Ethos 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	15,095	12,516	9,990	7,885	5,773	3,866
Revenue Growth (YoY)	26.55%	25.29%	26.69%	36.59%	49.34%	-15.57%
Cost of Revenue	10,786	8,879	7,074	5,511	4,165	2,866
Gross Profit	4,310	3,637	2,916	2,375	1,607	999.46
Selling, General & Admin	1,379	1,161	995.7	895.41	701.1	463.16
Other Operating Expenses	866.29	551.27	392.06	306.63	215.41	132.33
Operating Expenses	3,063	2,343	1,875	1,548	1,232	920.68
Operating Income	1,247	1,294	1,041	826.43	375.8	78.77
Interest Expense	-248.71	-192.69	-159.91	-140.46	-161.13	-169.52
Interest & Investment Income	218.47	218.47	182.87	119.4	20.34	11.03
Earnings From Equity Investments	-42.88	-18.6	6.73	4.97	0.24	1.35
Currency Exchange Gain (Loss)	-16.32	-16.32	-9.83	-28.05	-10.79	-3.06
Other Non Operating Income (Expenses)	207.37	61.05	6.16	8.46	2.04	11.36
EBT Excluding Unusual Items	1,365	1,346	1,067	790.74	226.5	-70.06
Gain (Loss) on Sale of Investments	4.25	4.25	2.22	-	-	-
Gain (Loss) on Sale of Assets	-5.42	-5.42	28.16	1.28	-1.18	0.53
Asset Writedown	-2.13	-2.13	-0.89	-	-1.2	-3.46
Other Unusual Items	-10.63	7.58	16.6	14.74	91.13	140.22
Pretax Income	1,351	1,351	1,113	806.77	315.26	67.23
Income Tax Expense	389.58	387.81	280.18	203.78	81.38	19.66
Earnings From Continuing Operations	961.27	962.88	833	602.98	233.88	47.57
Minority Interest in Earnings	-6.15	-	-	-	-	-
Net Income	955.12	962.88	833	602.98	233.88	47.57
Net Income to Common	955.12	962.88	833	602.98	233.88	47.57
Net Income Growth	1.00%	15.59%	38.15%	157.82%	391.63%	-
Shares Outstanding (Basic)	26	24	24	23	18	18
Shares Outstanding (Diluted)	26	24	24	23	18	18
Shares Change (YoY)	4.05%	2.80%	4.88%	23.16%	0.50%	2.86%
EPS (Basic)	37.30	39.33	34.98	26.56	12.69	2.61
EPS (Diluted)	37.30	39.33	34.98	26.56	12.69	2.59
EPS Growth	-2.95%	12.44%	31.72%	109.33%	389.82%	-
Free Cash Flow	-	-996.17	-86.34	-587.82	-70.88	538.57
Free Cash Flow Per Share	-	-40.69	-3.63	-25.89	-3.85	29.36
Gross Margin	28.55%	29.06%	29.19%	30.12%	27.84%	25.85%
Operating Margin	8.26%	10.34%	10.42%	10.48%	6.51%	2.04%
Profit Margin	6.33%	7.69%	8.34%	7.65%	4.05%	1.23%
Free Cash Flow Margin	-	-7.96%	-0.86%	-7.46%	-1.23%	13.93%
EBITDA	1,456	1,475	1,184	916.84	443.97	154.56
EBITDA Margin	9.64%	11.79%	11.85%	11.63%	7.69%	4.00%
D&A For EBITDA	209.12	180.57	142.51	90.42	68.17	75.79
EBIT	1,247	1,294	1,041	826.43	375.8	78.77
EBIT Margin	8.26%	10.34%	10.42%	10.48%	6.51%	2.04%
Effective Tax Rate	28.84%	28.71%	25.17%	25.26%	25.81%	29.24%
Revenue as Reported	15,485	12,759	10,226	8,031	5,901	4,030
Advertising Expenses	-	243.35	210.02	268.34	222.53	147.04

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