National Standard (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
Revenue	232.25	223.3	213.73	173.45	254.64	168.58
Revenue Growth (YoY)	-7.50%	4.47%	23.22%	-31.88%	51.05%	212.88%
Cost of Revenue	230.3	199.79	170.14	133.23	97.9	143.98
Gross Profit	1.95	23.51	43.6	40.22	156.74	24.6
Selling, General & Admin	1.34	0.97	1.08	1.29	1.16	0.72
Other Operating Expenses	27.25	13.89	3.39	23.96	5.63	6.95
Operating Expenses	28.75	15.04	4.51	25.3	7.96	10.09
Operating Income	-26.8	8.47	39.09	14.93	148.78	14.52
Interest Expense	-	-	-0.01	-0.51	-0.78	-2.11
Interest & Investment Income	174.24	174.24	160.06	105.68	111.09	98.02
Other Non Operating Income (Expenses)	17.7	-	0.34	0.08	0.52	7.59
EBT Excluding Unusual Items	165.13	182.7	199.47	120.18	259.61	118.01
Gain (Loss) on Sale of Assets	-	-	-	-	79.54	39.49
Pretax Income	165.13	182.7	199.47	120.18	339.15	157.5
Income Tax Expense	44.19	50.71	52.09	37.7	93.07	46.97
Net Income	120.95	131.99	147.39	82.48	246.08	110.53
Net Income to Common	120.95	131.99	147.39	82.48	246.08	110.53
Net Income Growth	-12.49%	-10.45%	78.70%	-66.48%	122.63%	69.38%
Shares Outstanding (Basic)	20	20	20	20	20	20
Shares Outstanding (Diluted)	20	20	20	20	20	20
Shares Change (YoY)	-0.06%	-	-	-	-	-
EPS (Basic)	6.05	6.60	7.37	4.12	12.30	5.53
EPS (Diluted)	6.05	6.60	7.37	4.12	12.30	5.53
EPS Growth	-12.44%	-10.45%	78.87%	-66.50%	122.56%	69.53%
Free Cash Flow	-	-82.6	-9.78	128.28	28.87	13.7
Free Cash Flow Per Share	-	-4.13	-0.49	6.41	1.44	0.69
Gross Margin	0.84%	10.53%	20.40%	23.19%	61.55%	14.59%
Operating Margin	-11.54%	3.79%	18.29%	8.61%	58.43%	8.61%
Profit Margin	52.08%	59.11%	68.96%	47.55%	96.64%	65.57%
Free Cash Flow Margin	-	-36.99%	-4.58%	73.96%	11.34%	8.12%
EBITDA	-26.52	8.65	39.13	14.98	149.95	16.94
EBITDA Margin	-11.42%	3.87%	18.31%	8.63%	58.89%	10.05%
D&A For EBITDA	0.28	0.18	0.04	0.05	1.17	2.42
EBIT	-26.8	8.47	39.09	14.93	148.78	14.52
EBIT Margin	-11.54%	3.79%	18.29%	8.61%	58.43%	8.61%
Effective Tax Rate	26.76%	27.76%	26.11%	31.37%	27.44%	29.82%
Revenue as Reported	431.29	404.64	378.93	279.21	448.5	313.68
Advertising Expenses	-	0.1	0.11	0.08	0.09	0.13

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