Vashu Bhagnani Industries Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Operating Revenue	144.19	159.9	580.71	466.23	245.2
Other Revenue	-	2.2	-	-	-
Revenue	144.19	162.11	580.71	466.23	245.2
Revenue Growth (YoY)	-11.05%	-72.08%	24.56%	90.14%	722.27%
Cost of Revenue	53.48	67.36	441.13	402.23	196.11
Gross Profit	90.71	94.75	139.58	64	49.09
Selling, General & Admin	18.22	18.66	17.56	16.05	14.17
Other Operating Expenses	5.41	13.06	5.14	11.2	3.32
Operating Expenses	80.4	32.22	22.96	27.37	17.6
Operating Income	10.31	62.53	116.62	36.63	31.49
Interest Expense	-0.4	-4.66	-7.38	-5.52	-3.22
Interest & Investment Income	-	0.39	0.05	0.04	0.47
Currency Exchange Gain (Loss)	-	-0.26	-0.08	-0.65	0.11
Other Non Operating Income (Expenses)	27.92	3.32	2.63	-0	0.16
Pretax Income	37.84	61.32	111.85	30.51	29.02
Income Tax Expense	6.53	-1.16	30.96	1.83	1.04
Earnings From Continuing Operations	31.31	62.48	80.89	28.68	27.98
Minority Interest in Earnings	0.27	-0.19	-	-	-
Net Income	31.58	62.28	80.89	28.68	27.98
Net Income to Common	31.58	62.28	80.89	28.68	27.98
Net Income Growth	-49.30%	-23.00%	182.09%	2.50%	350.73%
Shares Outstanding (Basic)	64	74	74	35	32
Shares Outstanding (Diluted)	64	74	74	35	32
Shares Change (YoY)	-12.44%	-	110.27%	10.31%	-
EPS (Basic)	0.49	0.85	1.10	0.82	0.88
EPS (Diluted)	0.49	0.85	1.10	0.82	0.88
EPS Growth	-42.09%	-23.00%	34.16%	-7.08%	350.73%
Free Cash Flow	113.2	-731.66	-383.07	-32.83	-53.96
Free Cash Flow Per Share	1.76	-9.94	-5.21	-0.94	-1.70
Gross Margin	62.91%	58.45%	24.04%	13.73%	20.02%
Operating Margin	7.15%	38.57%	20.08%	7.86%	12.84%
Profit Margin	21.90%	38.42%	13.93%	6.15%	11.41%
Free Cash Flow Margin	78.51%	-451.35%	-65.96%	-7.04%	-22.00%
EBITDA	10.74	63.03	116.88	36.75	31.6
EBITDA Margin	7.45%	38.88%	20.13%	7.88%	12.89%
D&A For EBITDA	0.43	0.5	0.26	0.12	0.11
EBIT	10.31	62.53	116.62	36.63	31.49
EBIT Margin	7.15%	38.57%	20.08%	7.86%	12.84%
Effective Tax Rate	17.25%	-	27.68%	6.00%	3.59%
Revenue as Reported	172.11	165.82	583.39	466.27	245.95
Advertising Expenses	-	0.17	0.21	0.14	0.15

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.