Goyal Associates 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	2.14	19.52	28.52	22.97	12.95	8.19
Other Revenue	12.51	7.94	11.75	11.1	2.21	3.47
Revenue	14.65	27.46	40.27	34.07	15.16	11.66
Revenue Growth (YoY)	-56.07%	-31.80%	18.19%	124.79%	29.99%	-72.66%
Cost of Revenue	1.08	1.33	-	-	-	5.14
Gross Profit	13.57	26.13	40.27	34.07	15.16	6.52
Selling, General & Admin	7.4	9.05	19.01	13.63	8.26	3.34
Other Operating Expenses	1.41	6.44	7.41	10.65	8.99	1.53
Operating Expenses	9.64	16.71	28.25	25.93	18.5	5.43
Operating Income	3.93	9.42	12.01	8.14	-3.34	1.09
Interest Expense	-0.23	-0.79	-0.9	-1.02	-1.13	-0.59
Other Non Operating Income (Expenses)	-	-	-2.7	0	-	-
EBT Excluding Unusual Items	3.69	8.63	8.41	7.12	-4.48	0.5
Pretax Income	3.69	8.63	8.41	7.12	-4.48	0.5
Income Tax Expense	1.25	1.25	2.11	1.24	-	0.17
Net Income	2.44	7.38	6.31	5.88	-4.48	0.33
Net Income to Common	2.44	7.38	6.31	5.88	-4.48	0.33
Net Income Growth	-67.19%	17.05%	7.21%	-	-	-79.67%
Shares Outstanding (Basic)	54	46	47	47	47	33
Shares Outstanding (Diluted)	61	53	47	47	47	33
Shares Change (YoY)	25.57%	12.31%	-	-	40.31%	-28.73%
EPS (Basic)	0.05	0.16	0.13	0.13	-0.10	0.01
EPS (Diluted)	0.04	0.14	0.13	0.13	-0.10	0.01
EPS Growth	-73.14%	7.69%	3.76%	-	-	-71.48%
Free Cash Flow	-	-15.17	-0.48	4.44	10.97	-26.59
Free Cash Flow Per Share	-	-0.29	-0.01	0.10	0.23	-0.80
Gross Margin	92.61%	95.16%	100.00%	100.00%	100.00%	55.93%
Operating Margin	26.80%	34.30%	29.83%	23.90%	-22.06%	9.38%
Profit Margin	16.68%	26.88%	15.66%	17.26%	-29.54%	2.87%
Free Cash Flow Margin	-	-55.24%	-1.18%	13.03%	72.38%	-228.03%
EBITDA	5.12	10.64	13.27	9.5	-2.1	1.64
EBITDA Margin	34.93%	38.75%	32.96%	27.88%	-13.86%	14.08%
D&A For EBITDA	1.19	1.22	1.26	1.36	1.24	0.55
EBIT	3.93	9.42	12.01	8.14	-3.34	1.09
EBIT Margin	26.80%	34.30%	29.83%	23.90%	-22.06%	9.38%
Effective Tax Rate	33.85%	14.48%	25.06%	17.40%	-	33.66%
Revenue as Reported	14.65	27.46	37.57	34.07	15.16	11.66
Advertising Expenses	-	-	0.08	0.21	-	0

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