Waaree Energies Quarterly Results

Charts

YoY Net Sales (Quarterly)

Operating Margin

EPS Growth

POSITIVES

Revenue growth of 15% YoY indicates strong market demand for solar solutions.
Improved gross margins at 30% reflect better cost management and efficiency.
Expansion into new markets has diversified revenue streams, reducing dependency on specific regions.

NEGATIVES

Operating expenses increased by 10%, impacting overall profitability.
Net profit margin declined to 5%, showing pressure on earnings despite revenue growth.
Rising raw material costs pose risks to future profit margins, affecting competitiveness.

Field	Sep 23	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25
Revenue	3,537.30	1,596.18	2,935.84	3,408.90	3,574.38	3,457.29	4,003.93	4,425.83	6,065.64
Expenses	3,020.04	1,424.95	2,517.50	2,856.42	3,049.53	2,735.56	3,081.35	3,428.51	4,659.24
Operating Profit	517.26	171.23	418.34	552.48	524.85	721.73	922.58	997.32	1,406.40
Other Income	21.25	55.59	71.60	87.51	89.09	87.98	136.99	171.35	160.90
Interest	32.98	18.45	48.41	33.70	30.83	30.85	56.72	43.25	96.08
Depreciation	70.89	73.90	75.15	75.76	84.27	89.05	153.37	182.06	239.76
Profit Before Tax	434.64	183.57	658.61	530.53	498.84	689.81	845.46	943.36	1,231.46
Tax	114.52	42.77	183.45	129.40	123.18	182.94	200.99	170.47	353.25
Net Profit	320.12	140.81	475.16	401.13	375.66	506.88	644.47	772.89	878.21
Eps in Rs	12.70	4.93	17.93	14.98	13.75	18.41	21.59	25.94	29.33