EMS Limited (NSE:EMSLIMITED)

EMS Limited Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Operating Revenue	9,374	9,658	7,933	5,382	3,599	3,307
Other Revenue	0.2	0.2	-0	-	-	-
Revenue	9,375	9,659	7,933	5,382	3,599	3,307
Revenue Growth (YoY)	5.98%	21.75%	47.41%	49.52%	8.83%	1.55%
Cost of Revenue	6,850	6,941	5,747	3,734	2,369	2,239
Gross Profit	2,525	2,717	2,186	1,647	1,230	1,068
Selling, General & Admin	3.29	3.29	8.6	4.83	4.12	0.9
Other Operating Expenses	262.51	169.37	139.33	142.54	98.45	77.98
Operating Expenses	366.9	268.85	213.24	181.37	127.78	96.23
Operating Income	2,158	2,448	1,973	1,466	1,102	971.83
Interest Expense	-76.17	-36.55	-0.42	-0.79	-	-4.45
Interest & Investment Income	155.26	155.26	91.45	48.43	31.94	51.49
Earnings From Equity Investments	-	-	0.07	0.04	-	-
Other Non Operating Income (Expenses)	-42.92	-77.26	-61.88	-35.55	-57.16	-36.95
EBT Excluding Unusual Items	2,194	2,490	2,002	1,478	1,077	981.93
Gain (Loss) on Sale of Investments	-	-	0.59	-	-	-
Gain (Loss) on Sale of Assets	-	-	64.89	0.6	0.02	-
Pretax Income	2,194	2,490	2,068	1,479	1,077	981.93
Income Tax Expense	562.59	651.97	541.26	390.31	288.39	262.81
Earnings From Continuing Operations	1,632	1,838	1,527	1,089	788.5	719.11
Minority Interest in Earnings	-2.79	-2.43	-2.8	-11.64	-7.81	-0.28
Net Income	1,629	1,835	1,524	1,077	780.7	718.84
Net Income to Common	1,629	1,835	1,524	1,077	780.7	718.84
Net Income Growth	-4.85%	20.45%	41.50%	37.94%	8.61%	-0.76%
Shares Outstanding (Basic)	56	56	56	47	47	47
Shares Outstanding (Diluted)	56	56	56	47	47	47
Shares Change (YoY)	-	-	18.15%	-	-	-
EPS (Basic)	29.33	33.05	27.44	22.91	16.61	15.29
EPS (Diluted)	29.33	33.05	27.44	22.91	16.61	15.29
EPS Growth	-4.87%	20.44%	19.78%	37.92%	8.61%	-0.76%
Free Cash Flow	-766.06	271.94	-1,488	-45.01	191.47	274.77
Free Cash Flow Per Share	-13.79	4.90	-26.79	-0.96	4.07	5.85
Dividend Per Share	1.500	1.500	2.000	-	-	-
Dividend Growth	50.00%	-25.00%	-	-	-	-
Gross Margin	26.93%	28.13%	27.56%	30.61%	34.17%	32.30%
Operating Margin	23.02%	25.35%	24.87%	27.24%	30.62%	29.39%
Profit Margin	17.38%	19.00%	19.21%	20.01%	21.69%	21.74%
Free Cash Flow Margin	-8.17%	2.82%	-18.75%	-0.84%	5.32%	8.31%
EBITDA	2,254	2,540	2,034	1,487	1,119	983.82
EBITDA Margin	24.05%	26.30%	25.64%	27.64%	31.08%	29.75%
D&A For EBITDA	96.3	91.39	60.78	21.29	16.41	11.99
EBIT	2,158	2,448	1,973	1,466	1,102	971.83
EBIT Margin	23.02%	25.35%	24.87%	27.24%	30.62%	29.39%
Effective Tax Rate	25.64%	26.19%	26.17%	26.39%	26.78%	26.77%
Revenue as Reported	9,567	9,817	8,091	5,433	3,632	3,362
Advertising Expenses	-	1.45	4.6	1.15	0.65	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.