Belding 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
Operating Revenue	94.99	211.6	258.22	256.49	295.48	260.61
Other Revenue	-	-	-	-	1.83	-
Revenue	94.99	211.6	258.22	256.49	297.31	260.61
Revenue Growth (YoY)	-58.67%	-18.05%	0.67%	-13.73%	14.08%	-17.20%
Cost of Revenue	88.63	183.04	227.15	226.21	252.52	225.33
Gross Profit	6.37	28.55	31.06	30.28	44.8	35.28
Selling, General & Admin	8.02	16.23	17.26	18.16	17.05	14.03
Other Operating Expenses	6.57	6.9	6.13	5.67	8.37	11.15
Operating Expenses	21.19	24.46	24.93	25.94	28.12	28.81
Operating Income	-14.82	4.1	6.13	4.34	16.67	6.47
Interest Expense	-2.47	-0.72	-4.06	-2.61	-3.12	-4.96
Interest & Investment Income	-	-	0.01	0.06	0.11	0.28
Currency Exchange Gain (Loss)	-0	-0	0.98	0.55	-0.12	3.37
Other Non Operating Income (Expenses)	-0.1	-0.1	-0.05	-0.06	-1.22	-0.18
EBT Excluding Unusual Items	-17.4	3.28	3.01	2.28	12.33	4.98
Pretax Income	12.56	3.28	3.01	2.28	12.33	4.98
Income Tax Expense	2.84	0.86	0.83	0.62	3.14	1.18
Net Income	9.8	2.41	2.18	1.66	9.19	3.8
Net Income to Common	9.8	2.41	2.18	1.66	9.19	3.8
Net Income Growth	110.56%	10.74%	31.45%	-81.97%	141.44%	-17.95%
Shares Outstanding (Basic)	11	1	1	1	1	1
Shares Outstanding (Diluted)	11	1	1	1	1	1
Shares Change (YoY)	1163.74%	-0.42%	-0.10%	0.24%	0.14%	-0.34%
EPS (Basic)	0.89	2.78	2.50	1.90	10.56	4.38
EPS (Diluted)	0.89	2.78	2.50	1.90	10.56	4.38
EPS Growth	-83.34%	11.20%	31.58%	-82.01%	141.10%	-17.67%
Free Cash Flow	-	23.41	19.76	-2.31	1.79	-7.62
Free Cash Flow Per Share	-	26.99	22.68	-2.64	2.06	-8.77
Gross Margin	6.70%	13.49%	12.03%	11.80%	15.07%	13.54%
Operating Margin	-15.60%	1.94%	2.37%	1.69%	5.61%	2.48%
Profit Margin	10.31%	1.14%	0.84%	0.65%	3.09%	1.46%
Free Cash Flow Margin	-	11.06%	7.65%	-0.90%	0.60%	-2.92%
EBITDA	-13.66	5.42	7.67	6.45	19.37	10.1
EBITDA Margin	-14.38%	2.56%	2.97%	2.52%	6.52%	3.87%
D&A For EBITDA	1.17	1.33	1.54	2.11	2.7	3.63
EBIT	-14.82	4.1	6.13	4.34	16.67	6.47
EBIT Margin	-15.60%	1.94%	2.37%	1.69%	5.61%	2.48%
Effective Tax Rate	22.59%	26.40%	27.69%	27.27%	25.50%	23.61%
Revenue as Reported	99.21	211.6	259.23	256.59	297.31	264.26

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