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	2017 - 2021
Period Ending	Jun '25 Jun 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	2017 - 2021
Revenue	13,247	12,516	9,990	7,885	5,773	3,866	Upgrade
Revenue Growth (YoY)	27.10%	25.29%	26.69%	36.59%	49.34%	-15.57%	Upgrade
Cost of Revenue	9,316	8,879	7,074	5,511	4,165	2,866	Upgrade
Gross Profit	3,931	3,637	2,916	2,375	1,607	999.46	Upgrade
Selling, General & Admin	901.11	1,161	995.7	895.41	701.1	463.16	Upgrade
Other Operating Expenses	1,101	551.27	392.06	306.63	215.41	132.33	Upgrade
Operating Expenses	2,679	2,343	1,875	1,548	1,232	920.68	Upgrade
Operating Income	1,252	1,294	1,041	826.43	375.8	78.77	Upgrade
Interest Expense	-206.15	-192.69	-159.91	-140.46	-161.13	-169.52	Upgrade
Interest & Investment Income	-	218.47	182.87	119.4	20.34	11.03	Upgrade
Earnings From Equity Investments	-28.15	-18.6	6.73	4.97	0.24	1.35	Upgrade
Currency Exchange Gain (Loss)	-	-16.32	-9.83	-28.05	-10.79	-3.06	Upgrade
Other Non Operating Income (Expenses)	237.42	61.05	6.16	8.46	2.04	11.36	Upgrade
EBT Excluding Unusual Items	1,255	1,346	1,067	790.74	226.5	-70.06	Upgrade
Gain (Loss) on Sale of Investments	-	4.25	2.22	-	-	-	Upgrade
Gain (Loss) on Sale of Assets	-	-5.42	28.16	1.28	-1.18	0.53	Upgrade
Asset Writedown	-	-2.13	-0.89	-	-1.2	-3.46	Upgrade
Other Unusual Items	-	7.58	16.6	14.74	91.13	140.22	Upgrade
Pretax Income	1,255	1,351	1,113	806.77	315.26	67.23	Upgrade
Income Tax Expense	330.11	387.81	280.18	203.78	81.38	19.66	Upgrade
Earnings From Continuing Operations	925.03	962.88	833	602.98	233.88	47.57	Upgrade
Net Income	925.03	962.88	833	602.98	233.88	47.57	Upgrade
Net Income to Common	925.03	962.88	833	602.98	233.88	47.57	Upgrade
Net Income Growth	5.19%	15.59%	38.15%	157.82%	391.63%	-	Upgrade
Shares Outstanding (Basic)	24	24	24	23	18	18	Upgrade
Shares Outstanding (Diluted)	24	24	24	23	18	18	Upgrade
Shares Change (YoY)	1.62%	2.80%	4.88%	23.16%	0.50%	2.86%	Upgrade
EPS (Basic)	37.78	39.33	34.98	26.56	12.69	2.61	Upgrade
EPS (Diluted)	37.78	39.33	34.98	26.56	12.69	2.59	Upgrade
EPS Growth	3.51%	12.44%	31.72%	109.33%	389.82%	-	Upgrade
Free Cash Flow	-	-996.17	-86.34	-587.82	-70.88	538.57	Upgrade
Free Cash Flow Per Share	-	-40.69	-3.63	-25.89	-3.85	29.36	Upgrade
Gross Margin	29.67%	29.06%	29.19%	30.12%	27.84%	25.85%	Upgrade
Operating Margin	9.45%	10.34%	10.42%	10.48%	6.51%	2.04%	Upgrade
Profit Margin	6.98%	7.69%	8.34%	7.65%	4.05%	1.23%	Upgrade
Free Cash Flow Margin	-	-7.96%	-0.86%	-7.46%	-1.23%	13.93%	Upgrade
EBITDA	2,004	1,475	1,184	916.84	443.97	154.56	Upgrade
EBITDA Margin	15.13%	11.79%	11.85%	11.63%	7.69%	4.00%	Upgrade
D&A For EBITDA	751.91	180.57	142.51	90.42	68.17	75.79	Upgrade
EBIT	1,252	1,294	1,041	826.43	375.8	78.77	Upgrade
EBIT Margin	9.45%	10.34%	10.42%	10.48%	6.51%	2.04%	Upgrade
Effective Tax Rate	26.30%	28.71%	25.17%	25.26%	25.81%	29.24%	Upgrade
Revenue as Reported	13,484	12,759	10,226	8,031	5,901	4,030	Upgrade
Advertising Expenses	-	243.35	210.02	268.34	222.53	147.04	Upgrade

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