MSTC Limited 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	3,397	3,110	3,162	7,210	8,761	7,805
Revenue Growth (YoY)	-54.01%	-1.67%	-56.14%	-17.71%	12.26%	-36.62%
Cost of Revenue	102.45	102.45	91.32	813.39	2,287	2,292
Gross Profit	3,295	3,007	3,071	6,396	6,474	5,512
Selling, General & Admin	1,035	974.44	951.33	1,790	1,990	1,785
Other Operating Expenses	233.77	197.71	-852.46	840.42	-43.33	440.13
Operating Expenses	1,367	1,263	1,199	3,619	4,359	4,215
Operating Income	1,928	1,744	1,872	2,778	2,115	1,297
Interest Expense	-	-1.8	-4.12	-0.91	-26.16	-71.46
Interest & Investment Income	726.09	726.09	909.26	534.92	237.17	135.31
Earnings From Equity Investments	-62.92	-59.69	-68.69	-26.54	2.83	-8.6
Other Non Operating Income (Expenses)	23.76	39.34	67.14	3.01	3.78	3.17
EBT Excluding Unusual Items	2,615	2,448	2,776	3,288	2,333	1,355
Gain (Loss) on Sale of Assets	-	-	-	3.26	1.53	2.1
Asset Writedown	-	-	-	-2.15	-5.45	-11.45
Other Unusual Items	-103.52	2,632	-	2.57	-	12.76
Pretax Income	2,511	5,080	2,776	3,292	2,329	1,359
Income Tax Expense	344.05	1,009	1,125	872.18	338.05	229.25
Net Income	2,167	4,071	1,650	2,420	1,991	1,130
Net Income to Common	2,167	4,071	1,650	2,420	1,991	1,130
Net Income Growth	-44.31%	146.64%	-31.79%	21.53%	76.25%	16.44%
Shares Outstanding (Basic)	70	70	70	70	70	70
Shares Outstanding (Diluted)	70	70	70	70	70	70
EPS (Basic)	30.78	57.82	23.44	34.37	28.28	16.05
EPS (Diluted)	30.78	57.82	23.44	34.37	28.28	16.05
EPS Growth	-44.33%	146.67%	-31.80%	21.53%	76.25%	16.44%
Free Cash Flow	-	2,357	-3,902	8,104	957.2	6,452
Free Cash Flow Per Share	-	33.48	-55.43	115.11	13.60	91.65
Dividend Per Share	12.100	40.500	15.500	15.000	12.900	4.400
Dividend Growth	-70.49%	161.29%	3.33%	16.28%	193.18%	33.33%
Gross Margin	96.98%	96.70%	97.11%	88.72%	73.89%	70.63%
Operating Margin	56.75%	56.09%	59.20%	38.53%	24.14%	16.62%
Profit Margin	63.80%	130.91%	52.19%	33.56%	22.72%	14.47%
Free Cash Flow Margin	-	75.79%	-123.39%	112.41%	10.93%	82.67%
EBITDA	1,995	1,811	1,938	2,991	2,321	1,474
EBITDA Margin	58.73%	58.23%	61.27%	41.48%	26.49%	18.89%
D&A For EBITDA	67.32	66.63	65.71	213.33	205.78	177.19
EBIT	1,928	1,744	1,872	2,778	2,115	1,297
EBIT Margin	56.75%	56.09%	59.20%	38.53%	24.14%	16.62%
Effective Tax Rate	13.70%	19.87%	40.54%	26.50%	14.52%	16.87%
Revenue as Reported	4,147	3,875	5,193	8,792	11,233	9,941
Advertising Expenses	-	7.95	16.29	13.73	9.25	4.61

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