Garware Synthetics 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	106.76	107.3	107	114.01	127.01	82.66
Other Revenue	2.7	2.7	0.1	-	-	0
Revenue	109.46	110	107.1	114.01	127.01	82.66
Revenue Growth (YoY)	3.28%	2.71%	-6.06%	-10.24%	53.65%	-9.30%
Cost of Revenue	53.4	61.96	58.25	66.17	72.35	38.05
Gross Profit	56.06	48.04	48.85	47.84	54.66	44.61
Selling, General & Admin	23.9	22.86	22.18	20.33	21.53	18.34
Other Operating Expenses	21.64	21.95	22.88	21.93	21.75	15.66
Operating Expenses	49.97	49.21	49.46	46.95	45.92	34.22
Operating Income	6.09	-1.18	-0.6	0.89	8.74	10.39
Interest Expense	-0.12	-1.11	-3.68	-3.29	-5.91	-4.31
Interest & Investment Income	0.18	0.18	0.09	0.57	0.02	0.01
Other Non Operating Income (Expenses)	-0.07	0.01	-0	3.17	3.32	-0
EBT Excluding Unusual Items	6.09	-2.1	-4.19	1.33	6.17	6.09
Asset Writedown	-	-	-	-	-1.72	-
Other Unusual Items	0.18	2.77	2.75	2.2	1.12	-
Pretax Income	6.26	0.68	-1.44	3.53	5.57	6.09
Income Tax Expense	1.62	0.55	-0.97	-2.25	3.27	0.26
Net Income	4.64	0.13	-0.48	5.78	2.3	5.83
Net Income to Common	4.64	0.13	-0.48	5.78	2.3	5.83
Net Income Growth	212.94%	-	-	151.17%	-60.52%	427.91%
Shares Outstanding (Basic)	6	6	6	6	6	6
Shares Outstanding (Diluted)	6	6	6	6	6	6
Shares Change (YoY)	2.82%	-	-	-	-	0.00%
EPS (Basic)	0.79	0.02	-0.08	1.00	0.40	1.00
EPS (Diluted)	0.79	0.02	-0.08	1.00	0.40	1.00
EPS Growth	203.01%	-	-	151.17%	-60.37%	425.91%
Free Cash Flow	-	0.08	3.85	5.69	6.92	3.97
Free Cash Flow Per Share	-	0.01	0.66	0.98	1.19	0.68
Gross Margin	51.22%	43.67%	45.62%	41.96%	43.04%	53.96%
Operating Margin	5.57%	-1.07%	-0.56%	0.78%	6.88%	12.57%
Profit Margin	4.24%	0.12%	-0.45%	5.07%	1.81%	7.05%
Free Cash Flow Margin	-	0.07%	3.59%	4.99%	5.45%	4.81%
EBITDA	4.45	-0.23	3.8	5.58	11.38	10.61
EBITDA Margin	4.07%	-0.21%	3.55%	4.89%	8.96%	12.83%
D&A For EBITDA	-1.64	0.95	4.4	4.69	2.64	0.21
EBIT	6.09	-1.18	-0.6	0.89	8.74	10.39
EBIT Margin	5.57%	-1.07%	-0.56%	0.78%	6.88%	12.57%
Effective Tax Rate	25.84%	80.77%	-	-	58.66%	4.22%
Revenue as Reported	109.57	110.18	107.19	114.8	130.35	82.67
Advertising Expenses	-	0.08	0.09	0.13	0.11	0.1

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