Anand Rayons 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	2016 - 2020
Period Ending	Sep '25 Sep 30, 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	2016 - 2020
Revenue	3,487	3,138	3,443	3,365	3,341	2,073	Upgrade
Revenue Growth (YoY)	2.78%	-8.86%	2.30%	0.73%	61.15%	-15.01%	Upgrade
Cost of Revenue	3,340	3,008	3,310	3,245	3,212	2,000	Upgrade
Gross Profit	146.71	129.68	132.68	120.46	128.14	73.38	Upgrade
Selling, General & Admin	16.13	14.54	19.48	12.97	12.23	10.02	Upgrade
Other Operating Expenses	60.06	39.9	40.47	36.34	35.56	25.54	Upgrade
Operating Expenses	79.95	57.61	62.19	50.31	48.8	36.44	Upgrade
Operating Income	66.77	72.07	70.49	70.14	79.34	36.94	Upgrade
Interest Expense	-13.69	-20.25	-26.02	-24.44	-33.61	-19.19	Upgrade
Interest & Investment Income	1.03	1.03	0.78	1.14	0.75	2.05	Upgrade
Other Non Operating Income (Expenses)	3.23	-6.34	-2.86	-4.55	-5.14	-9.68	Upgrade
EBT Excluding Unusual Items	57.34	46.51	42.38	42.29	41.35	10.13	Upgrade
Other Unusual Items	-	-	-0.01	-	-	-	Upgrade
Pretax Income	57.34	46.51	42.37	42.29	41.35	10.13	Upgrade
Income Tax Expense	11.79	11.79	11.05	10.79	11.95	2.92	Upgrade
Net Income	45.55	34.72	31.32	31.5	29.39	7.21	Upgrade
Net Income to Common	45.55	34.72	31.32	31.5	29.39	7.21	Upgrade
Net Income Growth	45.16%	10.87%	-0.58%	7.17%	307.78%	7.47%	Upgrade
Shares Outstanding (Basic)	22	18	15	15	15	15	Upgrade
Shares Outstanding (Diluted)	22	18	15	15	15	15	Upgrade
Shares Change (YoY)	43.46%	22.68%	-	-	-	-	Upgrade
EPS (Basic)	2.11	1.89	2.09	2.10	1.96	0.48	Upgrade
EPS (Diluted)	2.11	1.89	2.09	2.10	1.96	0.48	Upgrade
EPS Growth	1.18%	-9.62%	-0.48%	7.14%	308.33%	7.24%	Upgrade
Free Cash Flow	266.6	104.35	154.93	71.71	86.32	1.29	Upgrade
Free Cash Flow Per Share	12.38	5.68	10.34	4.79	5.76	0.09	Upgrade
Gross Margin	4.21%	4.13%	3.85%	3.58%	3.84%	3.54%	Upgrade
Operating Margin	1.92%	2.30%	2.05%	2.08%	2.38%	1.78%	Upgrade
Profit Margin	1.31%	1.11%	0.91%	0.94%	0.88%	0.35%	Upgrade
Free Cash Flow Margin	7.65%	3.33%	4.50%	2.13%	2.58%	0.06%	Upgrade
EBITDA	70.52	75.24	72.72	71.14	80.35	37.82	Upgrade
EBITDA Margin	2.02%	2.40%	2.11%	2.11%	2.40%	1.82%	Upgrade
D&A For EBITDA	3.75	3.17	2.23	1	1	0.88	Upgrade
EBIT	66.77	72.07	70.49	70.14	79.34	36.94	Upgrade
EBIT Margin	1.92%	2.30%	2.05%	2.08%	2.38%	1.78%	Upgrade
Effective Tax Rate	20.56%	25.35%	26.08%	25.51%	28.91%	28.86%	Upgrade
Revenue as Reported	3,498	3,139	3,443	3,366	3,341	2,076	Upgrade
Advertising Expenses	-	0.07	0.12	0.08	0.05	-	Upgrade

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