NCL Research & Financial Services Limited (BOM:530557)

BOM:530557 Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Other Revenue	88.27	93.73	113.19	39.56	18.78	18.46
Revenue	88.27	93.73	113.19	39.56	18.78	18.46
Revenue Growth (YoY)	-39.80%	-17.19%	186.10%	110.73%	1.71%	-24.12%
Cost of Revenue	27.4	34.15	67.51	14.26	-9.29	4
Gross Profit	60.87	59.58	45.68	25.31	28.06	14.46
Selling, General & Admin	8.39	9.09	8.62	4.33	4.9	10.78
Other Operating Expenses	54.15	56.29	7.44	11.35	12.03	3.52
Operating Expenses	63.03	65.96	28.75	16.18	17.46	14.3
Operating Income	-2.16	-6.37	16.93	9.13	10.6	0.15
Interest Expense	-0.22	-0.21	-0.15	-1.1	-0	-0
Other Non Operating Income (Expenses)	0.04	0.04	-	-	-0	0
EBT Excluding Unusual Items	-2.34	-6.54	16.78	8.03	10.6	0.15
Gain (Loss) on Sale of Assets	-	-	3.1	-	-	-
Pretax Income	31.75	-6.54	19.88	8.03	10.6	0.15
Income Tax Expense	7.79	7.04	3.77	2.02	0.16	0.04
Net Income	23.96	-13.58	16.11	6.01	10.44	0.11
Net Income to Common	23.96	-13.58	16.11	6.01	10.44	0.11
Net Income Growth	992.33%	-	168.14%	-42.46%	9304.51%	-28.38%
Shares Outstanding (Basic)	980	1,070	1,070	1,070	582	582
Shares Outstanding (Diluted)	980	1,070	1,070	1,070	582	582
Shares Change (YoY)	-9.20%	-	-	84.00%	-	-
EPS (Basic)	0.02	-0.01	0.02	0.01	0.02	0.00
EPS (Diluted)	0.02	-0.01	0.02	0.01	0.02	0.00
EPS Growth	1103.30%	-	168.14%	-68.73%	9344.74%	-28.57%
Gross Margin	68.96%	63.57%	40.35%	63.96%	149.47%	78.31%
Operating Margin	-2.44%	-6.80%	14.96%	23.06%	56.46%	0.82%
Profit Margin	27.14%	-14.49%	14.23%	15.18%	55.60%	0.60%
EBITDA	-1.65	-5.78	17.46	9.63	11.13	-
EBITDA Margin	-1.86%	-6.17%	15.43%	24.33%	59.26%	-
D&A For EBITDA	0.51	0.59	0.53	0.5	0.53	-
EBIT	-2.16	-6.37	16.93	9.13	10.6	0.15
EBIT Margin	-2.44%	-6.80%	14.96%	23.06%	56.46%	0.82%
Effective Tax Rate	24.54%	-	18.96%	25.15%	1.47%	26.97%
Revenue as Reported	88.32	93.77	116.29	39.62	19.72	18.58
Advertising Expenses	-	1.14	0.9	0.3	0.03	0

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.