B. N. Rathi 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
Total Interest Expense	4.62	5.95	8.09	16.54	10.36	6.05
Net Interest Income	-4.62	-5.95	-8.09	-16.54	-10.36	-6.05
Brokerage Commission	374.64	363.8	369.74	319.9	308.1	234.32
Gain on Sale of Investments (Rev)	4.36	4.36	10.49	-	0.06	-
Other Revenue	184.08	213.14	189.59	149.09	124	96.84
Revenue	558.46	575.35	561.74	452.46	421.8	325.1
Revenue Growth (YoY)	-11.96%	2.42%	24.15%	7.27%	29.74%	24.98%
Salaries & Employee Benefits	92.79	100.31	78.64	64.99	58.64	56.77
Cost of Services Provided	264.44	245.88	241.02	190.46	193.86	137.5
Other Operating Expenses	86.29	93.46	89.44	83.87	96.96	73.63
Total Operating Expenses	448.96	446.19	413.07	342.96	352.58	270.23
Operating Income	109.5	129.16	148.67	109.5	69.22	54.88
Other Non-Operating Income (Expenses)	-2.65	-2.65	-2.38	-2.18	-2.12	-1.17
EBT Excluding Unusual Items	106.86	126.51	146.28	107.32	67.11	53.71
Gain (Loss) on Sale of Investments	-	-	-4.34	-1.01	-	-0.51
Other Unusual Items	-	-	-	-2.5	-	-
Pretax Income	106.97	126.62	141.51	103.81	67.11	53.19
Income Tax Expense	35.27	32.75	36.17	28.02	17.04	16.83
Earnings From Continuing Ops.	71.69	93.87	105.34	75.79	50.07	36.37
Minority Interest in Earnings	0.2	0.77	-	-	-	-
Net Income	71.89	94.64	105.34	75.79	50.07	36.37
Net Income to Common	71.89	94.64	105.34	75.79	50.07	36.37
Net Income Growth	-36.80%	-10.16%	38.99%	51.37%	37.67%	113.74%
Shares Outstanding (Basic)	64	41	37	34	23	20
Shares Outstanding (Diluted)	65	42	37	34	23	20
Shares Change (YoY)	54.90%	13.96%	9.03%	47.77%	12.78%	-
EPS (Basic)	1.12	2.30	2.88	2.26	2.20	1.80
EPS (Diluted)	1.12	2.30	2.77	2.26	2.20	1.80
EPS Growth	-58.74%	-17.06%	22.80%	2.44%	22.07%	113.74%
Free Cash Flow	-	-231.75	35.72	-53.33	405.46	306.33
Free Cash Flow Per Share	-	-5.55	0.97	-1.59	17.83	15.20
Dividend Per Share	-	0.500	0.375	0.375	0.250	0.300
Dividend Growth	-	33.33%	-	50.00%	-16.67%	20.00%
Operating Margin	19.61%	22.45%	26.47%	24.20%	16.41%	16.88%
Profit Margin	12.87%	16.45%	18.75%	16.75%	11.87%	11.19%
Free Cash Flow Margin	-	-40.28%	6.36%	-11.79%	96.13%	94.23%
Effective Tax Rate	32.98%	25.86%	25.56%	26.99%	25.39%	31.63%
Revenue as Reported	563.19	581.41	569.82	468.99	432.23	331.15

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