Maharashtra Seamless 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	48,120	52,687	54,041	57,164	42,108	23,083
Other Revenue	498.8	498.8	498.1	-	-	-
Revenue	48,619	53,185	54,539	57,164	42,108	23,083
Revenue Growth (YoY)	-4.03%	-2.48%	-4.59%	35.75%	82.42%	-12.72%
Cost of Revenue	31,256	33,827	33,486	37,901	29,074	14,209
Gross Profit	17,363	19,359	21,054	19,263	13,034	8,875
Selling, General & Admin	1,381	1,308	1,183	1,026	842.1	749.05
Other Operating Expenses	8,155	8,307	7,122	7,943	6,043	3,428
Operating Expenses	10,579	10,624	9,402	10,346	8,263	5,392
Operating Income	6,785	8,734	11,652	8,916	4,771	3,483
Interest Expense	-22.3	-27.6	-84.7	-383.2	-395.33	-511.11
Interest & Investment Income	695	695	404.5	479.9	439.29	420.66
Earnings From Equity Investments	-104.6	-135.9	-225.9	-294.3	-292.73	-263.14
Currency Exchange Gain (Loss)	4.5	4.5	8.4	177.1	48.77	281.66
Other Non Operating Income (Expenses)	3,151	369.1	214.8	215.9	339.25	38.11
EBT Excluding Unusual Items	10,508	9,639	11,969	9,112	4,910	3,449
Gain (Loss) on Sale of Investments	362.8	362.8	259	124.6	201.59	60.04
Gain (Loss) on Sale of Assets	0.1	0.1	0.1	0.2	0.28	1.41
Other Unusual Items	-	-	-	-	-	-1,785
Pretax Income	10,871	10,002	12,228	9,237	5,112	1,726
Income Tax Expense	2,467	2,229	2,712	1,560	-1,805	511.32
Earnings From Continuing Operations	8,405	7,774	9,517	7,676	6,916	1,214
Minority Interest in Earnings	0.4	1.4	-3.6	-28.7	0.79	-234.05
Net Income	8,405	7,775	9,513	7,648	6,917	980.38
Net Income to Common	8,405	7,775	9,513	7,648	6,917	980.38
Net Income Growth	6.47%	-18.27%	24.39%	10.56%	605.56%	16.89%
Shares Outstanding (Basic)	134	134	134	134	134	134
Shares Outstanding (Diluted)	134	134	134	134	134	134
Shares Change (YoY)	0.01%	-	-	-	-	-
EPS (Basic)	62.72	58.02	70.99	57.07	51.62	7.32
EPS (Diluted)	62.72	58.02	70.99	57.07	51.62	7.32
EPS Growth	6.46%	-18.27%	24.39%	10.56%	605.56%	16.89%
Free Cash Flow	-	5,864	10,093	8,930	-2,777	4,274
Free Cash Flow Per Share	-	43.76	75.32	66.64	-20.72	31.90
Dividend Per Share	-	10.000	10.000	5.000	2.500	1.750
Dividend Growth	-	-	100.00%	100.00%	42.86%	40.00%
Gross Margin	35.71%	36.40%	38.60%	33.70%	30.95%	38.45%
Operating Margin	13.96%	16.42%	21.36%	15.60%	11.33%	15.09%
Profit Margin	17.29%	14.62%	17.44%	13.38%	16.43%	4.25%
Free Cash Flow Margin	-	11.03%	18.51%	15.62%	-6.59%	18.52%
EBITDA	7,728	9,743	12,749	10,294	6,149	4,698
EBITDA Margin	15.90%	18.32%	23.38%	18.01%	14.60%	20.35%
D&A For EBITDA	943.2	1,009	1,097	1,377	1,379	1,215
EBIT	6,785	8,734	11,652	8,916	4,771	3,483
EBIT Margin	13.96%	16.42%	21.36%	15.60%	11.33%	15.09%
Effective Tax Rate	22.69%	22.28%	22.17%	16.89%	-	29.63%
Revenue as Reported	52,874	54,659	55,463	58,052	43,217	23,957
Advertising Expenses	-	60.9	75.5	52.9	14.43	6.3

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