NSE:GARUDA 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	3,854	2,257	1,542	1,607	770.21	719.55
Revenue Growth (YoY)	139.87%	46.37%	-4.05%	108.63%	7.04%	-41.94%
Cost of Revenue	2,487	1,397	943.61	1,008	422.13	533.99
Gross Profit	1,367	860.05	598.18	598.47	348.07	185.56
Selling, General & Admin	25.64	38.89	28.08	15.66	12.74	20.2
Other Operating Expenses	212.8	150.23	72.15	23.64	63.7	-15.86
Operating Expenses	242.63	193.24	104.34	44.51	79.55	7.3
Operating Income	1,124	666.82	493.84	553.95	268.52	178.26
Interest Expense	-2.37	-0.1	-0.13	-3.51	-19.46	-22.73
Interest & Investment Income	11.74	11.74	2.9	0.75	0.06	0.06
Other Non Operating Income (Expenses)	18.89	-10.06	-0.12	-0.32	-1.28	-0.56
EBT Excluding Unusual Items	1,153	668.4	496.5	550.87	247.84	155.03
Gain (Loss) on Sale of Investments	-	-	-	-	-	-32.14
Pretax Income	1,153	668.4	496.5	550.87	247.84	122.89
Income Tax Expense	292.5	170.42	132.15	142.92	60.02	30.11
Earnings From Continuing Operations	860.18	497.98	364.35	407.95	187.82	92.78
Minority Interest in Earnings	0.16	-0.03	-	-	-	-
Net Income	860.34	497.95	364.35	407.95	187.82	92.78
Net Income to Common	860.34	497.95	364.35	407.95	187.82	92.78
Net Income Growth	110.89%	36.67%	-10.69%	117.20%	102.44%	530.33%
Shares Outstanding (Basic)	92	83	75	75	75	75
Shares Outstanding (Diluted)	92	83	75	75	75	75
Shares Change (YoY)	23.47%	11.23%	-	-	-	-
EPS (Basic)	9.32	5.99	4.87	5.46	2.51	1.24
EPS (Diluted)	9.32	5.99	4.87	5.46	2.51	1.24
EPS Growth	70.80%	22.86%	-10.69%	117.20%	102.44%	530.33%
Free Cash Flow	-1,067	-1,112	-69.35	119.52	117.58	59.53
Free Cash Flow Per Share	-11.56	-13.38	-0.93	1.60	1.57	0.80
Gross Margin	35.47%	38.11%	38.80%	37.24%	45.19%	25.79%
Operating Margin	29.17%	29.55%	32.03%	34.47%	34.86%	24.77%
Profit Margin	22.32%	22.07%	23.63%	25.39%	24.39%	12.89%
Free Cash Flow Margin	-27.67%	-49.30%	-4.50%	7.44%	15.27%	8.27%
EBITDA	1,129	670.94	497.95	559.17	271.63	181.23
EBITDA Margin	29.28%	29.73%	32.30%	34.80%	35.27%	25.19%
D&A For EBITDA	4.19	4.12	4.11	5.21	3.11	2.97
EBIT	1,124	666.82	493.84	553.95	268.52	178.26
EBIT Margin	29.17%	29.55%	32.03%	34.47%	34.86%	24.77%
Effective Tax Rate	25.37%	25.50%	26.61%	25.94%	24.22%	24.50%
Revenue as Reported	3,901	2,274	1,545	1,610	770.28	752.02
Advertising Expenses	-	0.07	0.43	-	-	-

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