Integrated Filing — IndAS

General information about company
Scrip Code	534618
NSE Symbol	WAAREERTL
MSEI Symbol	NOTLISTED
ISIN	INE299N01021
Name of company	Waaree Renewable Technologies Limited
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	16-Apr-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	09-Apr-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Consolidated
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Multi segment
Description of single segment
Start date and time of board meeting	16-Apr-2025   14:28:00
End date and time of board meeting	16-Apr-2025   15:35:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	4765799000	15977479000
	Other income	48562000	148021000
	Total income	4814361000	16125500000
2	Expenses
(a)	Cost of materials consumed	3349573000	12388008000
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	0	0
(d)	Employee benefit expense	75021000	295560000
(e)	Finance costs	43783000	148382000
(f)	Depreciation, depletion and amortisation expense	16271000	63723000
(f)	Other Expenses
1	Other Expenses	77870000	184883000
	Total other expenses	77870000	184883000
	Total expenses	3562518000	13080556000
3	Total profit before exceptional items and tax	1251843000	3044944000
4	Exceptional items	-40188000	-40188000
5	Total profit before tax	1211655000	3004756000
6	Tax expense
7	Current tax	244583000	655561000
8	Deferred tax	29421000	59948000
9	Total tax expenses	274004000	715509000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	937651000	2289247000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	937651000	2289247000
17	Other comprehensive income net of taxes	1473000	546000
18	Total Comprehensive Income for the period	939124000	2289793000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	938135000	2291609000
	Total profit or loss, attributable to non-controlling interests	-484000	-484000
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	1473000	546000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	0	0
21	Details of equity share capital
	Paid-up equity share capital	208493000	208493000
	Face value of equity share capital	2	2
27	Details of debt securities
22	Reserves excluding revaluation reserve		0
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	9	22
	Diluted earnings (loss) per share from continuing operations	8.98	21.95
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	9	22
	Diluted earnings (loss) per share from continuing and discontinued operations	8.98	21.95
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	1951291000
	Capital work-in-progress	562211000
	Investment property	0
	Goodwill	120000
	Other intangible assets	26837000
	Intangible assets under development	1482000
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	0
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	520245000
	Total non-current financial assets	520245000
	Deferred tax assets (net)	8000
	Other non-current assets	23962000
	Total non-current assets	3086156000
2	Current assets
	Inventories	64508000
	Current financial asset
	Current investments	519673000
	Trade receivables, current	4977460000
	Cash and cash equivalents	267941000
	Bank balance other than cash and cash equivalents	1667595000
	Loans, current	0
	Other current financial assets	89899000
	Total current financial assets	7522568000
	Current tax assets (net)	0
	Other current assets	528001000
	Total current assets	8115077000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	11201233000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	208493000
	Other equity	4345663000
	Total equity attributable to owners of parent	4554156000
	Non controlling interest	-4649000
	Total equity	4549507000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	241825000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	0
	Total non-current financial liabilities	241825000
	Provisions, non-current	13152000
	Deferred tax liabilities (net)	267338000
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	522315000
	Current liabilities
	Current financial liabilities
	Borrowings, current	31900000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	469764000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	1873533000
	Total Trade payable	2343297000
	Other current financial liabilities	33392000
	Total current financial liabilities	2408589000
	Other current liabilities	3533293000
	Provisions, current	11215000
	Current tax liabilities (Net)	176314000
	Deferred government grants, Current	0
	Total current liabilities	6129411000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	6651726000
	Total equity and liabilites	11201233000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	EPC Contracts	4697203000	15723641000
2	Power Sale	68596000	253838000
	Total Segment Revenue	4765799000	15977479000
	Less: Inter segment revenue	0	0
	Revenue from operations	4765799000	15977479000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	EPC Contracts	1197106000	2864489000
2	Power Sale	49958000	180817000
	Total Profit before tax	1247064000	3045306000
	i. Finance cost	83972000	83972000
	ii. Other Unallocable Expenditure net off Unallocable income	-48563000	-48563000
	Profit before tax	1211655000	3004756000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	EPC Contracts	7655764000	7655764000
2	Power Sale	2568883000	2568883000
	Total Segment Asset	10224647000	10224647000
	Un-allocable Assets	976584000	976584000
	Net Segment Asset	11201231000	11201231000
4	Segment Liabilities
	Segment Liabilities
1	EPC Contracts	5682759000	5682759000
2	Power Sale	300079000	300079000
	Total Segment Liabilities	5982838000	5982838000
	Un-allocable Liabilities	668887000	668887000
	Net Segment Liabilities	6651725000	6651725000
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Items that will not be reclassified to Profit and Loss	1968000	730000
	Total Amount of items that will not be reclassified to profit and loss	1968000	730000
2	Income tax relating to items that will not be reclassified to profit or loss	495000	184000
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss
5	Total Other comprehensive income	1473000	546000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			3004756000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			148382000
	Adjustments for decrease (increase) in inventories			227165000
	Adjustments for decrease (increase) in trade receivables, current			-1251771000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-361056000
	Adjustments for decrease (increase) in other non-current assets			14398000
	Adjustments for other financial assets, non-current			-740000
	Adjustments for other financial assets, current			-69787000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			-631945000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			2718098000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			63723000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			13665000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			-769000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			0
	Adjustments for dividend income			0
	Adjustments for interest income			0
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			0
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			11381000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			880744000
	Net cash flows from (used in) operations			3885500000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			711749000
	Other inflows (outflows) of cash			-146779000
	Net cash flows from (used in) operating activities			3026972000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			0
	Purchase of property, plant and equipment			1014133000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			115411000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-1470542000
	Net cash flows from (used in) investing activities	-2369264000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			2186000
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			0
	Repayments of borrowings			131075000
	Payments of lease liabilities			0
	Dividends paid			208418000
	Interest paid			148382000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-485689000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			172019000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			172019000
	Cash and cash equivalents cash flow statement at beginning of period			95922000
	Cash and cash equivalents cash flow statement at end of period			267941000