JSW Infrastructure 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	51,223	44,761	37,629	31,947	22,731	16,036
Other Revenue	76	76	82.8	82.6	82.52	109.96
Revenue	51,299	44,837	37,712	32,030	22,813	16,146
Revenue Growth (YoY)	19.37%	18.89%	17.74%	40.40%	41.30%	38.81%
Cost of Revenue	23,996	19,841	16,434	14,365	10,078	6,860
Gross Profit	27,303	24,996	21,278	17,665	12,735	9,286
Selling, General & Admin	66.6	66.6	51.8	31	11.89	4.66
Other Operating Expenses	2,341	2,167	1,397	1,239	1,498	1,067
Operating Expenses	8,372	7,700	5,814	5,182	5,205	3,778
Operating Income	18,931	17,297	15,464	12,483	7,530	5,508
Interest Expense	-3,163	-2,930	-2,730	-2,360	-3,284	-1,918
Interest & Investment Income	2,290	2,290	1,900	1,200	739.49	646.33
Currency Exchange Gain (Loss)	1,030	743.6	-433	-3,142	0.63	5.8
Other Non Operating Income (Expenses)	-290.2	-210.8	189.2	-177.8	-738.73	-360.46
EBT Excluding Unusual Items	18,798	17,190	14,391	8,003	4,248	3,882
Gain (Loss) on Sale of Investments	834.9	834.9	243.1	3.9	-	12.03
Gain (Loss) on Sale of Assets	3.5	3.5	16.7	103.3	12.05	32.02
Pretax Income	19,564	18,028	14,650	8,110	4,260	3,926
Income Tax Expense	3,176	2,814	3,043	614.8	955.46	1,080
Earnings From Continuing Operations	16,388	15,215	11,607	7,495	3,304	2,846
Minority Interest in Earnings	-244.2	-184	-47.8	-96.8	-24.91	67.6
Net Income	16,144	15,031	11,559	7,398	3,279	2,914
Net Income to Common	16,144	15,031	11,559	7,398	3,279	2,914
Net Income Growth	21.96%	30.03%	56.24%	125.60%	12.55%	53.02%
Shares Outstanding (Basic)	2,078	2,067	1,922	1,798	1,798	1,798
Shares Outstanding (Diluted)	2,092	2,091	1,967	1,843	1,810	1,804
Shares Change (YoY)	0.33%	6.33%	6.74%	1.81%	0.36%	2902.80%
EPS (Basic)	7.77	7.27	6.01	4.12	1.82	1.62
EPS (Diluted)	7.72	7.19	5.88	4.01	1.81	1.62
EPS Growth	21.55%	22.28%	46.63%	121.55%	11.73%	-94.89%
Free Cash Flow	-	248.7	15,545	15,179	6,672	-7,324
Free Cash Flow Per Share	-	0.12	7.90	8.24	3.69	-4.06
Dividend Per Share	-	0.800	0.550	-	-	-
Dividend Growth	-	45.45%	-	-	-	-
Gross Margin	53.22%	55.75%	56.42%	55.15%	55.82%	57.52%
Operating Margin	36.90%	38.58%	41.01%	38.97%	33.01%	34.12%
Profit Margin	31.47%	33.52%	30.65%	23.10%	14.37%	18.05%
Free Cash Flow Margin	-	0.56%	41.22%	47.39%	29.24%	-45.36%
EBITDA	24,869	22,454	19,579	16,189	10,985	8,098
EBITDA Margin	48.48%	50.08%	51.92%	50.54%	48.15%	50.16%
D&A For EBITDA	5,938	5,157	4,115	3,706	3,455	2,590
EBIT	18,931	17,297	15,464	12,483	7,530	5,508
EBIT Margin	36.90%	38.58%	41.01%	38.97%	33.01%	34.12%
Effective Tax Rate	16.23%	15.61%	20.77%	7.58%	22.43%	27.51%
Revenue as Reported	54,673	48,291	40,323	33,729	23,787	16,783
Advertising Expenses	-	66.6	51.8	31	11.89	4.66

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