National Standard (India) Income Statement

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	204.18	223.3	213.73	173.45	254.64
Revenue Growth (YoY)	-8.56%	4.47%	23.22%	-31.88%	51.05%
Cost of Revenue	202.02	199.79	170.14	133.23	97.9
Gross Profit	2.16	23.51	43.6	40.22	156.74
Selling, General & Admin	1.27	0.97	1.08	1.29	1.16
Other Operating Expenses	63.49	13.89	3.39	23.96	5.63
Operating Expenses	64.76	15.04	4.51	25.3	7.96
Operating Income	-62.6	8.47	39.09	14.93	148.78
Interest Expense	-	-	-0.01	-0.51	-0.78
Interest & Investment Income	-	174.24	160.06	105.68	111.09
Other Non Operating Income (Expenses)	195.4	-	0.34	0.08	0.52
EBT Excluding Unusual Items	132.79	182.7	199.47	120.18	259.61
Gain (Loss) on Sale of Assets	-	-	-	-	79.54
Pretax Income	132.79	182.7	199.47	120.18	339.15
Income Tax Expense	36.2	50.71	52.09	37.7	93.07
Net Income	96.59	131.99	147.39	82.48	246.08
Net Income to Common	96.59	131.99	147.39	82.48	246.08
Net Income Growth	-26.82%	-10.45%	78.70%	-66.48%	122.63%
Shares Outstanding (Basic)	20	20	20	20	20
Shares Outstanding (Diluted)	20	20	20	20	20
Shares Change (YoY)	-0.01%	-	-	-	-
EPS (Basic)	4.83	6.60	7.37	4.12	12.30
EPS (Diluted)	4.83	6.60	7.37	4.12	12.30
EPS Growth	-26.81%	-10.45%	78.87%	-66.50%	122.56%
Free Cash Flow	-60.24	-82.6	-9.78	128.28	28.87
Free Cash Flow Per Share	-3.01	-4.13	-0.49	6.41	1.44
Gross Margin	1.06%	10.53%	20.40%	23.19%	61.55%
Operating Margin	-30.66%	3.79%	18.29%	8.61%	58.43%
Profit Margin	47.31%	59.11%	68.96%	47.55%	96.64%
Free Cash Flow Margin	-29.50%	-36.99%	-4.58%	73.96%	11.34%
EBITDA	-62.43	8.65	39.13	14.98	149.95
EBITDA Margin	-30.57%	3.87%	18.31%	8.63%	58.89%
D&A For EBITDA	0.18	0.18	0.04	0.05	1.17
EBIT	-62.6	8.47	39.09	14.93	148.78
EBIT Margin	-30.66%	3.79%	18.29%	8.61%	58.43%
Effective Tax Rate	27.26%	27.76%	26.11%	31.37%	27.44%
Revenue as Reported	399.58	404.64	378.93	279.21	448.5
Advertising Expenses	-	0.1	0.11	0.08	0.09

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