Recode Studios Income Statement

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	477.98	368.2	223.79	190.49
Revenue Growth (YoY)	29.82%	64.53%	17.48%	-
Cost of Revenue	195.11	182.99	117.18	103.39
Gross Profit	282.87	185.2	106.6	87.1
Selling, General & Admin	146.1	114.94	64.09	57.76
Other Operating Expenses	74.93	53.11	27.94	18.62
Operating Expenses	227.43	173.39	94.17	76.76
Operating Income	55.45	11.81	12.43	10.34
Interest Expense	-10.71	-8.17	-2.68	-0.21
Interest & Investment Income	-	0.02	0.01	0
Currency Exchange Gain (Loss)	1.3	1.08	0.57	0
Other Non Operating Income (Expenses)	-1.69	-0.91	-0.99	-0.09
Pretax Income	44.35	3.83	9.33	10.05
Income Tax Expense	11.32	1.09	2.41	2.56
Net Income	33.03	2.74	6.93	7.49
Net Income to Common	33.03	2.74	6.93	7.49
Net Income Growth	1104.12%	-60.41%	-7.51%	-
Shares Outstanding (Basic)	8	8	8	8
Shares Outstanding (Diluted)	8	8	8	8
Shares Change (YoY)	-	3.62%	0.60%	-
EPS (Basic)	4.06	0.34	0.88	-
EPS (Diluted)	4.06	0.34	0.88	-
EPS Growth	1104.12%	-61.71%	-	-
Free Cash Flow	20.78	-34.74	-60.81	-
Free Cash Flow Per Share	2.55	-4.27	-7.74	-
Gross Margin	59.18%	50.30%	47.63%	45.73%
Operating Margin	11.60%	3.21%	5.55%	5.43%
Profit Margin	6.91%	0.74%	3.10%	3.93%
Free Cash Flow Margin	4.35%	-9.43%	-27.18%	-
EBITDA	61.85	17.15	14.57	-
EBITDA Margin	12.94%	4.66%	6.51%	-
D&A For EBITDA	6.4	5.34	2.14	-
EBIT	55.45	11.81	12.43	10.34
EBIT Margin	11.60%	3.21%	5.55%	5.43%
Effective Tax Rate	25.52%	28.40%	25.78%	25.47%
Revenue as Reported	479.39	369.35	224.39	190.49
Advertising Expenses	88.62	54.65	25.39	-