Bharat Rasayan 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	12,461	11,730	10,446	12,343	13,012	10,920
Revenue Growth (YoY)	5.95%	12.29%	-15.37%	-5.13%	19.15%	-10.13%
Cost of Revenue	8,173	7,770	7,210	8,391	8,426	6,840
Gross Profit	4,288	3,960	3,236	3,953	4,585	4,080
Selling, General & Admin	924.18	873.78	869.49	888.31	928.91	815.77
Other Operating Expenses	1,381	1,304	1,181	1,092	1,123	854.32
Operating Expenses	2,572	2,448	2,308	2,240	2,302	1,928
Operating Income	1,715	1,513	927.66	1,713	2,284	2,152
Interest Expense	-48.66	-47.16	-29.57	-58.07	-68.18	-36.81
Interest & Investment Income	7.46	7.46	4.71	4.33	3.85	3.74
Earnings From Equity Investments	4.28	158.18	139.04	-62.23	-11.49	-5.92
Currency Exchange Gain (Loss)	84.93	84.93	135.17	175.6	128.12	31.43
Other Non Operating Income (Expenses)	8.61	8.61	-	3.53	0.12	2.13
EBT Excluding Unusual Items	1,772	1,725	1,177	1,776	2,336	2,147
Gain (Loss) on Sale of Investments	125.11	125.11	55.97	7.78	1.63	19.15
Gain (Loss) on Sale of Assets	0.45	0.45	0.19	-	-	-
Other Unusual Items	-132.9	-	-	-43.43	-0.94	-12.63
Pretax Income	1,765	1,850	1,233	1,740	2,337	2,154
Income Tax Expense	437.58	440.88	278.05	493.98	576.94	514.8
Net Income	1,327	1,409	955.12	1,246	1,760	1,639
Net Income to Common	1,327	1,409	955.12	1,246	1,760	1,639
Net Income Growth	-27.45%	47.54%	-23.35%	-29.19%	7.39%	3.95%
Shares Outstanding (Basic)	17	17	17	17	17	17
Shares Outstanding (Diluted)	17	17	17	17	17	17
Shares Change (YoY)	0.00%	-	-	-	-2.21%	-
EPS (Basic)	79.84	84.79	57.47	74.98	105.89	96.42
EPS (Diluted)	79.84	84.78	57.47	74.97	105.89	96.42
EPS Growth	-27.45%	47.54%	-23.35%	-29.19%	9.82%	3.95%
Free Cash Flow	-	1,363	140.17	1,898	-1,212	1,398
Free Cash Flow Per Share	-	82.03	8.43	114.21	-72.91	82.23
Dividend Per Share	-	0.375	0.375	0.375	0.375	0.375
Gross Margin	34.41%	33.76%	30.98%	32.02%	35.24%	37.36%
Operating Margin	13.77%	12.89%	8.88%	13.87%	17.55%	19.71%
Profit Margin	10.65%	12.01%	9.14%	10.10%	13.53%	15.01%
Free Cash Flow Margin	-	11.62%	1.34%	15.38%	-9.31%	12.80%
EBITDA	1,993	1,782	1,185	1,972	2,532	2,409
EBITDA Margin	16.00%	15.19%	11.34%	15.98%	19.46%	22.06%
D&A For EBITDA	278.08	269.07	257.06	259.44	248.56	256.79
EBIT	1,715	1,513	927.66	1,713	2,284	2,152
EBIT Margin	13.77%	12.89%	8.88%	13.87%	17.55%	19.71%
Effective Tax Rate	24.80%	23.83%	22.55%	28.39%	24.69%	23.91%
Revenue as Reported	12,721	11,990	10,655	12,537	13,168	10,991
Advertising Expenses	-	12.57	15.78	9.07	6.13	6.06

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