Waaree Technologies quarterly results and financials

Waaree Technologies (BSE 539337)₹195.95+0.62%(9 Nov 2026 close)Power Generation

Key facts

In the Mar 2026 quarter (standalone), Waaree Technologies reported sales of ₹3.02 Cr, down 34.6% from Mar 2025, and net profit of −₹2.47 Cr. For the year to Mar 2026, sales were ₹7.10 Cr and net profit −₹4.19 Cr.

Sales (Mar 2026): ₹3.02 Cr
Net profit (Mar 2026): −₹2.47 Cr
Sales (FY Mar 2026): ₹7.10 Cr
Net profit (FY Mar 2026): −₹4.19 Cr
EPS (Mar 2026): ₹−2.29
Borrowings (Mar 2026): ₹21.10 Cr

Company filings, standalone accounts; latest reported quarter Mar 2026

Waaree Technologies quarterly results

₹ crore unless stated; each column is a quarter.

Waaree Technologies Quarterly results
	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026
Sales	21.82	13.46	15.00	5.58	4.62	4.10	3.02
Expenses	22.96	15.06	21.24	7.96	7.71	5.19	5.47
Operating Profit	−1.12	−1.61	−6.28	−2.40	−3.10	−1.10	−2.47
OPM %	−5.1%	−11.9%	−41.6%	−42.7%	−66.7%	−26.6%	−81.2%
Other Income	0.18	0.23	0.15	0.05	0.19	0.20	0.14
Interest	0.04	0.21	0.03	0.03	0.06	0.29	0.31
Depreciation	0.67	1.08	1.08	1.08	1.09	1.07	0.63
Profit before tax	−1.66	−2.68	−7.25	−3.47	−4.09	−2.27	−3.30
Tax %	−24.8%	−25.1%	−23.8%	−24.3%	−25.8%	−24.3%	−25.2%
Net Profit	−1.25	−2.00	−5.52	−2.63	−3.04	−1.73	−2.47
EPS (Rs)	−1.16	−1.86	−5.13	−2.44	−2.82	−1.61	−2.29

Waaree Technologies profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Waaree Technologies Profit and loss
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales	4.19	4.93	4.74	6.75	1.46	−0.75	0.00	13.07	29.30	28.46	10.20	7.10
Expenses	4.03	4.85	4.60	6.70	1.65	−0.53	0.27	13.16	30.39	36.28	15.67	10.65
Operating Profit	0.17	0.09	0.16	0.08	−0.20	−0.23	−0.29	−0.07	−1.06	−7.87	−5.49	−3.56
OPM %	3.8%	1.6%	3.1%	1.0%	−13.0%	—	—	−0.5%	−3.6%	−27.6%	−53.5%	−49.8%
Other Income	0.04	0.12	0.05	0.07	0.15	0.11	0.06	0.37	0.33	0.37	0.23	0.33
Interest	0.00	0.00	0.00	0.02	0.06	0.02	0.00	0.03	0.08	0.24	0.08	0.59
Depreciation	0.02	0.03	0.03	0.02	0.00	0.00	0.00	0.00	0.67	2.17	2.18	1.72
Profit before tax	0.17	0.16	0.16	0.10	−0.11	−0.15	−0.24	0.27	−1.49	−9.93	−7.54	−5.57
Tax %	31.3%	33.3%	33.3%	33.4%	−20.0%	0.0%	−39.1%	27.0%	−26.3%	−24.1%	−25.0%	−24.8%
Exceptional items	0.00	0.00	0.00	−0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	0.12	0.11	0.12	0.06	−0.09	−0.15	−0.13	0.18	−1.10	−7.51	−5.66	−4.19
EPS (Rs)	0.59	0.28	0.31	0.15	−0.23	−0.39	−0.39	0.19	−1.02	−6.99	−5.26	−3.89
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Waaree Technologies balance sheet

₹ crore, at each year end.

Waaree Technologies Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	1.36	2.62	2.62	2.62	2.62	2.62	3.67	10.72	10.74	10.73	10.74	10.74
Reserves	0.20	1.21	1.32	1.37	1.29	1.15	−0.03	1.55	0.46	−7.03	−12.66	−16.86
Borrowings	0.00	0.00	0.00	0.30	0.37	0.00	0.14	0.00	3.06	17.83	17.64	21.10
Other Liabilities	0.61	0.70	0.23	0.09	0.04	0.04	0.04	0.14	18.58	3.20	3.73	2.75
Total Liabilities	2.17	4.53	4.17	4.38	4.32	3.81	3.82	12.41	32.84	24.73	19.45	17.73
Fixed Assets	0.17	0.20	0.16	0.00	0.02	0.02	0.00	0.00	7.49	5.78	3.96	2.43
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.76	0.22	0.22	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.14	0.19	0.19	0.19	0.19	0.19
Other Assets	2.00	4.33	4.01	4.38	4.30	3.79	3.68	12.22	24.40	18.54	15.08	15.11
Inventories	—	0.61	1.83	0.59	0.00	0.07	0.07	0.07	13.14	5.69	3.11	2.08
Trade receivables	—	1.50	0.95	2.25	0.98	0.00	0.00	8.86	0.31	0.12	0.00	0.10
Cash & equivalents	—	2.15	1.13	0.05	0.20	0.00	3.29	1.23	4.51	4.19	1.95	2.26
Total Assets	2.17	4.53	4.17	4.38	4.32	3.81	3.82	12.41	32.84	24.73	19.45	17.73

Waaree Technologies cash flow

₹ crore, for each year.

Waaree Technologies Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	0.66	−0.84	−1.05	−1.49	0.09	0.08	3.23	−10.48	9.16	−15.11	−1.73	−2.47
Cash from investing activity	0.00	0.03	0.03	0.14	0.00	0.08	−0.11	0.12	−8.86	0.21	−0.22	−0.06
Cash from financing activity	−0.07	2.18	0.00	0.29	0.05	−0.39	0.16	8.32	3.02	14.59	−0.28	2.86
Net cash flow	0.61	1.38	−1.03	−1.09	0.15	−0.21	3.30	−2.07	3.30	−0.33	−2.26	0.31
Capex	0.01	0.05	0.00	0.00	0.00	0.00	0.00	0.00	8.87	0.00	0.36	0.19
Free cash flow	0.66	−0.90	−1.07	−1.41	0.10	0.07	3.23	−10.48	0.27	−15.06	−2.10	−2.69
CFO / OP %	456.0%	−988.0%	−673.0%	−2,100.0%	−58.0%	−41.0%	−1,157.0%	17,483.1%	−871.0%	193.0%	32.0%	70.0%

Waaree Technologies ratios

Working-capital days and returns, by year.

Waaree Technologies Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	56	111	75	123	247	0	—	248	5	2	0	7
Inventory days	48	51	178	35	0	—	—	2	171	78	129	129
Days payable	48	52	16	2	—	—	—	4	31	12	37	55
Cash conversion cycle	55	108	236	156	245	0	—	245	144	68	93	79
Working capital days	51	108	202	212	911	1,801	—	301	−26	−120	−459	−164
ROCE %	10.0%	5.5%	3.8%	2.9%	−1.2%	−3.2%	−6.1%	3.7%	−10.6%	−54.0%	−39.9%	−32.3%

Waaree Technologies: frequently asked questions

What are the latest quarterly results of Waaree Technologies?

For the Mar 2026 quarter, Waaree Technologies reported sales of ₹3.02 Cr, down 34.6% year on year and net profit of −₹2.47 Cr. The operating margin was −81.2%.

What is the annual revenue of Waaree Technologies?

Waaree Technologies' sales for the year to Mar 2026 were ₹7.10 Cr.

What is the net profit of Waaree Technologies?

Net profit for the year to Mar 2026 was −₹4.19 Cr. Earnings per share over the same trailing period were ₹−3.89.

How much debt does Waaree Technologies have?

Waaree Technologies reported borrowings of ₹21.10 Cr at Mar 2026, against cash and equivalents of ₹2.26 Cr.

What is the free cash flow of Waaree Technologies?

Cash from operations was −₹2.47 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹2.69 Cr.

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