B. N. Rathi Securities Income Statement

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Total Interest Expense	7.5	5.95	8.09	16.54	10.36
Net Interest Income	-7.5	-5.95	-8.09	-16.54	-10.36
Brokerage Commission	417.45	363.8	369.74	319.9	308.1
Gain on Sale of Investments (Rev)	-	4.36	10.49	-	0.06
Other Revenue	215.75	213.14	189.59	149.09	124
Revenue	625.69	575.35	561.74	452.46	421.8
Revenue Growth (YoY)	8.75%	2.42%	24.15%	7.27%	29.74%
Salaries & Employee Benefits	93.07	100.31	78.64	64.99	58.64
Cost of Services Provided	285.05	245.88	241.02	190.46	193.86
Other Operating Expenses	107.27	93.46	89.44	83.87	96.96
Total Operating Expenses	490.75	446.19	413.07	342.96	352.58
Operating Income	134.94	129.16	148.67	109.5	69.22
Other Non-Operating Income (Expenses)	-	-2.65	-2.38	-2.18	-2.12
EBT Excluding Unusual Items	134.94	126.51	146.28	107.32	67.11
Gain (Loss) on Sale of Investments	-	-	-4.34	-1.01	-
Other Unusual Items	-	-	-	-2.5	-
Pretax Income	134.94	126.62	141.51	103.81	67.11
Income Tax Expense	40.73	32.75	36.17	28.02	17.04
Earnings From Continuing Ops.	94.21	93.87	105.34	75.79	50.07
Minority Interest in Earnings	0.14	0.77	-	-	-
Net Income	94.36	94.64	105.34	75.79	50.07
Net Income to Common	94.36	94.64	105.34	75.79	50.07
Net Income Growth	-0.30%	-10.16%	38.99%	51.37%	37.67%
Shares Outstanding (Basic)	42	41	37	34	23
Shares Outstanding (Diluted)	42	42	37	34	23
Shares Change (YoY)	0.45%	13.96%	9.03%	47.77%	12.78%
EPS (Basic)	2.27	2.30	2.88	2.26	2.20
EPS (Diluted)	2.25	2.30	2.77	2.26	2.20
EPS Growth	-2.06%	-17.06%	22.80%	2.44%	22.07%
Free Cash Flow	103.56	-231.75	35.72	-53.33	405.46
Free Cash Flow Per Share	2.47	-5.55	0.97	-1.59	17.83
Dividend Per Share	0.500	0.500	0.375	0.375	0.250
Dividend Growth	-	33.33%	-	50.00%	-16.67%
Operating Margin	21.57%	22.45%	26.47%	24.20%	16.41%
Profit Margin	15.08%	16.45%	18.75%	16.75%	11.87%
Free Cash Flow Margin	16.55%	-40.28%	6.36%	-11.79%	96.13%
Effective Tax Rate	30.18%	25.86%	25.56%	26.99%	25.39%
Revenue as Reported	633.2	581.41	569.82	468.99	432.23

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