Shardul Securities 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
Interest and Dividend Income	59.27	52.14	45.74	23.52	16.56	18.26
Total Interest Expense	104.93	11.81	3.77	0.15	0.58	0.02
Net Interest Income	-45.66	40.33	41.97	23.37	15.98	18.24
Brokerage Commission	57.74	73.43	23.41	16.02	17.38	14.14
Trading & Principal Transactions	-	-	-	-67.12	-5.19	1.27
Gain on Sale of Investments (Rev)	477.69	477.69	1,650	79.75	107.62	193.93
Other Revenue	-1,025	23.15	13.45	14.25	18.18	9.16
Revenue Before Loan Losses	-535.21	614.6	1,729	66.27	153.96	236.74
Revenue	-535.21	614.6	1,729	66.27	153.96	236.74
Revenue Growth (YoY)	-	-64.45%	2509.32%	-56.96%	-34.97%	328.74%
Salaries & Employee Benefits	28.68	28.02	13.33	12.6	13.56	13.52
Cost of Services Provided	3.65	3.65	15.16	4.08	1.17	0.75
Other Operating Expenses	141.84	130.66	77.14	17.2	11.68	11.61
Total Operating Expenses	179.3	166.71	109.56	37.57	30.04	29.51
Operating Income	-714.51	447.89	1,620	28.7	123.93	207.23
Other Non-Operating Income (Expenses)	-0.03	-	0.14	-	0.5	0.03
EBT Excluding Unusual Items	-714.54	447.89	1,620	28.7	124.42	207.26
Pretax Income	-714.51	447.92	1,627	28.61	124.45	207.26
Income Tax Expense	-163.61	118.01	649.34	6.54	28.16	51.8
Net Income	-550.9	329.91	978.09	22.07	96.3	155.46
Net Income to Common	-550.9	329.91	978.09	22.07	96.3	155.46
Net Income Growth	-	-66.27%	4331.57%	-77.08%	-38.06%	-
Shares Outstanding (Basic)	87	87	87	87	87	87
Shares Outstanding (Diluted)	87	87	87	87	87	87
EPS (Basic)	-6.30	3.77	11.18	0.25	1.10	1.78
EPS (Diluted)	-6.30	3.77	11.18	0.25	1.10	1.78
EPS Growth	-	-66.28%	4336.19%	-77.09%	-38.06%	-
Free Cash Flow	-	-366.17	208.6	-184.5	82.29	-97.25
Free Cash Flow Per Share	-	-4.18	2.38	-2.11	0.94	-1.11
Operating Margin	-	72.88%	93.66%	43.31%	80.49%	87.53%
Profit Margin	-	53.68%	56.57%	33.31%	62.55%	65.67%
Free Cash Flow Margin	-	-59.58%	12.06%	-278.42%	53.45%	-41.08%
Effective Tax Rate	-	26.35%	39.90%	22.84%	22.62%	24.99%
Revenue as Reported	-	626.45	1,741	66.42	155.07	236.8

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