Integrated Filing — IndAS

General information about company
Scrip Code	544277
NSE Symbol	WAAREEENER
MSEI Symbol	NOTLISTED
ISIN	INE377N01017
Name of company	WAAREE ENERGIES 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	22-Apr-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	16-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	22-Apr-2025   17:15:00
End date and time of board meeting	22-Apr-2025   20:10:00
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	40039300000	144445000000
	Other income	1369900000	4015600000
	Total income	41409200000	148460600000
2	Expenses
(a)	Cost of materials consumed	24095700000	82631900000
(b)	Purchases of stock-in-trade	2647300000	12738400000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	-649900000	6527900000
(d)	Employee benefit expense	1029200000	3181700000
(e)	Finance costs	567200000	1520900000
(f)	Depreciation, depletion and amortisation expense	1533700000	4024500000
(f)	Other Expenses
1	Other manufacturing and engineering, procurement and construction (EPC) project expenses	1069800000	3309500000
2	Sales, administration and other expenses	2621400000	8839200000
	Total other expenses	3691200000	12148700000
	Total expenses	32914400000	122774000000
3	Total profit before exceptional items and tax	8494800000	25686600000
4	Exceptional items	-40200000	-40200000
5	Total profit before tax	8454600000	25646400000
6	Tax expense
7	Current tax	1777600000	5954700000
8	Deferred tax	232300000	410400000
9	Total tax expenses	2009900000	6365100000
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	6444700000	19281300000
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	6444700000	19281300000
17	Other comprehensive income net of taxes	-5300000	13500000
18	Total Comprehensive Income for the period	6439400000	19294800000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	6189100000	18673900000
	Total profit or loss, attributable to non-controlling interests	255600000	255600000
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	6183700000	18687300000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	255700000	607500000
21	Details of equity share capital
	Paid-up equity share capital	2872800000	2872800000
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve		91919200000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	21.59	68.24
	Diluted earnings (loss) per share from continuing operations	21.51	67.96
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	21.59	68.24
	Diluted earnings (loss) per share from continuing and discontinued operations	21.51	67.96
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	35851100000
	Capital work-in-progress	18839900000
	Investment property	154400000
	Goodwill	63400000
	Other intangible assets	41600000
	Intangible assets under development	1500000
	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	4092000000
	Total non-current financial assets	4092000000
	Deferred tax assets (net)	460300000
	Other non-current assets	6401400000
	Total non-current assets	65905600000
2	Current assets
	Inventories	26921100000
	Current financial asset
	Current investments	646800000
	Trade receivables, current	11847700000
	Cash and cash equivalents	5098300000
	Bank balance other than cash and cash equivalents	72379900000
	Loans, current	113900000
	Other current financial assets	1355700000
	Total current financial assets	91442300000
	Current tax assets (net)
	Other current assets	13028600000
	Total current assets	131392000000
3	Non-current assets classified as held for sale	176200000
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	197473800000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	2872800000
	Other equity	93080000000
	Total equity attributable to owners of parent	95952800000
	Non controlling interest
	Total equity	95952800000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	241800000
	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	2009200000
	Total non-current financial liabilities	2251000000
	Provisions, non-current	1551100000
	Deferred tax liabilities (net)	413400000
	Deferred government grants, Non-current
	Other non-current liabilities	9444100000
	Total non-current liabilities	13659600000
	Current liabilities
	Current financial liabilities
	Borrowings, current	9152800000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	941100000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	21608000000
	Total Trade payable	22549100000
	Other current financial liabilities	6129800000
	Total current financial liabilities	37831700000
	Other current liabilities	47313400000
	Provisions, current	1235300000
	Current tax liabilities (Net)	1481000000
	Deferred government grants, Current	0
	Total current liabilities	87861400000
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	101521000000
	Total equity and liabilites	197473800000
	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	Solar Photovoltaic Modules	36169400000	129569400000
2	Generation of power	84700000	334700000
3	Engineering, procurement and construction (EPC) contracts	4653200000	15593700000
	Total Segment Revenue	40907300000	145497800000
	Less: Inter segment revenue	868000000	868000000
	Revenue from operations	40039300000	144445000000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Solar Photovoltaic Modules	6779100000	20654600000
2	Generation of power	55500000	219200000
3	Engineering, procurement and construction (EPC) contracts	1153100000	2734600000
	Total Profit before tax	7987700000	23608400000
	i. Finance cost	567200000	567200000
	ii. Other Unallocable Expenditure net off Unallocable income	-1034100000	-1034100000
	Profit before tax	8454600000	25646400000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Solar Photovoltaic Modules	96223000000	96223000000
2	Generation of power	3006800000	3006800000
3	Engineering, procurement and construction (EPC) contracts	5320900000	5320900000
	Total Segment Asset	104550700000	104550700000
	Un-allocable Assets	92923100000	92923100000
	Net Segment Asset	197473800000	197473800000
4	Segment Liabilities
	Segment Liabilities
1	Solar Photovoltaic Modules	90536700000	90536700000
2	Generation of power	284800000	284800000
3	Engineering, procurement and construction (EPC) contracts	5636000000	5636000000
	Total Segment Liabilities	96457500000	96457500000
	Un-allocable Liabilities	5063500000	5063500000
	Net Segment Liabilities	101521000000	101521000000
	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	Remeasurement gain/(loss) of the net defined benefit liability / asset	29200000	14100000
	Total Amount of items that will not be reclassified to profit and loss	29200000	14100000
2	Income tax relating to items that will not be reclassified to profit or loss	7300000	3500000
3	Amount of items that will be reclassified to profit and loss
1	(Foreign Currency translation reserve (FCTR)	-27200000	2900000
	Total Amount of items that will be reclassified to profit and loss	-27200000	2900000
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	-5300000	13500000

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			25646400000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			766000000
	Adjustments for decrease (increase) in inventories			-1065800000
	Adjustments for decrease (increase) in trade receivables, current			-2232300000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-8060100000
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			7771400000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			-2202600000
	Adjustments for increase (decrease) in other non-current liabilities			11386900000
	Adjustments for depreciation and amortisation expense			4024500000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			-1168800000
	Adjustments for provisions, non-current			647500000
	Adjustments for other financial liabilities, current			0
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			-153300000
	Adjustments for dividend income			0
	Adjustments for interest income			-3645600000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			-27900000
	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			65700000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			13396800000
	Net cash flows from (used in) operations			39043200000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			7428000000
	Other inflows (outflows) of cash			-33100000
	Net cash flows from (used in) operating activities			31582100000
	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			32741000000
	Proceeds from sales of investment property			51527200000
	Purchase of investment property			51281200000
	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			58700000
	Cash receipts from repayment of advances and loans made to other parties			131100000
	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			2982900000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-38644000000
	Net cash flows from (used in) investing activities	-68083700000
	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			35080200000
	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			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			8087900000
	Repayments of borrowings			1866600000
	Payments of lease liabilities			230300000
	Dividends paid			0
	Interest paid			635600000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-78200000
	Net cash flows from (used in) financing activities			40357400000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			3855800000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			28600000
	Net increase (decrease) in cash and cash equivalents			3884400000
	Cash and cash equivalents cash flow statement at beginning of period			1213900000
	Cash and cash equivalents cash flow statement at end of period			5098300000