Midwest Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Operating Revenue	6,456	6,262	5,856	5,025	5,252
Other Revenue	141.57	-	-	94.16	42.99
Revenue	6,598	6,262	5,856	5,119	5,295
Revenue Growth (YoY)	5.37%	6.93%	14.39%	-3.32%	36.67%
Cost of Revenue	2,567	3,089	3,051	2,866	3,036
Gross Profit	4,031	3,173	2,805	2,253	2,260
Selling, General & Admin	568.67	534.37	441.43	408.38	565.73
Other Operating Expenses	1,577	810.56	701.33	767.12	543.68
Operating Expenses	2,456	1,617	1,433	1,434	1,301
Operating Income	1,575	1,556	1,372	819.01	958.4
Interest Expense	-137.75	-106.12	-81.85	-88.4	-87.1
Interest & Investment Income	-	63.71	21.69	16.76	9.88
Earnings From Equity Investments	-	257.88	-	0.05	-5.63
Currency Exchange Gain (Loss)	-	-15.82	3.42	-28.6	43.91
Other Non Operating Income (Expenses)	-	5.81	0.25	11.39	5.35
EBT Excluding Unusual Items	1,437	1,762	1,316	730.21	924.8
Impairment of Goodwill	-	-	-14.77	-	-0.11
Gain (Loss) on Sale of Investments	-	42.75	8.49	-	2.86
Gain (Loss) on Sale of Assets	-	-2.3	56.58	6.06	4.78
Asset Writedown	-	-33.2	-16.17	-0.42	-4.75
Other Unusual Items	-	11.07	28.1	51.14	0.27
Pretax Income	1,437	1,780	1,378	786.99	933.02
Income Tax Expense	372.57	447.07	374.81	242.63	262.08
Earnings From Continuing Operations	1,065	1,333	1,003	544.36	670.94
Minority Interest in Earnings	-16.31	-108.87	-37.95	-3.53	-37.93
Net Income	1,048	1,224	965.29	540.83	633.01
Net Income to Common	1,048	1,224	965.29	540.83	633.01
Net Income Growth	-14.35%	26.81%	78.48%	-14.56%	11.47%
Shares Outstanding (Basic)	36	34	34	34	34
Shares Outstanding (Diluted)	36	34	34	34	34
Shares Change (YoY)	5.29%	-	-	-	55.04%
EPS (Basic)	29.45	36.20	28.55	16.00	18.72
EPS (Diluted)	29.45	36.20	28.55	16.00	18.72
EPS Growth	-18.65%	26.81%	78.48%	-14.56%	-28.11%
Free Cash Flow	447.62	-965.22	648.17	-963.98	791.3
Free Cash Flow Per Share	12.57	-28.55	19.17	-28.51	23.40
Dividend Per Share	-	-	-	3.956	-
Gross Margin	61.10%	50.67%	47.90%	44.02%	42.68%
Operating Margin	23.87%	24.85%	23.43%	16.00%	18.10%
Profit Margin	15.89%	19.55%	16.48%	10.56%	11.95%
Free Cash Flow Margin	6.78%	-15.41%	11.07%	-18.83%	14.94%
EBITDA	1,885	1,796	1,589	1,029	1,129
EBITDA Margin	28.57%	28.68%	27.13%	20.10%	21.32%
D&A For EBITDA	310.18	239.47	216.37	210	170.84
EBIT	1,575	1,556	1,372	819.01	958.4
EBIT Margin	23.87%	24.85%	23.43%	16.00%	18.10%
Effective Tax Rate	25.92%	25.11%	27.20%	30.83%	28.09%
Revenue as Reported	6,598	6,431	6,033	5,222	5,395
Advertising Expenses	-	7.65	5.59	3.66	0.62

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