Ethos Balance Sheet

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
Cash & Equivalents	-	284.8	605.79	278.89	376.83	183.08
Short-Term Investments	-	1,651	2,746	1,959	0.65	1.33
Cash & Short-Term Investments	7,947	1,936	3,351	2,238	377.48	184.41
Cash Growth	192.87%	-42.24%	49.73%	492.96%	104.70%	84.30%
Accounts Receivable	-	182.6	155.72	61.77	51.83	121.8
Other Receivables	-	399.17	395.57	317.71	148.32	105.92
Receivables	-	582.23	553.66	382.02	202.84	229.54
Inventory	-	6,027	4,479	3,584	2,540	2,021
Prepaid Expenses	-	10.7	6.99	5.28	2.31	1.75
Other Current Assets	-	350.01	249.42	175.67	241.73	128.89
Total Current Assets	-	8,905	8,641	6,385	3,364	2,565
Property, Plant & Equipment	-	3,888	1,957	1,603	1,289	1,157
Long-Term Investments	-	379.29	253.63	95.74	16.37	8.01
Other Intangible Assets	-	430.12	426.61	407.07	6.63	7.01
Long-Term Deferred Tax Assets	-	94.15	90.39	86.06	90.62	82.18
Other Long-Term Assets	-	399.68	338.36	219.18	276.85	115.3
Total Assets	-	14,096	11,706	8,797	5,044	3,935
Accounts Payable	-	887.63	959.68	965.83	835.41	719.94
Accrued Expenses	-	217.66	257.73	144.8	138.34	117.32
Short-Term Debt	-	-	-	4.39	228.42	268.22
Current Portion of Long-Term Debt	-	18.4	46.39	4.34	89.36	80.85
Current Portion of Leases	-	418	273.12	235.68	223.84	191.09
Current Income Taxes Payable	-	1.43	3.92	2.08	2.03	5.81
Current Unearned Revenue	-	57.49	56.43	42.28	26.27	21.33
Other Current Liabilities	-	194.14	110.41	95.8	90.84	75.09
Total Current Liabilities	-	1,795	1,708	1,495	1,634	1,480
Long-Term Debt	-	1.26	20.6	71.18	276.44	170.82
Long-Term Leases	-	2,450	1,110	891.68	794.86	690.85
Pension & Post-Retirement Benefits	-	28.83	24.95	19.24	14.24	15.71
Other Long-Term Liabilities	-	-	3.46	4.72	6.69	9
Total Liabilities	-	4,274	2,867	2,482	2,727	2,366
Common Stock	-	244.8	244.8	233.49	190.78	182.13
Additional Paid-In Capital	-	6,839	6,839	5,155	1,801	1,291
Retained Earnings	-	2,715	1,753	921.44	320.2	86.2
Comprehensive Income & Other	-	22.87	2.07	5.2	5.22	9.96
Total Common Equity	14,341	9,822	8,840	6,315	2,317	1,569
Shareholders' Equity	16,096	9,822	8,840	6,315	2,317	1,569
Total Liabilities & Equity	-	14,096	11,706	8,797	5,044	3,935
Total Debt	3,138	2,887	1,450	1,207	1,613	1,402
Net Cash (Debt)	4,809	-951.65	1,901	1,031	-1,235	-1,217
Net Cash Growth	423.98%	-	84.40%	-	-	-
Net Cash Per Share	187.83	-38.87	79.84	45.41	-67.01	-66.37
Filing Date Shares Outstanding	26.76	24.48	24.48	23.35	19.08	18.32
Total Common Shares Outstanding	26.76	24.48	24.48	23.35	19.08	18.32
Working Capital	-	7,111	6,933	4,890	1,730	1,086
Book Value Per Share	540.02	401.22	361.09	270.46	121.44	85.67
Tangible Book Value	13,913	9,392	8,413	5,908	2,310	1,562
Tangible Book Value Per Share	523.91	383.65	343.66	253.02	121.09	85.29
Machinery	-	873.35	584.9	466.03	345.34	266.09
Construction In Progress	-	305.79	70.18	40.15	-	37.57
Leasehold Improvements	-	585.88	433.6	342.21	272.31	236.05

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