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	Jun 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Other Revenue	90	93.73	113.19	39.56	18.78	18.46
Revenue	90	93.73	113.19	39.56	18.78	18.46
Revenue Growth (YoY)	-30.07%	-17.19%	186.10%	110.73%	1.71%	-24.12%
Cost of Revenue	31.76	34.15	67.51	14.26	-9.29	4
Gross Profit	58.24	59.58	45.68	25.31	28.06	14.46
Selling, General & Admin	6.95	9.09	8.62	4.33	4.9	10.78
Other Operating Expenses	8.14	56.29	7.44	11.35	12.03	3.52
Operating Expenses	15.63	65.96	28.75	16.18	17.46	14.3
Operating Income	42.62	-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)	-5.65	0.04	-	-	-0	0
EBT Excluding Unusual Items	36.75	-6.54	16.78	8.03	10.6	0.15
Gain (Loss) on Sale of Assets	-	-	3.1	-	-	-
Pretax Income	33.61	-6.54	19.88	8.03	10.6	0.15
Income Tax Expense	8.55	7.04	3.77	2.02	0.16	0.04
Net Income	25.06	-13.58	16.11	6.01	10.44	0.11
Net Income to Common	25.06	-13.58	16.11	6.01	10.44	0.11
Net Income Growth	-	-	168.14%	-42.46%	9304.51%	-28.38%
Shares Outstanding (Basic)	987	1,070	1,070	1,070	582	582
Shares Outstanding (Diluted)	987	1,070	1,070	1,070	582	582
Shares Change (YoY)	-10.45%	-	-	84.00%	-	-
EPS (Basic)	0.03	-0.01	0.02	0.01	0.02	0.00
EPS (Diluted)	0.03	-0.01	0.02	0.01	0.02	0.00
EPS Growth	-	-	168.14%	-68.73%	9344.74%	-28.57%
Gross Margin	64.71%	63.57%	40.35%	63.96%	149.47%	78.31%
Operating Margin	47.35%	-6.80%	14.96%	23.06%	56.46%	0.82%
Profit Margin	27.84%	-14.49%	14.23%	15.18%	55.60%	0.60%
EBITDA	43.22	-5.78	17.46	9.63	11.13	-
EBITDA Margin	48.03%	-6.17%	15.43%	24.33%	59.26%	-
D&A For EBITDA	0.61	0.59	0.53	0.5	0.53	-
EBIT	42.62	-6.37	16.93	9.13	10.6	0.15
EBIT Margin	47.35%	-6.80%	14.96%	23.06%	56.46%	0.82%
Effective Tax Rate	25.44%	-	18.96%	25.15%	1.47%	26.97%
Revenue as Reported	90	93.77	116.29	39.62	19.72	18.58
Advertising Expenses	-	1.14	0.9	0.3	0.03	0

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