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	Standalone
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	Single segment
Description of single segment	Manufacturing of Solar Modules
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	Not applicable
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2025-01-30
Indicate Company website link for updated RPT policy of the Company	https://waaree.com/investor/
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	Yes
No. of times funds raised during the quarter	1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No
There is no default on Loans and no debt Securities applicable to the company

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	Standalone	Standalone
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	33229600000	127645500000
	Other income	1595300000	4539100000
	Total income	34824900000	132184600000
2	Expenses
(a)	Cost of materials consumed	20283400000	78892900000
(b)	Purchases of stock-in-trade	1134400000	3224000000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	237400000	7508000000
(d)	Employee benefit expense	683700000	2350900000
(e)	Finance costs	481100000	1317200000
(f)	Depreciation, depletion and amortisation expense	973100000	3209000000
(f)	Other Expenses
1	Other manufacturing expenses	981900000	3477800000
2	Sales,administration and other expenses	2285100000	8241200000
	Total other expenses	3267000000	11719000000
	Total expenses	27060100000	108221000000
3	Total profit before exceptional items and tax	7764800000	23963600000
4	Exceptional items	0	0
5	Total profit before tax	7764800000	23963600000
6	Tax expense
7	Current tax	1533000000	5419400000
8	Deferred tax	426600000	732500000
9	Total tax expenses	1959600000	6151900000
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	5805200000	17811700000
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	5805200000	17811700000
17	Other comprehensive income net of taxes	20400000	9900000
18	Total Comprehensive Income for the period	5825600000	17821600000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
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		91200000000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	20.23	65.09
	Diluted earnings (loss) per share from continuing operations	20.16	64.82
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	20.23	65.09
	Diluted earnings (loss) per share from continuing and discontinued operations	20.16	64.82
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		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	26647800000
	Capital work-in-progress	17335500000
	Investment property	1785600000
	Goodwill	0
	Other intangible assets	13400000
	Intangible assets under development	0
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	2229600000
	Trade receivables, non-current	0
	Loans, non-current	16499200000
	Other non-current financial assets	2669500000
	Total non-current financial assets	21398300000
	Deferred tax assets (net)	74800000
	Other non-current assets	1961600000
	Total non-current assets	69217000000
2	Current assets
	Inventories	23069800000
	Current financial asset
	Current investments	127100000
	Trade receivables, current	7167800000
	Cash and cash equivalents	3225100000
	Bank balance other than cash and cash equivalents	66970200000
	Loans, current	0
	Other current financial assets	1097900000
	Total current financial assets	78588100000
	Current tax assets (net)	0
	Other current assets	7641100000
	Total current assets	109299000000
3	Non-current assets classified as held for sale
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	178516000000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	2872800000
	Other equity	91200000000
	Total equity attributable to owners of parent	94072800000
	Non controlling interest
	Total equity	94072800000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	0
	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	2756300000
	Total non-current financial liabilities	2756300000
	Provisions, non-current	1528700000
	Deferred tax liabilities (net)	0
	Deferred government grants, Non-current	0
	Other non-current liabilities	7019000000
	Total non-current liabilities	11304000000
	Current liabilities
	Current financial liabilities
	Borrowings, current	9119600000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	390800000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	16502600000
	Total Trade payable	16893400000
	Other current financial liabilities	5902400000
	Total current financial liabilities	31915400000
	Other current liabilities	38724400000
	Provisions, current	1194700000
	Current tax liabilities (Net)	1304700000
	Deferred government grants, Current	0
	Total current liabilities	73139200000
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	84443200000
	Total equity and liabilites	178516000000
	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		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	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	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Income tax effect on above	-6800000	-3400000
	Total Amount of items that will not be reclassified to profit and loss	-6800000	-3400000
2	Income tax relating to items that will not be reclassified to profit or loss	-27200000	-13300000
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	20400000	9900000

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			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			23963600000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			819900000
	Adjustments for decrease (increase) in inventories			-2506400000
	Adjustments for decrease (increase) in trade receivables, current			936000000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-31800000
	Adjustments for decrease (increase) in other non-current assets			30200000
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			100700000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			-3339000000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			14190000000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			3209000000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			578400000
	Adjustments for provisions, non-current			-2641500000
	Adjustments for other financial liabilities, current			4795900000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			204300000
	Adjustments for dividend income			154500000
	Adjustments for interest income			4070000000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			-24600000
	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			0
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			12096600000
	Net cash flows from (used in) operations			36060200000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			6661500000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			29398700000
	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			3200000
	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			37600000
	Purchase of property, plant and equipment			23955500000
	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			629600000
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			16478600000
	Cash receipts from repayment of advances and loans made to other parties			2278200000
	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			155100000
	Interest received			2840600000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-33148800000
	Net cash flows from (used in) investing activities	-67645000000
	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			34922300000
	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			8318900000
	Repayments of borrowings			1715000000
	Payments of lease liabilities			114500000
	Dividends paid			0
	Interest paid			643400000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			40768300000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			2522000000
	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			2493400000
	Cash and cash equivalents cash flow statement at beginning of period			731700000
	Cash and cash equivalents cash flow statement at end of period			3225100000

Signatory Details
Name of signatory	RAJESH GAUR
Designation of person	Company Secretary and Compliance Officer
Place	MUMBAI
Date	22-Apr-2025