NSE:ARVEE 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	271.6	384.87	303.45	613.47	399.65	473.75
Revenue Growth (YoY)	-28.87%	26.83%	-50.53%	53.50%	-15.64%	4.31%
Cost of Revenue	106.54	206.85	147.02	394.48	224.4	295.02
Gross Profit	165.06	178.02	156.43	218.99	175.25	178.74
Selling, General & Admin	71.24	70.21	59.52	61.67	57.08	55.57
Other Operating Expenses	70.63	71.69	67.54	84.51	65.02	62.48
Operating Expenses	153.55	153.39	142.04	166.97	145.31	142.11
Operating Income	11.51	24.62	14.39	52.02	29.94	36.62
Interest Expense	-1.25	-1.51	-1.88	-2.86	-3.15	-4.92
Interest & Investment Income	4.03	4.03	3.58	2.01	2.65	2.82
Currency Exchange Gain (Loss)	1.14	1.14	1.48	11.35	3.63	-0.09
Other Non Operating Income (Expenses)	-0.05	-0.91	0.08	-0.96	-0.47	-0.77
EBT Excluding Unusual Items	15.37	27.38	17.65	61.56	32.6	33.67
Gain (Loss) on Sale of Investments	1.34	1.34	0.64	0.08	1.24	2.95
Gain (Loss) on Sale of Assets	-0.01	-0.01	-	0.01	-	-0.21
Pretax Income	16.7	28.71	18.3	61.65	34.49	36.41
Income Tax Expense	-4.05	7.24	7.78	20.46	8.75	9.64
Net Income	20.75	21.47	10.52	41.19	25.74	26.77
Net Income to Common	20.75	21.47	10.52	41.19	25.74	26.77
Net Income Growth	-5.42%	104.15%	-74.46%	60.04%	-3.87%	16.46%
Shares Outstanding (Basic)	11	11	11	11	11	9
Shares Outstanding (Diluted)	11	11	11	11	11	9
Shares Change (YoY)	0.27%	-	-	-	29.28%	-22.65%
EPS (Basic)	1.88	1.95	0.95	3.74	2.34	3.14
EPS (Diluted)	1.88	1.95	0.95	3.74	2.34	3.14
EPS Growth	-5.47%	105.11%	-74.58%	60.04%	-25.64%	50.56%
Free Cash Flow	-	-20.6	10.78	14.45	-16.83	-5.8
Free Cash Flow Per Share	-	-1.87	0.98	1.31	-1.53	-0.68
Gross Margin	60.77%	46.25%	51.55%	35.70%	43.85%	37.73%
Operating Margin	4.24%	6.40%	4.74%	8.48%	7.49%	7.73%
Profit Margin	7.64%	5.58%	3.47%	6.71%	6.44%	5.65%
Free Cash Flow Margin	-	-5.35%	3.55%	2.35%	-4.21%	-1.22%
EBITDA	20.43	36.11	29.29	72.73	53.05	60.6
EBITDA Margin	7.52%	9.38%	9.65%	11.86%	13.28%	12.79%
D&A For EBITDA	8.93	11.49	14.9	20.71	23.12	23.98
EBIT	11.51	24.62	14.39	52.02	29.94	36.62
EBIT Margin	4.24%	6.40%	4.74%	8.48%	7.49%	7.73%
Effective Tax Rate	-	25.20%	42.51%	33.19%	25.37%	26.47%
Revenue as Reported	279.02	391.44	309.85	626.99	407.9	479.6
Advertising Expenses	-	0.27	0.23	0.31	0.17	0.14

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