Bajel Projects 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
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023
Revenue	25,852	25,982	11,692	5,689
Revenue Growth (YoY)	13.09%	122.22%	105.53%	-
Cost of Revenue	21,490	22,237	9,573	3,838
Gross Profit	4,363	3,746	2,119	1,851
Selling, General & Admin	1,495	1,278	838.33	927.6
Other Operating Expenses	1,992	1,872	1,176	793.84
Operating Expenses	3,674	3,277	2,072	1,775
Operating Income	688.93	468.99	46.75	75.5
Interest Expense	-499.78	-374.31	-134.94	-63.42
Interest & Investment Income	138.52	138.52	28.33	0.32
Other Non Operating Income (Expenses)	-34.85	5.88	171.61	262.45
EBT Excluding Unusual Items	241.8	239.08	111.75	274.84
Merger & Restructuring Charges	-	-	-	-275.27
Gain (Loss) on Sale of Investments	0.29	0.29	2.06	-
Gain (Loss) on Sale of Assets	0.37	0.37	-0.23	-1.94
Other Unusual Items	-77.21	-	-76.8	-
Pretax Income	165.25	239.74	36.78	-2.37
Income Tax Expense	55.66	85.11	-6.08	11.19
Net Income	109.59	154.64	42.87	-13.55
Net Income to Common	109.59	154.64	42.87	-13.55
Net Income Growth	-38.12%	260.75%	-	-
Shares Outstanding (Basic)	116	115	115	115
Shares Outstanding (Diluted)	116	116	115	115
Shares Change (YoY)	-0.39%	0.92%	0.16%	-
EPS (Basic)	0.95	1.34	0.37	-0.12
EPS (Diluted)	0.95	1.33	0.37	-0.12
EPS Growth	-37.81%	259.46%	-	-
Free Cash Flow	-	346.48	1,683	66.88
Free Cash Flow Per Share	-	2.98	14.60	0.58
Gross Margin	16.88%	14.42%	18.12%	32.53%
Operating Margin	2.67%	1.80%	0.40%	1.33%
Profit Margin	0.42%	0.60%	0.37%	-0.24%
Free Cash Flow Margin	-	1.33%	14.40%	1.18%
EBITDA	810.56	557.15	90.29	122.53
EBITDA Margin	3.14%	2.14%	0.77%	2.15%
D&A For EBITDA	121.63	88.16	43.54	47.03
EBIT	688.93	468.99	46.75	75.5
EBIT Margin	2.67%	1.80%	0.40%	1.33%
Effective Tax Rate	33.68%	35.50%	-	-
Revenue as Reported	26,121	26,291	11,945	6,154
Advertising Expenses	-	9.5	3.78	-

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