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	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
Revenue	2,903	2,616	2,580	2,382	1,786	1,194
Revenue Growth (YoY)	12.31%	1.39%	8.30%	33.40%	49.64%	21.14%
Cost of Revenue	2,491	2,234	2,244	2,049	1,505	1,006
Gross Profit	411.55	382.52	335.93	333.48	281.1	187.69
Selling, General & Admin	25.72	21.66	16.56	19.17	11.55	9.62
Other Operating Expenses	269.77	283.96	259.57	237.66	194.88	176.75
Operating Expenses	313.14	322.05	291.84	270.97	219.8	201.14
Operating Income	98.41	60.47	44.09	62.51	61.3	-13.45
Interest Expense	-0.92	-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)	8.8	9.93	9.88	0.15	2.49	0.6
EBT Excluding Unusual Items	113.37	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	113.37	76.36	55.58	59.4	63.23	-46.43
Income Tax Expense	1.11	-	-	-	-	0.62
Net Income	110.86	76.36	55.58	59.4	63.23	-47.05
Net Income to Common	110.86	76.36	55.58	59.4	63.23	-47.05
Net Income Growth	54.39%	37.38%	-6.42%	-6.06%	-	-
Shares Outstanding (Basic)	6	5	4	4	4	4
Shares Outstanding (Diluted)	6	5	5	4	4	4
Shares Change (YoY)	0.67%	12.95%	19.55%	-	-	-
EPS (Basic)	19.81	16.10	13.84	14.82	15.77	-11.74
EPS (Diluted)	18.92	14.16	11.60	14.82	15.77	-11.74
EPS Growth	53.74%	22.07%	-21.71%	-6.05%	-	-
Free Cash Flow	-	17.69	-140.72	61.37	-16.3	27.07
Free Cash Flow Per Share	-	3.27	-29.36	15.31	-4.07	6.75
Gross Margin	14.18%	14.62%	13.02%	14.00%	15.74%	15.73%
Operating Margin	3.39%	2.31%	1.71%	2.62%	3.43%	-1.13%
Profit Margin	3.82%	2.92%	2.15%	2.49%	3.54%	-3.94%
Free Cash Flow Margin	-	0.68%	-5.45%	2.58%	-0.91%	2.27%
EBITDA	115.4	76.9	59.79	76.65	74.67	1.32
EBITDA Margin	3.98%	2.94%	2.32%	3.22%	4.18%	0.11%
D&A For EBITDA	16.99	16.44	15.7	14.14	13.37	14.77
EBIT	98.41	60.47	44.09	62.51	61.3	-13.45
EBIT Margin	3.39%	2.31%	1.71%	2.62%	3.43%	-1.13%
Effective Tax Rate	0.98%	-	-	-	-	-
Revenue as Reported	2,919	2,633	2,594	2,384	1,790	1,196

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