121.47) | (10,019.05) |
| Fixed deposits matured | 11,294.56 | 6,154.65 |
| Purchase of current and non current investment | (5,532.99) | (5,128.12) |
| Proceeds from sale of current investment | 4,688.05 | 5,151.24 |
| Interest received | 542.76 | 298.29 |
| Net cash outflow from investing activities | (3,953.18) | (6,808.37) |
| C. Cash flow from financing activities: | ||
| Repayment of borrowings | (6,116.50) | (186.66) |
| Proceeds from borrowings | 7,668.57 | 808.79 |
| Proceeds from issue of equity share of subsidiary | 1,008.42 | 3,508.02 |
| Proceeds from transaction with shareholders (sale of share in subsidiary) | 532.03 | – |
| Repayment of lease liabilities | (300.75) | (30.85) |
| Dividend paid | (57.53) | – |
| Interest paid | (161.13) | (63.56) |
| Net cash Inflow from financing activities | 2,573.11 | 4,035.74 |
| Net increase in cash and cash equivalents ( A+B+C ) | 246.88 | 385.58 |
| Add: Cash and cash equivalents at the beginning of year | 509.83 | 121.39 |
| Less : Effect of Foreign Exchange in Cash and Cash Equivalent | 17.45 | 2.86 |
| Cash and cash equivalents at the end of year | 774.16 | 509.83 |
| Particulars | Year ended March 31, 2026 | Year ended March 31, 2025 |
|---|---|---|
| Balance with banks | 630.98 | 278.45 |