Arfin India 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	5,781	6,158	5,352	5,441	5,261	3,034
Revenue Growth (YoY)	-3.52%	15.06%	-1.65%	3.42%	73.38%	-15.37%
Cost of Revenue	4,827	5,167	4,462	4,644	4,448	2,467
Gross Profit	953.98	990.32	889.27	797.59	812.89	567.77
Selling, General & Admin	97.28	94.19	101.05	86.07	74.85	55.36
Other Operating Expenses	492.53	533.13	486.16	447.16	498.41	348.24
Operating Expenses	633.07	667.89	626.27	568.75	606.41	431.68
Operating Income	320.91	322.43	263.01	228.85	206.48	136.09
Interest Expense	-180.41	-184.43	-171.66	-125.23	-104.45	-94.59
Interest & Investment Income	4.29	4.29	1.67	0.91	0.64	0.89
Currency Exchange Gain (Loss)	4.54	4.54	12.78	21.3	13.89	7.69
Other Non Operating Income (Expenses)	2.17	-3.03	-8.62	-16.65	-18.54	-15.48
EBT Excluding Unusual Items	151.5	143.79	97.18	109.17	98.03	34.59
Gain (Loss) on Sale of Investments	-	-	-	-	-	9.36
Gain (Loss) on Sale of Assets	-	-	-	0.64	-	1.6
Pretax Income	151.5	143.79	97.18	109.82	98.03	45.55
Income Tax Expense	59.9	52.33	14.98	6.65	6.15	5.39
Net Income	91.6	91.46	82.2	103.17	91.87	40.15
Net Income to Common	91.6	91.46	82.2	103.17	91.87	40.15
Net Income Growth	-15.14%	11.26%	-20.32%	12.29%	128.82%	-
Shares Outstanding (Basic)	179	168	159	159	159	159
Shares Outstanding (Diluted)	179	168	159	159	159	159
Shares Change (YoY)	7.78%	5.91%	-	-	-	-
EPS (Basic)	0.51	0.54	0.52	0.65	0.58	0.25
EPS (Diluted)	0.51	0.54	0.52	0.65	0.58	0.25
EPS Growth	-21.75%	4.40%	-20.32%	12.29%	128.82%	-
Free Cash Flow	-	-234.12	13.38	218.36	78.09	-89.51
Free Cash Flow Per Share	-	-1.39	0.08	1.37	0.49	-0.56
Gross Margin	16.50%	16.08%	16.62%	14.66%	15.45%	18.71%
Operating Margin	5.55%	5.24%	4.92%	4.21%	3.92%	4.49%
Profit Margin	1.58%	1.49%	1.54%	1.90%	1.75%	1.32%
Free Cash Flow Margin	-	-3.80%	0.25%	4.01%	1.48%	-2.95%
EBITDA	362.63	363	302.06	264.36	239.64	164.17
EBITDA Margin	6.27%	5.90%	5.64%	4.86%	4.55%	5.41%
D&A For EBITDA	41.71	40.57	39.05	35.51	33.15	28.08
EBIT	320.91	322.43	263.01	228.85	206.48	136.09
EBIT Margin	5.55%	5.24%	4.92%	4.21%	3.92%	4.49%
Effective Tax Rate	39.54%	36.39%	15.41%	6.05%	6.28%	11.84%
Revenue as Reported	5,806	6,177	5,371	5,466	5,276	3,054
Advertising Expenses	-	3.18	4.03	2.72	0.48	0.13

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