WAA quarterly results and annual financials: sales, operating profit, OPM, net profit, EPS, balance sheet, cash flow and ratios like ROCE, with YoY and QoQ growth.
Waa Solar Ltd reported sales of ₹17.09 Cr, operating profit of ₹11.32 Cr (OPM 66.24%) and net profit of ₹0.68 Cr for the quarter ended Sep 2026. Figures in ₹ crore, consolidated where available.
WAA quarterly results (₹ Cr)
Metric
Mar 2023
Sep 2023
Mar 2024
Sep 2024
Mar 2025
Sep 2025
Mar 2026
Sep 2026
Sales
23.36
23.65
3.04
14.38
13.86
8.81
18.96
17.09
Expenses
4.43
6.64
1.88
9.68
8.2
2.45
9.83
5.77
Operating Profit
18.93
17.01
1.16
4.7
5.66
6.36
9.13
11.32
OPM
81.04%
71.92%
38.16%
32.68%
40.84%
72.19%
48.15%
66.24%
Other Income
0.37
0.45
0.22
0.61
1.99
1.55
1.16
1.22
Interest
4.93
4.28
-0.27
2.24
2.86
4.81
6.31
7.36
Depreciation
7.99
7.98
1
4.5
-0.58
3
3.87
4.8
Profit before tax
6.38
5.2
0.65
-1.43
5.37
0.1
0.11
0.38
Tax
15.99%
16.15%
72.31%
0%
0.74%
20%
509.09%
15.79%
Net Profit
6.81
5.04
1.59
-0.29
7.26
1.82
-1.17
0.68
EPS in Rs
4.57
3.54
1.46
-0.22
5.47
1.37
-0.88
0.51
WAA profit & loss, annual (₹ Cr)
Metric
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
TTM
Sales
45.72
48.74
26.4
28.25
27.77
36.05
Expenses
10.51
13.3
8.11
17.81
12.28
15.6
Operating Profit
35.21
35.44
18.29
10.44
15.49
20.45
OPM
77.01%
72.71%
69.28%
36.96%
55.78%
56.73%
Other Income
1.06
0.65
0.55
2.51
2.71
2.38
Interest
11.82
10.06
4.01
5.09
11.12
13.67
Depreciation
16.13
15.96
8.98
3.92
6.88
8.67
Profit before tax
8.32
10.07
5.85
3.94
0.2
0.49
Tax
24.28%
17.58%
22.39%
1.02%
290%
-
Net Profit
7.73
10.38
6.63
6.97
0.65
-0.49
EPS in Rs
5.47
7.42
5
5.25
0.49
-0.37
Dividend Payout
0%
0%
0%
0%
0%
-
WAA balance sheet (₹ Cr)
Metric
Mar 2024
Mar 2025
Sep 2025
Mar 2026
Sep 2026
Equity Capital
13.27
13.27
13.27
13.27
13.27
Reserves
168.89
173.78
172.52
171.36
171.01
Borrowings
50.82
142.25
162.72
178.12
190.64
Other Liabilities
1.6
3.98
3.15
49.25
9.89
Total Liabilities
234.58
333.28
351.66
412
384.81
Fixed Assets
44.4
98.45
135.9
181.3
193.22
CWIP
0.27
21.4
4.76
19.9
10.32
Investments
97.22
97.02
97.41
96.68
96.68
Other Assets
92.69
116.41
113.59
114.12
84.59
Total Assets
234.58
333.28
351.66
412
384.81
WAA cash flows (₹ Cr)
Metric
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
Cash from Operating Activity
31
36.86
14.97
-4.55
67.45
Cash from Investing Activity
1.41
-1.29
51.44
-62.95
-87.34
Cash from Financing Activity
-31.15
-30.92
-66.94
86.34
24.75
Net Cash Flow
1.27
4.65
-0.53
18.84
4.86
Free Cash Flow
31
36.4
15.58
-83.66
-20.78
CFO/OP
94%
108%
91%
-44%
-
CFO/EBITDAShare of operating profit converting into cash: CFO (before tax) / Operating Profit