Garg Furnace 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	Sep '25 Sep 30, 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
Revenue	2,590	2,616	2,580	2,382	1,786	1,194
Revenue Growth (YoY)	-0.72%	1.39%	8.30%	33.40%	49.64%	21.14%
Cost of Revenue	2,193	2,234	2,244	2,049	1,505	1,006
Gross Profit	397.45	382.52	335.93	333.48	281.1	187.69
Selling, General & Admin	24.15	21.66	16.56	19.17	11.55	9.62
Other Operating Expenses	278.53	283.96	259.57	237.66	194.88	176.75
Operating Expenses	319.84	322.05	291.84	270.97	219.8	201.14
Operating Income	77.61	60.47	44.09	62.51	61.3	-13.45
Interest Expense	-0.93	-1.11	-1.77	-1.54	-2.18	-3.83
Interest & Investment Income	7.08	7.08	3.39	1.85	1.62	1.71
Other Non Operating Income (Expenses)	10.79	9.93	9.88	0.15	2.49	0.6
EBT Excluding Unusual Items	94.55	76.36	55.6	62.97	63.23	-14.96
Gain (Loss) on Sale of Assets	-	-	-0.01	-3.57	-	0.05
Asset Writedown	-	-	-	-	-	-31.51
Pretax Income	94.55	76.36	55.58	59.4	63.23	-46.43
Income Tax Expense	0.38	-	-	-	-	0.62
Net Income	93.73	76.36	55.58	59.4	63.23	-47.05
Net Income to Common	93.73	76.36	55.58	59.4	63.23	-47.05
Net Income Growth	37.16%	37.38%	-6.42%	-6.06%	-	-
Shares Outstanding (Basic)	5	5	4	4	4	4
Shares Outstanding (Diluted)	6	5	5	4	4	4
Shares Change (YoY)	1.55%	12.95%	19.55%	-	-	-
EPS (Basic)	17.60	16.10	13.84	14.82	15.77	-11.74
EPS (Diluted)	16.82	14.16	11.60	14.82	15.77	-11.74
EPS Growth	35.47%	22.07%	-21.71%	-6.05%	-	-
Free Cash Flow	-322.59	17.69	-140.72	61.37	-16.3	27.07
Free Cash Flow Per Share	-57.73	3.27	-29.36	15.31	-4.07	6.75
Gross Margin	15.35%	14.62%	13.02%	14.00%	15.74%	15.73%
Operating Margin	3.00%	2.31%	1.71%	2.62%	3.43%	-1.13%
Profit Margin	3.62%	2.92%	2.15%	2.49%	3.54%	-3.94%
Free Cash Flow Margin	-12.46%	0.68%	-5.45%	2.58%	-0.91%	2.27%
EBITDA	95.21	76.9	59.79	76.65	74.67	1.32
EBITDA Margin	3.68%	2.94%	2.32%	3.22%	4.18%	0.11%
D&A For EBITDA	17.6	16.44	15.7	14.14	13.37	14.77
EBIT	77.61	60.47	44.09	62.51	61.3	-13.45
EBIT Margin	3.00%	2.31%	1.71%	2.62%	3.43%	-1.13%
Effective Tax Rate	0.40%	-	-	-	-	-
Revenue as Reported	2,608	2,633	2,594	2,384	1,790	1,196

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