Waaree Energies Annual Reports, Balance Sheet & Financials

Particulars

31-03-2024

31-03-2023

Non-current assets

Property, plant and equipment

11,493.50

9,912.16

Capital work-in-progress

13,412.90

5,370.43

Right of use assets

2,870.32

1,001.90

Investment property

3.48

3.48

Other intangible assets

67.75

71.69

Intangible assets under development

1.48

1.47

Goodwill on consolidation

63.43

63.43

Security deposit

231.11

98.98

Other financial assets

908.76

1,574.07

Deferred tax assets

832.07

142.77

Income tax assets (net)

0.94

0.7

Other non-current assets

3,120.72

1,128.71

Current assets

Inventories

25,855.31

27,088.67

Current investments

711.48

310.59

Trade receivables

9,713.89

3,126.13

Cash and cash equivalents

1,213.85

2,536.53

Bank balances other than cash and cash equivalents above

36,577.84

14,827.64

Loans

246.56

136.67

Other financial assets

763.79

534.91

Other current assets

5,043.40

6,200.30

Assets held for Sales

4.69

67.97

Total Assets

1,13,137.27

74,199.20

Equity

Equity share capital

2,629.62

2,433.66

Other equity

38,248.50

15,950.44

Non controlling interest

606.76

234.44

Non-current liabilities

Borrowings

1,025.97

1,458.27

Lease liabilities

2,074.72

380.5

Other financial liabilities

513.33

-

Long-term provisions

1,081.01

692.62

Deferred tax liabilities (net)

371.03

479.44

Other non-current liabilities

12,354.93

3,277.47

Current liabilities

Borrowings

2,147.22

1,276.53

Lease Liabilities

285.85

87.42

Trade payables

Total outstanding dues of micro enterprises and small enterprises

966.86

657.13

Total outstanding dues of creditors other than micro enterprises and small enterprises

13,785.42

13,659.11

Supplier's / Letter of credit - Acceptances

5,385.90

5,857.80

Other financial liabilities

5,093.07

2,986.64

Provisions

2,245.10

278.97

Other current liabilities

21,423.74

23,634.71

Current tax liabilities (net)

2,898.24

854.05

Total equity and liabilities

1,13,137.27

74,199.20

Particulars

31-03-2024

31-03-2023

Income

Revenue from operations

1,13,976.09

67,508.73

Other income

2,351.54

1,094.91

Total income

1,16,327.63

68,603.64

Expenses

Cost of materials consumed

83,564.85

58,973.24

Purchases of stock-in-trade

9,653.07

2,606.66

Changes In inventories of finished goods, stock-in-trade and work-in-progress

-5,619.86

-10,069.01

Other manufacturing and Engineering, Procurement and construction project expenses

2,540.47

1,652.58

Employee benefits expense

1,771.53

1,237.88

Sales, administration, and other expenses

6,321.80

4,760.95

Finance costs

1,399.08

822.7

Depreciation and amortisation expense

2,768.10

1,641.34

Total expenses

1,02,399.04

61,626.34

Profit before exceptional items & tax

13,928.59

6,977.30

Add: Exceptional items

3,413.42

-205.8

Profit before tax

17,342.01

6,771.50

Current tax

5,394.73

1,677.07

Tax for earlier years

-0.01

-2.62

Deferred tax

-796.48

94.28

Profit for the year

12,743.77

5,002.77

Other comprehensive income

Items  that  will  be  reclassified  to  statement  of  profit  or  loss  in subsequent periods

Foreign Currency translation reserve (FCTR)

-0.22

0.2

Income tax effect on above

-

-0.05

Items  that  will  not  be  reclassified  to  statement  of  profit  or  loss  in subsequent periods

Remeasurement of the net defined benefit liability / asset

-7.81

-11.19

Income tax effect on above

1.97

2.82

Total other comprehensive income

-6.06

-8.22

Total comprehensive income for the year (after tax)

12,737.71

4,994.55

Net profit/(loss) attributable to :

Owners of the parent company

12,371.76

4,827.60

Non-controlling interest

372.01

175.17

Other comprehensive income attributable to :

12,743.77

5,002.77

Owners of the parent company

-5.65

-8.26

Non-controlling interest

-0.41

0.04

Total comprehensive income attributable to :

-6.06

-8.22

Owners of the parent company

12,366.11

4,819.34

Non-controlling interest

371.6

175.21

Earnings per equity share of Rs. 10/- each :

12,737.71

4,994.55

Basic

48.05

21.82

Diluted

47.86

21.57

Particulars

31-03-2024

31-03-2023

Cash flow from operating activities:

Profit before tax

17,342.01

6,771.50

Add/(Less): adjustments for

Depreciation and amortisation expenses

2,768.10

1,641.34

Interest expense (including interest expense on lease liability)

933.37

579.94

Interest on income tax

306.76

114.48

Interest income

-1,500.82

-509.04

Interest received on financial assets carried at amortised cost

-5.03

-

Net foreign exchange differences (unrealised)

87.25

-17.35

Loss on disposal of property, plant and equipment

3.87

11.69

Gain on disposal of current investment

-312.54

-66.16

Gain on change in fair value of investment

-10.9

-4.66

Provision for doubtful debt

-6.17

6.74

Provision for doubtful deposits and other receivables

-

2.81

Provision for doubtful advances

50.34

42.76

Loss on impairment of non current assets held for sale

24.82

-

Employee ESOP expenses (netting of lapsed)

98.29

366.81

Provision for warranty

543.66

286.22

Allowance for credit losses on financial assets

162.27

-23.32

Provision for Diminution investment

-

100

Provision for raw materials

-

105.8

Operating profit before working capital changes

20,485.28

9,409.56

Add/(Less) : adjustments for change in working capital

Decrease /(increase) in inventories

1,233.36

-21,707.02

(Increase) in trade receivables

-6,695.70

-2,145.09

Decrease in other current financial assets

40.99

49.33

Decrease /(increase) in other current assets &non current assets

1,075.63

-5,680.75

(Increase) in security deposits

-127.1

-

Decrease/(increase) in provision

1,797.32

-5.25

Increase / (decrease) in trade payables

484.58

10,730.98

(Decrease) / increase in suppliers buyers credit

-549.16

5,280.61

Increase in other current and non current financial liabilities

1,789.31

524.39

Increase in other current and non current liabilities

6,866.49

20,149.06

Cash generated from operations

26,401.00

16,605.82

(Less) : Direct taxes paid (net of refunds)

-3,350.79

-1,003.54

Net Cash Inflow from operating activities

23,050.21

15,602.28

Cash flow from investing activities :

Acquisition of property, plant and equipment and intangible assets (including capital advances given)

-13,423.36

-8,654.36

Proceeds from sale of property, plant and equipment

49.86

36.53

Loan granted

-109.9

-244.67

Loans received back

-

268.6

Fixed deposits opened

-60,271.47

-36,446.27

Fixed deposits matured

39,181.14

22,714.96

Purchase of current investment

-19,134.04

-

Proceeds from sale of current investment

19,056.59

1,091.79

Interest received

1,248.66

295.19

Net cash (outflow) from investing activities

-33,402.52

-20,938.23

Cash flow from financing activities :

Repayment of borrowings

-7,377.12

-1,671.95

Proceeds from borrowings

7,793.49

163.95

Proceeds from issue of equity share

10,044.26

10,401.21

Acquisition of non controlling interest

-0.57

-1,486.92

Equity share issue expenses

-9.6

-207.61

Repayment of lease liabilities

-146.24

-81.43

Dividend paid

-5.32

-2.65

Interest paid

-1,171.48

-654.7

Interest paid on lease liability

-35.6

-35.12

Net cash Inflow from financing activities

9,091.82

6,424.78

Net Increase in cash and cash equivalents

-1,260.49

1,088.84

Add: Cash and cash equivalents at the beginning of the year

2,536.53

1391.86

Add/(less): on acqusition/(cessation) of subsidiary

-

-0.23

Less: Effect of foreign exchange in cash and cash equivalent

-62.19

56.06

Cash and cash equivalents at the end of the year

1213.85

2,536.53