Ganges Securities 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	281.79	307.05	246.65	280.87	276.07	282.42
Other Revenue	83.75	83.07	111.47	150.28	82.79	68.19
Revenue	365.54	390.12	358.12	431.15	358.85	350.61
Revenue Growth (YoY)	-6.34%	8.94%	-16.94%	20.15%	2.35%	9.11%
Cost of Revenue	26.21	13.25	3.7	16.31	-1.06	3.43
Gross Profit	339.33	376.87	354.43	414.84	359.91	347.18
Selling, General & Admin	222.14	216.97	200.56	195.63	188.38	151.27
Other Operating Expenses	78.36	83.16	83.12	85.29	72.71	73.65
Operating Expenses	311.01	310.57	291.51	288.26	268.5	231.88
Operating Income	28.32	66.3	62.91	126.58	91.41	115.31
Interest Expense	-0.13	-0.14	-0.14	-1.69	-2	-0.83
Interest & Investment Income	0.57	0.57	1.24	0.54	-	0.01
Other Non Operating Income (Expenses)	-0.29	-0.29	-	-	-	0.25
EBT Excluding Unusual Items	28.47	66.43	64.01	125.43	89.41	114.73
Gain (Loss) on Sale of Assets	-	-	0.16	0.68	-	0.11
Asset Writedown	-0.09	-0.09	0.21	-0.15	0.18	0.13
Other Unusual Items	0.53	-9.66	-5.44	0.51	0.66	2.07
Pretax Income	28.92	56.69	59.09	126.69	90.8	117.04
Income Tax Expense	12.07	6.07	24.3	29.22	10.85	19.1
Net Income	16.85	50.62	34.79	97.47	79.95	97.94
Net Income to Common	16.85	50.62	34.79	97.47	79.95	97.94
Net Income Growth	-68.69%	45.50%	-64.31%	21.91%	-18.37%	37.16%
Shares Outstanding (Basic)	10	10	10	10	10	10
Shares Outstanding (Diluted)	10	10	10	10	10	10
Shares Change (YoY)	0.05%	-	0.01%	-0.01%	0.01%	-0.01%
EPS (Basic)	1.68	5.06	3.48	9.74	7.99	9.79
EPS (Diluted)	1.68	5.06	3.48	9.74	7.99	9.79
EPS Growth	-68.70%	45.50%	-64.29%	21.90%	-18.39%	37.15%
Free Cash Flow	-	197.87	-61.09	211.94	152.44	41.06
Free Cash Flow Per Share	-	19.78	-6.11	21.19	15.24	4.11
Gross Margin	92.83%	96.60%	98.97%	96.22%	100.29%	99.02%
Operating Margin	7.75%	16.99%	17.57%	29.36%	25.47%	32.89%
Profit Margin	4.61%	12.98%	9.71%	22.61%	22.28%	27.93%
Free Cash Flow Margin	-	50.72%	-17.06%	49.16%	42.48%	11.71%
EBITDA	40.19	76.21	70.22	133.5	98.54	121.98
EBITDA Margin	10.99%	19.54%	19.61%	30.96%	27.46%	34.79%
D&A For EBITDA	11.87	9.91	7.31	6.93	7.13	6.68
EBIT	28.32	66.3	62.91	126.58	91.41	115.31
EBIT Margin	7.75%	16.99%	17.57%	29.36%	25.47%	32.89%
Effective Tax Rate	41.74%	10.71%	41.13%	23.06%	11.95%	16.32%
Revenue as Reported	366.64	391.21	360.97	433.1	360.25	353.18
Advertising Expenses	-	0.11	0.16	0.13	0.13	0.12

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