EMS Limited 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
Operating Revenue	8,930	9,658	7,933	5,382	3,599	3,307
Other Revenue	23.36	0.2	-0	-	-	-
Revenue	8,954	9,659	7,933	5,382	3,599	3,307
Revenue Growth (YoY)	-3.75%	21.75%	47.41%	49.52%	8.83%	1.55%
Cost of Revenue	6,729	6,941	5,747	3,734	2,369	2,239
Gross Profit	2,225	2,717	2,186	1,647	1,230	1,068
Selling, General & Admin	3.29	3.29	8.6	4.83	4.12	0.9
Other Operating Expenses	332.45	169.37	139.33	142.54	98.45	77.98
Operating Expenses	437.51	268.85	213.24	181.37	127.78	96.23
Operating Income	1,787	2,448	1,973	1,466	1,102	971.83
Interest Expense	-97.37	-36.55	-0.42	-0.79	-	-4.45
Interest & Investment Income	155.26	155.26	91.45	48.43	31.94	51.49
Earnings From Equity Investments	-	-	0.07	0.04	-	-
Other Non Operating Income (Expenses)	-77.26	-77.26	-61.88	-35.55	-57.16	-36.95
EBT Excluding Unusual Items	1,768	2,490	2,002	1,478	1,077	981.93
Gain (Loss) on Sale of Investments	-	-	0.59	-	-	-
Gain (Loss) on Sale of Assets	-	-	64.89	0.6	0.02	-
Pretax Income	1,768	2,490	2,068	1,479	1,077	981.93
Income Tax Expense	449.38	651.97	541.26	390.31	288.39	262.81
Earnings From Continuing Operations	1,319	1,838	1,527	1,089	788.5	719.11
Minority Interest in Earnings	-6.39	-2.43	-2.8	-11.64	-7.81	-0.28
Net Income	1,312	1,835	1,524	1,077	780.7	718.84
Net Income to Common	1,312	1,835	1,524	1,077	780.7	718.84
Net Income Growth	-28.80%	20.45%	41.50%	37.94%	8.61%	-0.76%
Shares Outstanding (Basic)	56	56	56	47	47	47
Shares Outstanding (Diluted)	56	56	56	47	47	47
Shares Change (YoY)	0.01%	-	18.15%	-	-	-
EPS (Basic)	23.63	33.05	27.44	22.91	16.61	15.29
EPS (Diluted)	23.43	33.05	27.44	22.91	16.61	15.29
EPS Growth	-29.41%	20.44%	19.78%	37.92%	8.61%	-0.76%
Free Cash Flow	-	271.94	-1,488	-45.01	191.47	274.77
Free Cash Flow Per Share	-	4.90	-26.79	-0.96	4.07	5.85
Dividend Per Share	-	1.500	2.000	-	-	-
Dividend Growth	-	-25.00%	-	-	-	-
Gross Margin	24.85%	28.13%	27.56%	30.61%	34.17%	32.30%
Operating Margin	19.96%	25.35%	24.87%	27.24%	30.62%	29.39%
Profit Margin	14.66%	19.00%	19.21%	20.01%	21.69%	21.74%
Free Cash Flow Margin	-	2.82%	-18.75%	-0.84%	5.32%	8.31%
EBITDA	1,902	2,540	2,034	1,487	1,119	983.82
EBITDA Margin	21.24%	26.30%	25.64%	27.64%	31.08%	29.75%
D&A For EBITDA	114.34	91.39	60.78	21.29	16.41	11.99
EBIT	1,787	2,448	1,973	1,466	1,102	971.83
EBIT Margin	19.96%	25.35%	24.87%	27.24%	30.62%	29.39%
Effective Tax Rate	25.42%	26.19%	26.17%	26.39%	26.78%	26.77%
Revenue as Reported	9,112	9,817	8,091	5,433	3,632	3,362
Advertising Expenses	-	1.45	4.6	1.15	0.65	-

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