NSE:ARE_M 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	133,383	128,463	117,084	103,920	86,972	71,498
Revenue	133,383	128,463	117,084	103,920	86,972	71,498
Revenue Growth (YoY)	5.08%	9.72%	12.67%	19.49%	21.64%	4.54%
Cost of Revenue	90,380	87,140	78,947	70,334	61,439	47,609
Gross Profit	43,003	41,323	38,137	33,586	25,533	23,888
Selling, General & Admin	9,918	9,041	8,121	6,949	5,399	4,552
Other Operating Expenses	18,487	16,044	13,375	12,140	9,789	8,155
Operating Expenses	34,363	30,365	26,355	23,617	19,181	15,914
Operating Income	8,641	10,959	11,782	9,969	6,352	7,974
Interest Expense	-72.9	-118.5	-144.2	-150.4	-59.8	-34.4
Interest & Investment Income	56.6	56.6	108.5	111.7	46	63.1
Currency Exchange Gain (Loss)	382.7	382.7	295.7	407.8	335.6	229.4
Other Non Operating Income (Expenses)	-143.1	-39	66.2	99.7	94.8	214.5
EBT Excluding Unusual Items	8,864	11,240	12,108	10,438	6,769	8,447
Gain (Loss) on Sale of Investments	363.8	363.8	288	147.1	118.3	164.1
Gain (Loss) on Sale of Assets	-43.6	-43.6	-38.4	-150.1	-69.6	-9.1
Other Unusual Items	802	1,171	144.7	-468.5	93.9	131.6
Pretax Income	9,986	12,732	12,502	9,967	6,911	8,734
Income Tax Expense	2,556	3,285	3,158	2,658	1,786	2,265
Net Income	7,430	9,447	9,344	7,308	5,126	6,468
Net Income to Common	7,430	9,447	9,344	7,308	5,126	6,468
Net Income Growth	-26.64%	1.10%	27.85%	42.58%	-20.76%	-2.11%
Shares Outstanding (Basic)	183	183	183	183	171	171
Shares Outstanding (Diluted)	183	183	183	183	171	171
Shares Change (YoY)	0.00%	-	-	7.15%	-	-
EPS (Basic)	40.60	51.61	51.05	39.93	30.01	37.87
EPS (Diluted)	40.60	51.61	51.05	39.93	30.01	37.87
EPS Growth	-26.65%	1.10%	27.85%	33.07%	-20.76%	-2.11%
Free Cash Flow	-	1,512	3,946	4,339	-1,277	3,056
Free Cash Flow Per Share	-	8.26	21.56	23.71	-7.47	17.89
Dividend Per Share	10.600	10.500	9.900	6.100	4.500	11.000
Dividend Growth	1.92%	6.06%	62.30%	35.56%	-59.09%	-
Gross Margin	32.24%	32.17%	32.57%	32.32%	29.36%	33.41%
Operating Margin	6.48%	8.53%	10.06%	9.59%	7.30%	11.15%
Profit Margin	5.57%	7.35%	7.98%	7.03%	5.89%	9.05%
Free Cash Flow Margin	-	1.18%	3.37%	4.17%	-1.47%	4.27%
EBITDA	13,557	15,631	16,130	14,012	9,957	10,892
EBITDA Margin	10.16%	12.17%	13.78%	13.48%	11.45%	15.23%
D&A For EBITDA	4,916	4,673	4,348	4,043	3,605	2,918
EBIT	8,641	10,959	11,782	9,969	6,352	7,974
EBIT Margin	6.48%	8.53%	10.06%	9.59%	7.30%	11.15%
Effective Tax Rate	25.60%	25.80%	25.26%	26.67%	25.84%	25.94%
Revenue as Reported	134,435	129,619	118,189	104,844	87,751	72,371
Advertising Expenses	-	767.6	728.6	394.3	383.4	270.2

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