Forcas Studio 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	1,703	1,422	1,619	696.05	532	505.1
Revenue Growth (YoY)	-2.70%	-12.15%	132.62%	30.84%	5.33%	-
Cost of Revenue	1,216	1,006	1,196	526	455.85	435.91
Gross Profit	486.97	416.19	423.36	170.05	76.15	69.19
Selling, General & Admin	280.87	279.94	285.32	25.59	21.2	18.29
Other Operating Expenses	32.82	0.17	-0.06	100.66	21.32	19
Operating Expenses	316.98	283.39	288.01	129.95	45.17	40.04
Operating Income	169.99	132.81	135.34	40.1	30.98	29.15
Interest Expense	-14.9	-21.47	-31.52	-29.14	-24.54	-25.33
Interest & Investment Income	6.05	6.05	10.15	1.58	1.99	2.46
Other Non Operating Income (Expenses)	-5.31	-1	-5.1	-1.08	-0.62	-0.73
EBT Excluding Unusual Items	155.84	116.39	108.88	11.46	7.8	5.56
Gain (Loss) on Sale of Assets	0.07	0.07	-	-	-	-
Pretax Income	155.91	116.46	108.88	11.46	7.84	5.56
Income Tax Expense	40.62	30.17	23.3	-0.26	-0.23	-0.28
Net Income	115.29	86.29	85.57	11.72	8.07	5.84
Net Income to Common	115.29	86.29	85.57	11.72	8.07	5.84
Net Income Growth	19.77%	0.84%	630.20%	45.20%	38.25%	-
Shares Outstanding (Basic)	18	16	10	9	8	7
Shares Outstanding (Diluted)	18	16	10	9	8	7
Shares Change (YoY)	62.82%	56.91%	16.28%	3.54%	16.70%	-
EPS (Basic)	6.56	5.50	8.55	1.36	0.97	0.82
EPS (Diluted)	6.56	5.50	8.55	1.36	0.97	0.82
EPS Growth	-26.45%	-35.73%	529.03%	40.21%	18.29%	-
Free Cash Flow	-200.84	-109.72	-1,641	45.98	24.02	23.54
Free Cash Flow Per Share	-11.43	-6.99	-164.04	5.34	2.89	3.31
Gross Margin	28.59%	29.26%	26.15%	24.43%	14.31%	13.70%
Operating Margin	9.98%	9.34%	8.36%	5.76%	5.82%	5.77%
Profit Margin	6.77%	6.07%	5.29%	1.68%	1.52%	1.16%
Free Cash Flow Margin	-11.79%	-7.71%	-101.34%	6.61%	4.52%	4.66%
EBITDA	173.29	136.08	138.1	43.81	33.63	31.9
EBITDA Margin	10.17%	9.57%	8.53%	6.29%	6.32%	6.32%
D&A For EBITDA	3.3	3.28	2.75	3.7	2.66	2.75
EBIT	169.99	132.81	135.34	40.1	30.98	29.15
EBIT Margin	9.98%	9.34%	8.36%	5.76%	5.82%	5.77%
Effective Tax Rate	26.05%	25.90%	21.40%	-	-	-
Revenue as Reported	1,707	1,430	1,629	716.24	538.04	511.31
Advertising Expenses	-	1.08	-	0.01	0.27	0.4

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