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	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
Operating Revenue	10.45	19.52	28.52	22.97	12.95	8.19
Other Revenue	10.29	7.94	11.75	11.1	2.21	3.47
Revenue	20.74	27.46	40.27	34.07	15.16	11.66
Revenue Growth (YoY)	-38.46%	-31.80%	18.19%	124.79%	29.99%	-72.66%
Cost of Revenue	1.18	1.33	-	-	-	5.14
Gross Profit	19.56	26.13	40.27	34.07	15.16	6.52
Selling, General & Admin	7.28	9.05	19.01	13.63	8.26	3.34
Other Operating Expenses	4.64	6.44	7.41	10.65	8.99	1.53
Operating Expenses	12.88	16.71	28.25	25.93	18.5	5.43
Operating Income	6.69	9.42	12.01	8.14	-3.34	1.09
Interest Expense	-0.38	-0.79	-0.9	-1.02	-1.13	-0.59
Other Non Operating Income (Expenses)	-	-	-2.7	0	-	-
EBT Excluding Unusual Items	6.31	8.63	8.41	7.12	-4.48	0.5
Pretax Income	6.31	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	5.06	7.38	6.31	5.88	-4.48	0.33
Net Income to Common	5.06	7.38	6.31	5.88	-4.48	0.33
Net Income Growth	-13.59%	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)	28.79%	12.31%	-	-	40.31%	-28.73%
EPS (Basic)	0.09	0.16	0.13	0.13	-0.10	0.01
EPS (Diluted)	0.08	0.14	0.13	0.13	-0.10	0.01
EPS Growth	-30.49%	7.69%	3.76%	-	-	-71.48%
Free Cash Flow	-17.57	-15.17	-0.48	4.44	10.97	-26.59
Free Cash Flow Per Share	-0.29	-0.29	-0.01	0.10	0.23	-0.80
Gross Margin	94.32%	95.16%	100.00%	100.00%	100.00%	55.93%
Operating Margin	32.24%	34.30%	29.83%	23.90%	-22.06%	9.38%
Profit Margin	24.38%	26.88%	15.66%	17.26%	-29.54%	2.87%
Free Cash Flow Margin	-84.71%	-55.24%	-1.18%	13.03%	72.38%	-228.03%
EBITDA	7.65	10.64	13.27	9.5	-2.1	1.64
EBITDA Margin	36.88%	38.75%	32.96%	27.88%	-13.86%	14.08%
D&A For EBITDA	0.96	1.22	1.26	1.36	1.24	0.55
EBIT	6.69	9.42	12.01	8.14	-3.34	1.09
EBIT Margin	32.24%	34.30%	29.83%	23.90%	-22.06%	9.38%
Effective Tax Rate	19.82%	14.48%	25.06%	17.40%	-	33.66%
Revenue as Reported	20.74	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.