Titan Company Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	755,800	604,560	510,840	405,750	287,990	216,440
Revenue Growth (YoY)	30.23%	18.35%	25.90%	40.89%	33.06%	2.81%
Cost of Revenue	594,770	475,110	394,870	303,990	216,800	164,400
Gross Profit	161,030	129,450	115,970	101,760	71,190	52,040
Selling, General & Admin	39,110	35,020	30,600	26,480	19,660	13,860
Other Operating Expenses	42,300	37,420	32,390	26,460	17,910	20,570
Operating Expenses	89,040	79,370	68,830	57,350	41,560	38,180
Operating Income	71,990	50,080	47,140	44,410	29,630	13,860
Interest Expense	-10,820	-9,530	-6,190	-3,000	-2,180	-2,030
Interest & Investment Income	3,010	3,010	2,490	1,430	960	610
Earnings From Equity Investments	10	10	10	10	-	-50
Currency Exchange Gain (Loss)	-60	-60	-	-	-	-
Other Non Operating Income (Expenses)	240	260	810	570	180	70
EBT Excluding Unusual Items	64,370	43,770	44,260	43,420	28,590	12,460
Merger & Restructuring Charges	-	-	-	-	-510	-
Gain (Loss) on Sale of Investments	1,570	1,570	1,970	1,060	870	570
Gain (Loss) on Sale of Assets	10	10	-	-30	-30	-60
Asset Writedown	-	-	-	-	-180	-310
Other Unusual Items	-1,520	-	-	20	300	610
Pretax Income	64,430	45,350	46,230	44,470	29,040	13,270
Income Tax Expense	16,770	11,980	11,270	11,730	7,060	3,530
Earnings From Continuing Operations	47,660	33,370	34,960	32,740	21,980	9,740
Minority Interest in Earnings	-	-	-	-240	-250	-10
Net Income	47,660	33,370	34,960	32,500	21,730	9,730
Net Income to Common	47,660	33,370	34,960	32,500	21,730	9,730
Net Income Growth	47.23%	-4.55%	7.57%	49.56%	123.33%	-35.18%
Shares Outstanding (Basic)	887	887	887	888	888	888
Shares Outstanding (Diluted)	887	887	888	888	888	888
Shares Change (YoY)	0.02%	-0.03%	-0.01%	-	-	-
EPS (Basic)	53.73	37.62	39.40	36.61	24.48	10.96
EPS (Diluted)	53.71	37.61	39.38	36.61	24.48	10.96
EPS Growth	47.24%	-4.50%	7.57%	49.56%	123.33%	-35.18%
Free Cash Flow	-	-10,350	10,040	9,380	-9,480	39,930
Free Cash Flow Per Share	-	-11.66	11.31	10.57	-10.68	44.98
Dividend Per Share	-	11.000	11.000	10.000	7.500	4.000
Dividend Growth	-	-	10.00%	33.33%	87.50%	-
Gross Margin	21.31%	21.41%	22.70%	25.08%	24.72%	24.04%
Operating Margin	9.53%	8.28%	9.23%	10.95%	10.29%	6.40%
Profit Margin	6.31%	5.52%	6.84%	8.01%	7.54%	4.50%
Free Cash Flow Margin	-	-1.71%	1.97%	2.31%	-3.29%	18.45%
EBITDA	75,018	52,800	49,450	46,060	31,430	15,550
EBITDA Margin	9.93%	8.73%	9.68%	11.35%	10.91%	7.18%
D&A For EBITDA	3,028	2,720	2,310	1,650	1,800	1,690
EBIT	71,990	50,080	47,140	44,410	29,630	13,860
EBIT Margin	9.53%	8.28%	9.23%	10.95%	10.29%	6.40%
Effective Tax Rate	26.03%	26.42%	24.38%	26.38%	24.31%	26.60%
Revenue as Reported	760,640	609,420	516,170	408,830	290,330	218,300
Advertising Expenses	-	13,080	11,480	9,660	5,900	2,880

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.