CARE Ratings 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	4,521	4,023	3,317	2,790	2,476	2,484
Revenue	4,521	4,023	3,317	2,790	2,476	2,484
Revenue Growth (YoY)	18.09%	21.30%	18.89%	12.66%	-0.33%	1.97%
Cost of Revenue	2,092	1,889	1,646	1,339	1,264	1,214
Gross Profit	2,428	2,134	1,671	1,450	1,212	1,270
Selling, General & Admin	-	-	-	-	-	28.68
Other Operating Expenses	588.14	580.51	549.67	400.02	413.99	238.04
Operating Expenses	724.22	697.73	654.5	505.31	491.05	390.76
Operating Income	1,704	1,436	1,017	945.18	721.16	879.71
Interest Expense	-24.57	-21.08	-17.12	-10.02	-4.64	-6.18
Interest & Investment Income	457.05	457.05	428.95	353.66	254.82	166.12
Currency Exchange Gain (Loss)	2.21	2.21	1.59	11.17	-	-
Other Non Operating Income (Expenses)	39.5	4.22	9.94	8.44	11.19	14.51
EBT Excluding Unusual Items	2,178	1,879	1,440	1,308	982.53	1,054
Gain (Loss) on Sale of Investments	44.06	44.06	26.43	6.1	5.9	132.3
Asset Writedown	-	-	-	-57.06	-2.13	-
Pretax Income	2,222	1,923	1,466	1,257	986.3	1,186
Income Tax Expense	586.11	522.64	440.66	402.89	218.01	276.81
Earnings From Continuing Operations	1,636	1,400	1,026	854.58	768.29	909.66
Minority Interest in Earnings	-26.67	-27.63	-20.39	-19.29	-17.21	-14.5
Net Income	1,610	1,372	1,005	835.29	751.08	895.16
Net Income to Common	1,610	1,372	1,005	835.29	751.08	895.16
Net Income Growth	35.58%	36.52%	20.35%	11.21%	-16.10%	8.67%
Shares Outstanding (Basic)	30	30	30	30	30	29
Shares Outstanding (Diluted)	30	30	30	30	30	30
Shares Change (YoY)	0.24%	0.61%	0.68%	-0.06%	0.56%	0.17%
EPS (Basic)	53.70	45.89	33.77	28.17	25.45	30.38
EPS (Diluted)	53.49	45.69	33.67	28.17	25.31	30.33
EPS Growth	35.25%	35.70%	19.54%	11.29%	-16.55%	8.48%
Free Cash Flow	-	1,082	817.1	707.36	490.2	816.84
Free Cash Flow Per Share	-	36.02	27.37	23.85	16.52	27.68
Dividend Per Share	-	18.000	18.000	17.000	17.000	17.000
Dividend Growth	-	-	5.88%	-	-	-12.82%
Gross Margin	53.72%	53.04%	50.38%	51.99%	48.95%	51.14%
Operating Margin	37.70%	35.70%	30.65%	33.88%	29.12%	35.41%
Profit Margin	35.60%	34.11%	30.31%	29.94%	30.33%	36.03%
Free Cash Flow Margin	-	26.90%	24.64%	25.35%	19.79%	32.88%
EBITDA	1,768	1,500	1,081	1,004	761.21	920.27
EBITDA Margin	39.10%	37.28%	32.58%	35.97%	30.74%	37.04%
D&A For EBITDA	63.58	63.75	63.99	58.42	40.05	40.56
EBIT	1,704	1,436	1,017	945.18	721.16	879.71
EBIT Margin	37.70%	35.70%	30.65%	33.88%	29.12%	35.41%
Effective Tax Rate	26.37%	27.18%	30.05%	32.04%	22.10%	23.33%
Revenue as Reported	5,063	4,531	3,784	3,169	2,748	2,797

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