Heads UP Ventures 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	157.36	14.2	6.28	7.32	9.73	4.42
Revenue	157.36	14.2	6.28	7.32	9.73	4.42
Revenue Growth (YoY)	5089.91%	126.05%	-14.22%	-24.77%	120.41%	-99.71%
Cost of Revenue	117.87	-	15.25	7.49	9.42	3.83
Gross Profit	39.49	14.2	-8.97	-0.17	0.32	0.58
Selling, General & Admin	1.88	3.22	18.83	37.78	36.37	40.92
Other Operating Expenses	10.49	3.22	16.39	61.94	27.68	36.28
Operating Expenses	12.45	6.57	35.77	100.1	64.46	77.71
Operating Income	27.03	7.63	-44.74	-100.27	-64.14	-77.13
Interest Expense	-	-	-	-4.92	-4.8	-2.01
Interest & Investment Income	8.4	8.38	1.62	7.7	15.41	5.55
Currency Exchange Gain (Loss)	-	-	-	-0.09	-0.09	0.46
Other Non Operating Income (Expenses)	11.03	-0.03	-0.02	0.09	0.02	0.44
EBT Excluding Unusual Items	46.46	15.98	-43.14	-97.5	-53.61	-72.69
Gain (Loss) on Sale of Assets	-	-	-0.04	-	-	0.91
Other Unusual Items	-	-	-	-	-	43.89
Pretax Income	46.46	15.98	-43.18	-97.5	-53.61	-27.89
Income Tax Expense	4.58	2.04	-	-0.95	-	-
Net Income	41.88	13.94	-43.18	-96.55	-53.61	-27.89
Net Income to Common	41.88	13.94	-43.18	-96.55	-53.61	-27.89
Shares Outstanding (Basic)	22	22	22	22	22	22
Shares Outstanding (Diluted)	22	22	22	22	22	22
Shares Change (YoY)	-3.03%	0.43%	-0.24%	-	-	-
EPS (Basic)	1.92	0.63	-1.96	-4.37	-2.43	-1.26
EPS (Diluted)	1.92	0.63	-1.96	-4.37	-2.43	-1.26
Free Cash Flow	-	0.94	-11.63	-96.18	8.02	121.81
Free Cash Flow Per Share	-	0.04	-0.53	-4.36	0.36	5.52
Gross Margin	25.09%	100.00%	-142.82%	-2.25%	3.25%	13.16%
Operating Margin	17.18%	53.74%	-712.34%	-1369.61%	-659.14%	-1746.89%
Profit Margin	26.61%	98.18%	-687.56%	-1318.85%	-550.87%	-631.69%
Free Cash Flow Margin	-	6.64%	-185.11%	-1313.77%	82.40%	2758.96%
EBITDA	26.85	7.76	-44.19	-99.88	-63.73	-76.62
EBITDA Margin	17.06%	54.66%	-	-	-	-
D&A For EBITDA	-0.18	0.13	0.55	0.39	0.41	0.5
EBIT	27.03	7.63	-44.74	-100.27	-64.14	-77.13
EBIT Margin	17.18%	53.74%	-	-	-	-
Effective Tax Rate	9.87%	12.79%	-	-	-	-
Revenue as Reported	176.79	22.58	7.9	15.11	25.16	55.68
Advertising Expenses	-	0.23	0.63	2.16	0.81	0.47

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