Minal Industries Limited (BOM:522235)

Minal Industries Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Operating Revenue	469.8	511.18	378.47	267.98	282.36	140.03
Revenue	469.8	511.18	378.47	267.98	282.36	140.03
Revenue Growth (YoY)	-6.78%	35.07%	41.23%	-5.10%	101.64%	-63.62%
Cost of Revenue	326.52	339.81	227.39	150.58	161.58	102.92
Gross Profit	143.29	171.37	151.07	117.39	120.79	37.12
Selling, General & Admin	40.47	37.05	38.72	21.34	22.7	12.91
Other Operating Expenses	66.51	88.61	104.42	98.48	99.67	78.07
Operating Expenses	112.48	131.12	148.41	126.64	129.71	98.51
Operating Income	30.81	40.24	2.66	-9.24	-8.93	-61.39
Interest Expense	-0.86	-1.33	-0.52	-17.01	-0.89	-1.18
Interest & Investment Income	2.33	2.33	14.33	21.65	3.91	1.04
Earnings From Equity Investments	0.04	0.04	0.06	-0.05	-	-0.23
Currency Exchange Gain (Loss)	0.77	0.77	8.19	1.74	17.41	4.53
Other Non Operating Income (Expenses)	-0.24	-0.22	-0.67	-0.1	-1.57	5.75
EBT Excluding Unusual Items	32.86	41.83	24.05	-3.01	9.93	-51.48
Other Unusual Items	-	-	-40.9	-	-	-
Pretax Income	32.86	41.83	-16.85	-3.01	9.93	-51.48
Income Tax Expense	-2.06	-0.27	3.93	0.17	3.29	-3.7
Earnings From Continuing Operations	34.91	42.1	-20.79	-3.18	6.64	-47.78
Minority Interest in Earnings	-20.04	-26.97	-7.48	6.32	-2.56	26.92
Net Income	14.87	15.13	-28.26	3.14	4.08	-20.86
Net Income to Common	14.87	15.13	-28.26	3.14	4.08	-20.86
Net Income Growth	566.95%	-	-	-23.10%	-	-
Shares Outstanding (Basic)	-	192	192	192	192	192
Shares Outstanding (Diluted)	-	192	192	192	192	192
EPS (Basic)	-	0.08	-0.15	0.02	0.02	-0.11
EPS (Diluted)	-	0.08	-0.15	0.02	0.02	-0.11
EPS Growth	-	-	-	-23.10%	-	-
Free Cash Flow	95.86	35.67	-12.39	-28.23	-174.71	48.82
Free Cash Flow Per Share	-	0.19	-0.07	-0.15	-0.91	0.25
Gross Margin	30.50%	33.52%	39.92%	43.81%	42.78%	26.50%
Operating Margin	6.56%	7.87%	0.70%	-3.45%	-3.16%	-43.84%
Profit Margin	3.17%	2.96%	-7.47%	1.17%	1.45%	-14.89%
Free Cash Flow Margin	20.41%	6.98%	-3.27%	-10.53%	-61.88%	34.87%
EBITDA	34.99	44.39	6.76	-4.07	-4.97	-57.25
EBITDA Margin	7.45%	8.68%	1.79%	-1.52%	-1.76%	-40.88%
D&A For EBITDA	4.18	4.14	4.09	5.17	3.96	4.14
EBIT	30.81	40.24	2.66	-9.24	-8.93	-61.39
EBIT Margin	6.56%	7.87%	0.70%	-3.45%	-3.16%	-43.84%
Effective Tax Rate	-	-	-	-	33.14%	-
Revenue as Reported	483.99	521.57	401.76	291.36	305.34	152.83
Advertising Expenses	-	0.06	0.01	0.04	1.18	0.04

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