Dhara Rail Projects 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	444.84	314.68	261.73	182.62	238.86
Revenue Growth (YoY)	41.36%	20.23%	43.32%	-23.54%	-1.90%
Cost of Revenue	211.72	160.4	157.92	153.76	216.11
Gross Profit	233.12	154.29	103.81	28.86	22.75
Selling, General & Admin	111.33	109.92	95.43	48.87	21.07
Other Operating Expenses	68.54	29.81	0.03	-21.95	0.43
Operating Expenses	180.29	140.12	95.91	27.5	21.99
Operating Income	52.83	14.17	7.9	1.36	0.76
Interest Expense	-1.29	-0.79	-0.04	-0	-0
Interest & Investment Income	11.88	10.09	5.74	4.31	5.06
Other Non Operating Income (Expenses)	-0.27	-0.03	0.78	-0.19	-0.13
EBT Excluding Unusual Items	63.15	23.45	14.38	5.48	5.69
Gain (Loss) on Sale of Investments	22.43	16.25	1.75	1.38	0.36
Gain (Loss) on Sale of Assets	-	-	-	-	-0.31
Pretax Income	85.58	39.7	16.12	6.86	5.74
Income Tax Expense	20.3	10.02	4.43	2.28	1.75
Net Income	65.28	29.68	11.69	4.58	3.99
Net Income to Common	65.28	29.68	11.69	4.58	3.99
Net Income Growth	119.95%	153.91%	155.32%	14.62%	-10.91%
Shares Outstanding (Basic)	11	11	11	11	11
Shares Outstanding (Diluted)	11	11	11	11	11
EPS (Basic)	5.88	2.67	1.05	0.41	0.36
EPS (Diluted)	5.88	2.67	1.05	0.41	0.36
EPS Growth	120.23%	153.56%	155.32%	14.63%	-10.92%
Free Cash Flow	-50	-20.57	-14.95	-56.09	26.89
Free Cash Flow Per Share	-4.50	-1.85	-1.35	-5.05	2.42
Gross Margin	52.41%	49.03%	39.66%	15.80%	9.52%
Operating Margin	11.88%	4.50%	3.02%	0.75%	0.32%
Profit Margin	14.67%	9.43%	4.47%	2.51%	1.67%
Free Cash Flow Margin	-11.24%	-6.54%	-5.71%	-30.71%	11.26%
EBITDA	53.26	14.56	8.35	1.94	1.25
EBITDA Margin	11.97%	4.63%	3.19%	1.06%	0.52%
D&A For EBITDA	0.43	0.39	0.45	0.57	0.49
EBIT	52.83	14.17	7.9	1.36	0.76
EBIT Margin	11.88%	4.50%	3.02%	0.75%	0.32%
Effective Tax Rate	23.72%	25.24%	27.51%	33.26%	30.41%
Revenue as Reported	479.98	342.28	270.16	210.39	244.34
Advertising Expenses	0.01	0.3	0.31	0.41	0.1

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