Art Nirman 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	Sep '25 Sep 30, 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	216.79	273.85	342.9	197.17	368.25	850.57
Revenue Growth (YoY)	-30.27%	-20.14%	73.91%	-46.46%	-56.71%	36.91%
Cost of Revenue	-87.3	-19.4	197.58	90.63	365.7	719.22
Gross Profit	304.08	293.26	145.32	106.54	2.55	131.35
Selling, General & Admin	7.76	7.28	15.42	13.08	11.51	13.62
Other Operating Expenses	261.43	252.91	108.39	83.73	89.82	91.4
Operating Expenses	274.37	266.02	130.57	103.89	108.46	112.27
Operating Income	29.71	27.24	14.75	2.64	-105.9	19.08
Interest Expense	-19.01	-10.72	-5.2	-2.04	-4.52	-18.92
Interest & Investment Income	3.62	3.62	1.01	0.28	0.33	0.57
Currency Exchange Gain (Loss)	-	-	-	-	-	0.02
Other Non Operating Income (Expenses)	-0.45	-0.48	0.9	-0.03	-	-0.64
EBT Excluding Unusual Items	13.87	19.66	11.46	0.85	-110.09	0.11
Gain (Loss) on Sale of Assets	-	-	-	-0.02	-	-
Pretax Income	13.87	19.66	11.46	0.84	-110.09	0.11
Income Tax Expense	-0.27	-0.27	-0.33	-0.29	-0.12	-0.1
Net Income	14.14	19.92	11.79	1.12	-109.97	0.2
Net Income to Common	14.14	19.92	11.79	1.12	-109.97	0.2
Net Income Growth	12.14%	69.03%	950.53%	-	-	-97.50%
Shares Outstanding (Basic)	26	25	25	25	25	25
Shares Outstanding (Diluted)	26	25	25	25	25	25
Shares Change (YoY)	3.01%	-	-	-	-	4.46%
EPS (Basic)	0.55	0.80	0.47	0.04	-4.41	0.01
EPS (Diluted)	0.55	0.80	0.47	0.04	-4.41	0.01
EPS Growth	9.36%	69.86%	1075.00%	-	-	-97.60%
Free Cash Flow	-79.16	-134.41	15.71	-73.1	92.86	197.77
Free Cash Flow Per Share	-3.07	-5.39	0.63	-2.93	3.72	7.92
Gross Margin	140.27%	107.09%	42.38%	54.03%	0.69%	15.44%
Operating Margin	13.71%	9.95%	4.30%	1.34%	-28.76%	2.24%
Profit Margin	6.52%	7.27%	3.44%	0.57%	-29.86%	0.02%
Free Cash Flow Margin	-36.52%	-49.08%	4.58%	-37.08%	25.22%	23.25%
EBITDA	34.9	33.08	21.51	9.73	-98.77	26.33
EBITDA Margin	16.10%	12.08%	6.27%	4.93%	-26.82%	3.09%
D&A For EBITDA	5.19	5.84	6.76	7.09	7.14	7.25
EBIT	29.71	27.24	14.75	2.64	-105.9	19.08
EBIT Margin	13.71%	9.95%	4.30%	1.34%	-28.76%	2.24%
Revenue as Reported	220.8	277.84	346.42	197.45	368.87	851.98

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