Black Box Balance Sheet

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
Cash & Equivalents	-	2,138	2,141	1,999	3,017	3,570
Cash & Short-Term Investments	2,860	2,138	2,141	1,999	3,017	3,570
Cash Growth	-1.64%	-0.14%	7.07%	-33.73%	-15.50%	13.03%
Accounts Receivable	-	7,857	6,325	5,347	4,187	2,434
Other Receivables	-	5,189	5,039	6,748	5,566	3,848
Receivables	-	13,046	11,365	12,095	9,752	6,283
Inventory	-	2,097	2,464	3,620	2,259	1,488
Prepaid Expenses	-	804.2	470.9	1,628	2,107	1,445
Restricted Cash	-	85.5	83.4	82.2	-	73.2
Other Current Assets	-	3,134	1,843	838.8	932	2,685
Total Current Assets	-	21,304	18,367	20,263	18,067	15,544
Property, Plant & Equipment	-	3,561	4,116	4,197	3,847	3,098
Long-Term Investments	-	328	320.7	304	-	-
Goodwill	-	3,354	3,341	3,160	3,004	2,692
Other Intangible Assets	-	770.4	625.2	608.1	474.2	432.7
Long-Term Deferred Tax Assets	-	231	245.7	198.2	171.4	185.4
Other Long-Term Assets	-	1,174	989.6	1,293	958.3	1,079
Total Assets	-	30,721	28,005	30,023	26,522	23,031
Accounts Payable	-	5,556	7,222	11,581	10,089	5,156
Accrued Expenses	-	1,651	1,484	2,381	1,948	3,607
Short-Term Debt	-	73.8	132.9	255.5	255	327.6
Current Portion of Long-Term Debt	-	137.3	221.8	214.5	195.9	403.8
Current Portion of Leases	-	542.3	483.7	544.5	903.8	577.7
Current Income Taxes Payable	-	225.7	217.6	96.9	81	681.5
Current Unearned Revenue	-	4,586	5,012	5,050	4,717	5,001
Other Current Liabilities	-	844.8	990.8	311.3	961.6	1,183
Total Current Liabilities	-	13,617	15,765	20,435	19,151	16,938
Long-Term Debt	-	6,326	3,618	3,050	2,289	1,194
Long-Term Leases	-	2,342	2,666	2,216	1,165	941.8
Long-Term Unearned Revenue	-	411.7	537.1	548.2	509.8	247.5
Pension & Post-Retirement Benefits	-	292.9	497.9	685	693.4	771.7
Other Long-Term Liabilities	-	145.3	111.8	128.7	110.1	871.2
Total Liabilities	-	23,134	23,195	27,063	23,918	20,964
Common Stock	-	338.7	336.1	335.8	328.1	325.3
Additional Paid-In Capital	-	2,386	2,729	2,725	2,231	2,204
Retained Earnings	-	4,393	1,271	-105.9	-342.9	-1,070
Comprehensive Income & Other	-	469.1	472.9	5	387.7	608.2
Total Common Equity	9,049	7,587	4,809	2,960	2,604	2,067
Shareholders' Equity	9,049	7,587	4,809	2,960	2,604	2,067
Total Liabilities & Equity	-	30,721	28,005	30,023	26,522	23,031
Total Debt	10,384	9,421	7,123	6,281	4,808	3,445
Net Cash (Debt)	-7,523	-7,283	-4,982	-4,281	-1,791	125.6
Net Cash Per Share	-43.98	-43.08	-29.60	-25.53	-10.80	0.83
Filing Date Shares Outstanding	170.35	169.35	168.03	167.9	164.06	162.64
Total Common Shares Outstanding	170.35	169.35	168.03	167.9	164.06	162.64
Working Capital	-	7,687	2,602	-171.8	-1,084	-1,394
Book Value Per Share	53.22	44.80	28.62	17.63	15.87	12.71
Tangible Book Value	4,738	3,463	842.9	-807.5	-873.7	-1,058
Tangible Book Value Per Share	27.87	20.45	5.02	-4.81	-5.33	-6.50
Land	-	-	-	4	192.9	186.9
Buildings	-	7.5	7.5	494.7	901.1	873.2
Machinery	-	2,290	2,245	2,006	2,030	1,629
Leasehold Improvements	-	193.4	180	175.3	105.6	84.1

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