Lactose (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	1,453	1,164	1,139	657.96	459.39	349.63
Revenue	1,453	1,164	1,139	657.96	459.39	349.63
Revenue Growth (YoY)	23.10%	2.20%	73.09%	43.23%	31.39%	-12.70%
Cost of Revenue	1,043	772.1	755.89	413.83	87.4	59.99
Gross Profit	409.58	391.89	383.01	244.13	371.99	289.64
Selling, General & Admin	155.8	140.98	119.27	82.59	138.04	123.02
Other Operating Expenses	89.14	78.66	71.29	45.65	110.38	103.41
Operating Expenses	301.29	273.55	242.74	175.09	294.01	270.02
Operating Income	108.29	118.35	140.27	69.04	77.98	19.63
Interest Expense	-46.58	-52.67	-52.23	-59.48	-50.96	-54.28
Interest & Investment Income	6.67	6.67	3.75	3.49	2.15	1.5
Currency Exchange Gain (Loss)	4.47	4.47	5.05	1.35	1.82	0.56
Other Non Operating Income (Expenses)	-4.6	-7.98	-0.3	-	-0.2	-0.2
EBT Excluding Unusual Items	68.25	68.83	96.54	14.39	30.79	-32.79
Gain (Loss) on Sale of Investments	-	-	-	-	0.87	0.09
Gain (Loss) on Sale of Assets	0.35	0.35	0.1	0.26	-	-
Pretax Income	68.6	69.18	96.64	14.64	31.66	-32.71
Income Tax Expense	20.32	17.55	28.75	2.56	7.15	-7.93
Net Income	48.28	51.63	67.89	12.09	24.51	-24.78
Net Income to Common	48.28	51.63	67.89	12.09	24.51	-24.78
Net Income Growth	-30.22%	-23.95%	461.77%	-50.70%	-	-
Shares Outstanding (Basic)	12	13	13	13	12	10
Shares Outstanding (Diluted)	13	13	13	13	12	10
Shares Change (YoY)	-0.48%	0.95%	-	7.75%	13.30%	1.21%
EPS (Basic)	3.92	4.10	5.39	0.96	2.10	-2.40
EPS (Diluted)	3.85	4.06	5.39	0.96	2.10	-2.40
EPS Growth	-29.92%	-24.68%	461.48%	-54.24%	-	-
Free Cash Flow	-	-146.7	65.6	63.32	71.44	-33.25
Free Cash Flow Per Share	-	-11.54	5.21	5.03	6.11	-3.22
Gross Margin	28.19%	33.67%	33.63%	37.10%	80.97%	82.84%
Operating Margin	7.45%	10.17%	12.32%	10.49%	16.98%	5.61%
Profit Margin	3.32%	4.44%	5.96%	1.84%	5.34%	-7.09%
Free Cash Flow Margin	-	-12.60%	5.76%	9.62%	15.55%	-9.51%
EBITDA	157.9	166.24	185.88	113.93	121.61	60.72
EBITDA Margin	10.87%	14.28%	16.32%	17.32%	26.47%	17.37%
D&A For EBITDA	49.6	47.89	45.61	44.89	43.63	41.1
EBIT	108.29	118.35	140.27	69.04	77.98	19.63
EBIT Margin	7.45%	10.17%	12.32%	10.49%	16.98%	5.61%
Effective Tax Rate	29.62%	25.37%	29.75%	17.47%	22.58%	-
Revenue as Reported	1,471	1,179	1,150	665.16	465.18	352.76
Advertising Expenses	-	8.96	6.44	1.09	-	1.83

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