Ion Exchange (India) 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
Operating Revenue	28,861	27,371	23,478	19,896	15,769	14,495
Revenue	28,861	27,371	23,478	19,896	15,769	14,495
Revenue Growth (YoY)	7.52%	16.58%	18.01%	26.17%	8.79%	-2.05%
Cost of Revenue	18,243	17,440	14,784	12,552	9,563	8,999
Gross Profit	10,618	9,931	8,694	7,344	6,205	5,496
Selling, General & Admin	4,147	3,680	3,192	2,528	2,106	1,820
Other Operating Expenses	3,682	3,285	2,702	2,211	1,925	1,601
Operating Expenses	8,383	7,416	6,290	5,063	4,338	3,710
Operating Income	2,234	2,515	2,404	2,280	1,867	1,786
Interest Expense	-142.12	-108.52	-102.49	-77.21	-87.13	-109.37
Interest & Investment Income	360.51	360.51	345.39	281.8	221.73	242.18
Earnings From Equity Investments	17.45	10.05	15.41	9.34	4.17	-0.7
Currency Exchange Gain (Loss)	26.15	26.15	-28.76	64.66	69.72	-25.85
Other Non Operating Income (Expenses)	146.76	49.26	50.38	31.15	94.84	56.76
EBT Excluding Unusual Items	2,643	2,852	2,684	2,590	2,170	1,949
Gain (Loss) on Sale of Investments	-1.28	-1.28	2.19	0.01	0.79	1.27
Gain (Loss) on Sale of Assets	3.82	3.82	2.65	-3.04	2.15	0.14
Other Unusual Items	-169.7	-	-	-	-	-
Pretax Income	2,476	2,855	2,689	2,587	2,173	1,950
Income Tax Expense	654.32	772.22	735.42	637.37	556.43	517.12
Earnings From Continuing Operations	1,822	2,083	1,954	1,950	1,617	1,433
Minority Interest in Earnings	-2.78	-4.38	6.66	17.76	10.87	6.09
Net Income	1,819	2,078	1,960	1,967	1,628	1,439
Net Income to Common	1,819	2,078	1,960	1,967	1,628	1,439
Net Income Growth	-16.28%	6.02%	-0.37%	20.87%	13.09%	53.74%
Shares Outstanding (Basic)	119	119	119	119	119	119
Shares Outstanding (Diluted)	119	119	119	119	119	119
Shares Change (YoY)	-0.01%	-	-	-	-	1.58%
EPS (Basic)	15.34	17.53	16.53	16.60	13.73	12.14
EPS (Diluted)	15.34	17.53	16.53	16.59	13.73	12.14
EPS Growth	-16.27%	6.02%	-0.37%	20.87%	13.09%	51.35%
Free Cash Flow	-	-2,883	96.14	28.83	413.58	1,671
Free Cash Flow Per Share	-	-24.32	0.81	0.24	3.49	14.10
Dividend Per Share	-	1.500	1.500	1.250	1.000	1.000
Dividend Growth	-	-	20.00%	25.00%	-	66.67%
Gross Margin	36.79%	36.28%	37.03%	36.91%	39.35%	37.92%
Operating Margin	7.74%	9.19%	10.24%	11.46%	11.84%	12.32%
Profit Margin	6.30%	7.59%	8.35%	9.89%	10.32%	9.93%
Free Cash Flow Margin	-	-10.54%	0.41%	0.14%	2.62%	11.53%
EBITDA	2,628	2,856	2,675	2,488	2,065	1,979
EBITDA Margin	9.11%	10.43%	11.39%	12.50%	13.10%	13.65%
D&A For EBITDA	393.67	340.83	270.38	207.32	198.08	192.67
EBIT	2,234	2,515	2,404	2,280	1,867	1,786
EBIT Margin	7.74%	9.19%	10.24%	11.46%	11.84%	12.32%
Effective Tax Rate	26.43%	27.05%	27.35%	24.64%	25.60%	26.51%
Revenue as Reported	29,445	27,857	23,917	20,307	16,186	14,826
Advertising Expenses	-	225.37	185.05	119.5	73.33	40.08

Source: S&P Global Market Intelligence. Standard template. Financial Sources.