Armour Security (India). 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	FY 2021
Period Ending	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	356.55	329.33	288.46	268.08	206.09
Revenue Growth (YoY)	8.27%	14.17%	7.60%	30.08%	24.96%
Cost of Revenue	276.59	264.96	243.86	251.99	132.13
Gross Profit	79.97	64.37	44.6	16.09	73.97
Selling, General & Admin	4.92	3.38	3.41	3.45	66.15
Other Operating Expenses	23.61	23.79	9.58	6.78	0.5
Operating Expenses	30.71	29.39	14.92	12.4	69.25
Operating Income	49.26	34.98	29.68	3.69	4.71
Interest Expense	-4.5	-1.44	-0.63	-0.44	-0.2
Interest & Investment Income	0.35	1.51	1.1	0.88	0.73
Other Non Operating Income (Expenses)	-0.06	-0.07	-0.1	-0.24	-0.48
EBT Excluding Unusual Items	45.05	34.98	30.05	3.89	4.76
Gain (Loss) on Sale of Assets	0.14	-	-	-	0.08
Other Unusual Items	7.9	-	0.1	-	-
Pretax Income	53.1	34.98	30.16	3.89	4.84
Income Tax Expense	13.36	8.8	7.59	0.98	2.47
Net Income	39.74	26.18	22.57	2.91	2.37
Net Income to Common	39.74	26.18	22.57	2.91	2.37
Net Income Growth	51.80%	16.00%	674.66%	22.85%	-2.87%
Shares Outstanding (Basic)	12	12	5	5	5
Shares Outstanding (Diluted)	12	12	5	5	5
Shares Change (YoY)	-	125.05%	-	-	-
EPS (Basic)	3.25	2.14	4.16	0.54	0.44
EPS (Diluted)	3.25	2.14	4.16	0.54	0.44
EPS Growth	51.80%	-48.46%	674.66%	22.85%	-2.87%
Free Cash Flow	-3.71	2.21	3.16	22.08	-
Free Cash Flow Per Share	-0.30	0.18	0.58	4.07	-
Gross Margin	22.43%	19.55%	15.46%	6.00%	35.89%
Operating Margin	13.82%	10.62%	10.29%	1.38%	2.29%
Profit Margin	11.14%	7.95%	7.82%	1.09%	1.15%
Free Cash Flow Margin	-1.04%	0.67%	1.10%	8.24%	-
EBITDA	51.43	37.2	31.61	5.86	7.31
EBITDA Margin	14.42%	11.30%	10.96%	2.19%	3.55%
D&A For EBITDA	2.17	2.22	1.93	2.17	2.59
EBIT	49.26	34.98	29.68	3.69	4.71
EBIT Margin	13.82%	10.62%	10.29%	1.38%	2.29%
Effective Tax Rate	25.16%	25.17%	25.17%	25.15%	50.98%
Revenue as Reported	365.6	331.01	289.71	269.08	206.95
Advertising Expenses	1.19	0.22	0.37	0.51	0.33

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