Panjon 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	493.34	304.58	125.52	60.91	84.32	145.39
Other Revenue	-0	-0	-	-	-	-
Revenue	493.34	304.58	125.52	60.91	84.32	145.39
Revenue Growth (YoY)	125.97%	142.65%	106.07%	-27.76%	-42.00%	-27.66%
Cost of Revenue	398.99	256.28	90.63	21.7	45.57	118.4
Gross Profit	94.35	48.3	34.9	39.21	38.76	26.99
Selling, General & Admin	36.53	22.98	17.25	16.96	14.67	8.42
Other Operating Expenses	47.32	19.07	18.09	22.32	64.54	16.68
Operating Expenses	86.25	44.39	37.51	41.39	81.24	27.36
Operating Income	8.1	3.9	-2.61	-2.18	-42.48	-0.36
Interest Expense	-2.28	-1.71	-0.35	-0.47	-0.64	-0.98
Interest & Investment Income	3.08	3.08	4.53	3.82	2.97	3.27
Other Non Operating Income (Expenses)	-1.28	0	-	-	-	-
EBT Excluding Unusual Items	7.62	5.27	1.57	1.18	-40.15	1.92
Pretax Income	7.62	5.27	1.57	1.18	-40.15	1.92
Income Tax Expense	1.31	1.31	0.06	-6.92	1.37	0.96
Net Income	6.31	3.96	1.51	8.1	-41.52	0.96
Net Income to Common	6.31	3.96	1.51	8.1	-41.52	0.96
Net Income Growth	81.20%	161.64%	-81.31%	-	-	-21.06%
Shares Outstanding (Basic)	-	17	16	15	15	15
Shares Outstanding (Diluted)	-	17	16	15	15	15
Shares Change (YoY)	-	9.23%	0.16%	-	-	-
EPS (Basic)	-	0.23	0.10	0.52	-2.68	0.06
EPS (Diluted)	-	0.23	0.10	0.52	-2.68	0.06
EPS Growth	-	139.53%	-81.34%	-	-	-21.19%
Free Cash Flow	-	-47.65	-6.26	-1.35	16.37	2.71
Free Cash Flow Per Share	-	-2.81	-0.40	-0.09	1.06	0.17
Gross Margin	19.12%	15.86%	27.80%	64.37%	45.96%	18.57%
Operating Margin	1.64%	1.28%	-2.08%	-3.57%	-50.38%	-0.25%
Profit Margin	1.28%	1.30%	1.21%	13.30%	-49.24%	0.66%
Free Cash Flow Margin	-	-15.65%	-4.98%	-2.22%	19.41%	1.86%
EBITDA	10.58	6.25	-0.44	-0.07	-40.45	1.89
EBITDA Margin	2.14%	2.05%	-0.35%	-0.11%	-47.97%	1.30%
D&A For EBITDA	2.48	2.34	2.17	2.11	2.03	2.25
EBIT	8.1	3.9	-2.61	-2.18	-42.48	-0.36
EBIT Margin	1.64%	1.28%	-2.08%	-3.57%	-50.38%	-0.25%
Effective Tax Rate	17.22%	24.88%	3.81%	-	-	50.00%
Revenue as Reported	495.09	307.66	130.05	64.74	87.3	148.66
Advertising Expenses	-	16	11.27	12.3	10.05	4.23

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.