v3.23.1
Consolidated Statements Of Operations And Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]      
Revenue $ 1,902,137 $ 1,457,592 $ 1,195,617
Cost of sales 1,615,164 1,310,561 963,636
Gross profit 286,973 147,031 231,981
Selling, general and administrative expenses 96,869 66,948 60,442
Research and development 21,619 14,176 13,008
Operating income 168,485 65,907 158,531
Interest and other (income) expense, net (598) 799 502
Income before income taxes 169,083 65,108 158,029
Provision for income taxes 47,750 14,195 33,681
Net income and comprehensive income 121,333 50,913 124,348
Less: Net income attributable to Nextracker LLC prior to the reorganization transactions 117,744 50,913 124,348
Less: Net income attributable to redeemable non-controlling interests 2,446 0 0
Net income attributable to Nextracker Inc $ 1,143 $ 0 $ 0
Earnings Per Share Reconciliation [Abstract]      
Earnings Per Share, Basic [1] $ 0.02    
Earnings Per Share, Diluted [1] $ 0.02    
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]      
Weighted Average Number of Shares Outstanding, Basic [1] 45,886,065    
Weighted Average Number of Shares Outstanding, Diluted [1] 145,851,637    
[1] Basic and diluted income per share is applicable only for the period February 9, 2023 through March 31, 2023, which is the period following the initial public offering (“IPO”) and the related Transactions. See Note 8 for the calculation of shares used in the computation of earnings per share and the basis for the computation of earnings per share.