Ashirwad Capital 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
Operating Revenue	14.52	10.34	16.41	7.63	10.92
Other Revenue	2.48	1.99	2.36	1.99	1.31
Revenue	17	12.33	18.76	9.63	12.23
Revenue Growth (YoY)	37.93%	-34.32%	94.95%	-21.27%	73.65%
Cost of Revenue	-0.01	-0.06	0.07	-	-
Gross Profit	17.01	12.39	18.7	9.63	12.23
Selling, General & Admin	0.22	0.24	0.16	0.2	0.16
Other Operating Expenses	1.98	1.44	1.15	0.85	0.79
Operating Expenses	2.3	1.75	1.38	1.13	1.03
Operating Income	14.71	10.64	17.32	8.5	11.2
Interest Expense	-2.86	-0.82	-	-	-
EBT Excluding Unusual Items	11.85	9.82	17.32	8.5	11.2
Pretax Income	11.85	9.82	17.32	8.5	11.2
Income Tax Expense	1.5	1.39	1.84	0.91	1.29
Net Income	10.36	8.43	15.48	7.59	9.91
Net Income to Common	10.36	8.43	15.48	7.59	9.91
Net Income Growth	22.84%	-45.55%	103.99%	-23.40%	72.18%
Shares Outstanding (Basic)	86	94	91	88	89
Shares Outstanding (Diluted)	86	94	91	88	89
Shares Change (YoY)	-7.87%	2.84%	4.04%	-1.85%	-3.61%
EPS (Basic)	0.12	0.09	0.17	0.09	0.11
EPS (Diluted)	0.12	0.09	0.17	0.09	0.11
EPS Growth	33.33%	-47.06%	96.08%	-21.96%	78.62%
Free Cash Flow	0.46	21.48	-12.76	-16.5	-0.39
Free Cash Flow Per Share	0.01	0.23	-0.14	-0.19	-0.00
Gross Margin	100.04%	100.50%	99.63%	100.00%	100.00%
Operating Margin	86.54%	86.30%	92.29%	88.28%	91.62%
Profit Margin	60.91%	68.40%	82.51%	78.86%	81.05%
Free Cash Flow Margin	2.69%	174.28%	-67.99%	-171.43%	-3.15%
EBITDA	14.82	10.71	17.39	8.57	11.28
EBITDA Margin	87.15%	86.87%	92.67%	89.06%	92.26%
D&A For EBITDA	0.1	0.07	0.07	0.08	0.08
EBIT	14.71	10.64	17.32	8.5	11.2
EBIT Margin	86.54%	86.30%	92.29%	88.28%	91.62%
Effective Tax Rate	12.62%	14.15%	10.60%	10.67%	11.53%
Revenue as Reported	17	12.33	18.76	9.63	12.23
Advertising Expenses	-	0.02	0.02	0.02	0.02