The Sandesh 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	3,039	2,942	3,221	3,408	3,088	2,737
Other Revenue	691.12	372.99	1,657	387.92	271.38	471.94
Revenue	3,731	3,315	4,878	3,796	3,360	3,209
Revenue Growth (YoY)	-9.46%	-32.04%	28.51%	12.97%	4.69%	-9.56%
Cost of Revenue	1,308	1,317	1,473	1,730	1,527	1,216
Gross Profit	2,422	1,998	3,404	2,066	1,833	1,993
Other Operating Expenses	924.32	940.65	929.87	728.66	796.79	762.51
Operating Expenses	998.54	1,014	996.14	787.43	861.05	831.87
Operating Income	1,424	984.15	2,408	1,279	971.51	1,161
Interest Expense	-1.57	-2.04	-2.57	-1.5	-2	-4.61
Interest & Investment Income	0.01	0.01	0.01	-	-	-
Currency Exchange Gain (Loss)	-	-	-0.14	-	-	-
EBT Excluding Unusual Items	1,422	982.12	2,406	1,277	969.5	1,157
Gain (Loss) on Sale of Assets	-	-	0.99	38.77	189.05	0.22
Other Unusual Items	-20.34	4.75	1.26	19.58	23.02	15.28
Pretax Income	1,402	986.87	2,408	1,335	1,182	1,172
Income Tax Expense	305.58	215.66	521.99	321.26	283.32	272.52
Net Income	1,096	771.22	1,886	1,014	898.25	899.83
Net Income to Common	1,096	771.22	1,886	1,014	898.25	899.83
Net Income Growth	-21.59%	-59.10%	85.96%	12.90%	-0.18%	47.27%
Shares Outstanding (Basic)	7	8	8	8	8	8
Shares Outstanding (Diluted)	7	8	8	8	8	8
EPS (Basic)	146.56	101.89	249.16	133.99	118.68	118.88
EPS (Diluted)	146.56	101.89	249.16	133.98	118.67	118.88
EPS Growth	-20.64%	-59.10%	85.97%	12.90%	-0.18%	47.27%
Free Cash Flow	-	642.03	1,491	808.64	217.71	482.52
Free Cash Flow Per Share	-	84.82	197.05	106.83	28.76	63.75
Dividend Per Share	2.500	5.000	5.000	5.000	5.000	5.000
Gross Margin	64.93%	60.27%	69.80%	54.43%	54.54%	62.11%
Operating Margin	38.16%	29.69%	49.37%	33.68%	28.92%	36.19%
Profit Margin	29.38%	23.27%	38.66%	26.72%	26.74%	28.04%
Free Cash Flow Margin	-	19.37%	30.58%	21.30%	6.48%	15.04%
EBITDA	1,502	1,057	2,474	1,337	1,036	1,231
EBITDA Margin	40.26%	31.90%	50.73%	35.23%	30.83%	38.35%
D&A For EBITDA	78.37	73.14	66.17	58.75	64.25	69.36
EBIT	1,424	984.15	2,408	1,279	971.51	1,161
EBIT Margin	38.16%	29.69%	49.37%	33.68%	28.92%	36.19%
Effective Tax Rate	21.80%	21.85%	21.68%	24.06%	23.98%	23.25%
Revenue as Reported	3,731	3,315	4,879	3,834	3,549	3,209

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