Avro 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	934.22	783.25	933.69	800.13	647.41	532.71
Revenue Growth (YoY)	14.84%	-16.11%	16.69%	23.59%	21.53%	20.89%
Cost of Revenue	587.12	550.2	722.85	620.69	480.67	436.22
Gross Profit	347.09	233.05	210.84	179.44	166.74	96.49
Selling, General & Admin	88.42	61.64	33.7	22.12	19.73	18.21
Other Operating Expenses	144.83	77.18	83.03	72.86	91.69	38
Operating Expenses	277.94	178.01	144.57	113.17	124.25	70.57
Operating Income	69.15	55.03	66.28	66.27	42.49	25.92
Interest Expense	-16.64	-15.71	-13.69	-9.53	-4.09	-2.57
Interest & Investment Income	1.38	1.38	0.12	-	0.13	0.18
Currency Exchange Gain (Loss)	-0.27	-0.27	-0.09	0.11	0.09	0.01
Other Non Operating Income (Expenses)	-	-	-	-	-0.16	-0.06
EBT Excluding Unusual Items	53.63	40.44	52.62	56.85	38.46	23.48
Gain (Loss) on Sale of Investments	1.31	1.31	0.58	-	0.67	0.15
Gain (Loss) on Sale of Assets	0.06	0.06	0.83	1.43	0.12	0.43
Other Unusual Items	-1.65	-1.65	-	-	-	-
Pretax Income	53.34	40.16	56.38	58.28	39.25	24.07
Income Tax Expense	12.03	9.73	16.01	16.77	9.49	6.6
Net Income	41.31	30.42	40.37	41.51	29.76	17.47
Net Income to Common	41.31	30.42	40.37	41.51	29.76	17.47
Net Income Growth	21.36%	-24.65%	-2.75%	39.49%	70.34%	53.87%
Shares Outstanding (Basic)	13	11	10	10	10	10
Shares Outstanding (Diluted)	14	11	10	10	10	10
Shares Change (YoY)	34.20%	9.11%	-	-	-	-
EPS (Basic)	3.18	2.84	4.00	4.12	2.95	1.73
EPS (Diluted)	2.98	2.76	4.00	4.12	2.95	1.73
EPS Growth	-9.61%	-31.00%	-2.80%	39.50%	70.52%	53.70%
Free Cash Flow	-	-134.91	-31.3	-25.65	-37.75	-7.62
Free Cash Flow Per Share	-	-12.26	-3.10	-2.54	-3.74	-0.76
Gross Margin	37.15%	29.75%	22.58%	22.43%	25.75%	18.11%
Operating Margin	7.40%	7.03%	7.10%	8.28%	6.56%	4.87%
Profit Margin	4.42%	3.88%	4.32%	5.19%	4.60%	3.28%
Free Cash Flow Margin	-	-17.22%	-3.35%	-3.21%	-5.83%	-1.43%
EBITDA	116.88	94.24	94.11	84.45	55.3	40.27
EBITDA Margin	12.51%	12.03%	10.08%	10.55%	8.54%	7.56%
D&A For EBITDA	47.73	39.2	27.84	18.18	12.81	14.35
EBIT	69.15	55.03	66.28	66.27	42.49	25.92
EBIT Margin	7.40%	7.03%	7.10%	8.28%	6.56%	4.87%
Effective Tax Rate	22.55%	24.24%	28.39%	28.77%	24.18%	27.41%
Revenue as Reported	951.68	829.25	973.66	823.41	652.05	535.72
Advertising Expenses	-	9.08	6.84	6.14	6.12	4.34

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.