eMudhra 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	6,551	5,194	3,731	2,488	1,826	1,316
Revenue Growth (YoY)	38.73%	39.20%	49.99%	36.20%	38.79%	13.00%
Cost of Revenue	4,333	3,372	2,046	1,261	897.71	735.02
Gross Profit	2,217	1,822	1,686	1,227	928.66	580.91
Selling, General & Admin	166.57	166.57	125.62	127.03	111.43	60.3
Other Operating Expenses	533.69	417.2	397.11	226.65	144.11	122.19
Operating Expenses	1,011	821.18	798.08	511.98	385.39	269.31
Operating Income	1,207	1,001	887.46	714.65	543.27	311.6
Interest Expense	-20.86	-11.58	-30.05	-33.85	-45.6	-8.41
Interest & Investment Income	39.52	39.52	34.81	33.69	3.32	1.02
Currency Exchange Gain (Loss)	-	-	-	9.58	1.29	7.29
Other Non Operating Income (Expenses)	32.4	8.64	4.25	7.76	2.3	0.18
EBT Excluding Unusual Items	1,258	1,038	896.47	731.83	504.58	311.68
Gain (Loss) on Sale of Investments	36.27	36.27	7.4	1.96	-	0.12
Other Unusual Items	0.08	0.08	22.75	-	-	-
Pretax Income	1,294	1,074	926.62	733.79	504.58	311.8
Income Tax Expense	245.93	201.64	163.1	121.81	93.22	58.21
Earnings From Continuing Operations	1,048	872.34	763.52	611.98	411.36	253.59
Minority Interest in Earnings	-20.85	-25.96	-12.88	4.79	2.68	-78.99
Net Income	1,027	846.38	750.64	616.77	414.04	174.6
Net Income to Common	1,027	846.38	750.64	616.77	414.04	174.6
Net Income Growth	25.66%	12.75%	21.70%	48.96%	137.14%	4.89%
Shares Outstanding (Basic)	82	81	77	74	70	70
Shares Outstanding (Diluted)	83	83	79	77	70	70
Shares Change (YoY)	0.29%	4.77%	2.71%	9.66%	-	-
EPS (Basic)	12.54	10.41	9.74	8.35	5.90	2.49
EPS (Diluted)	12.40	10.22	9.50	8.01	5.90	2.49
EPS Growth	25.25%	7.58%	18.60%	35.77%	137.14%	4.98%
Free Cash Flow	-	184.14	-13.3	-285.06	-251.08	228.36
Free Cash Flow Per Share	-	2.22	-0.17	-3.70	-3.58	3.25
Dividend Per Share	-	1.250	1.250	1.250	1.250	-
Gross Margin	33.85%	35.08%	45.17%	49.31%	50.85%	44.14%
Operating Margin	18.42%	19.27%	23.79%	28.73%	29.75%	23.68%
Profit Margin	15.68%	16.30%	20.12%	24.79%	22.67%	13.27%
Free Cash Flow Margin	-	3.55%	-0.36%	-11.46%	-13.75%	17.35%
EBITDA	1,308	1,085	947.81	752.69	566.39	325.32
EBITDA Margin	19.97%	20.89%	25.40%	30.26%	31.01%	24.72%
D&A For EBITDA	101.7	83.98	60.35	38.04	23.12	13.72
EBIT	1,207	1,001	887.46	714.65	543.27	311.6
EBIT Margin	18.42%	19.27%	23.79%	28.73%	29.75%	23.68%
Effective Tax Rate	19.01%	18.77%	17.60%	16.60%	18.48%	18.67%
Revenue as Reported	6,659	5,278	3,800	2,541	1,837	1,325
Advertising Expenses	-	132.09	92.9	99.68	67.12	25.97

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