Hardwyn India 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	Dec '25 Dec 31, 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
Operating Revenue	1,884	1,846	1,528	1,647	845.58	577.43
Other Revenue	-0	-	-	-	-	0
Revenue	1,884	1,846	1,528	1,647	845.58	577.43
Revenue Growth (YoY)	2.86%	20.78%	-7.17%	94.73%	46.44%	400.61%
Cost of Revenue	1,619	1,587	1,293	1,437	751.94	539.25
Gross Profit	264.51	258.86	235.68	209.91	93.64	38.18
Selling, General & Admin	55.09	52.26	47.11	31.78	27.84	11.34
Other Operating Expenses	24.65	26.06	23.75	42.6	14.38	6.29
Operating Expenses	97.76	96.08	82.98	77.3	43.37	17.99
Operating Income	166.76	162.78	152.7	132.62	50.26	20.19
Interest Expense	-6.88	-9.98	-9.87	-6.74	-4.65	-1.65
Interest & Investment Income	1.13	1.13	0.84	0.43	0.5	0.1
Currency Exchange Gain (Loss)	5.28	5.28	4.12	6.61	2.23	3.03
Other Non Operating Income (Expenses)	-2.26	-0.7	-1.82	-1.81	-1.16	-0.44
Pretax Income	164.02	158.5	145.97	131.11	47.18	21.23
Income Tax Expense	47.64	46.19	43.61	38.31	13.11	5.87
Net Income	116.38	112.31	102.36	92.81	34.07	15.36
Net Income to Common	116.38	112.31	102.36	92.81	34.07	15.36
Net Income Growth	-8.38%	9.72%	10.30%	172.38%	121.76%	1437.38%
Shares Outstanding (Basic)	485	488	488	474	286	286
Shares Outstanding (Diluted)	485	488	488	474	286	286
Shares Change (YoY)	-0.67%	-	3.05%	65.96%	-	-
EPS (Basic)	0.24	0.23	0.21	0.20	0.12	0.05
EPS (Diluted)	0.24	0.23	0.21	0.19	0.12	0.05
EPS Growth	-6.88%	9.72%	8.64%	61.69%	121.77%	1437.44%
Free Cash Flow	-	6.82	-32.64	-14.16	-8.75	-37.58
Free Cash Flow Per Share	-	0.01	-0.07	-0.03	-0.03	-0.13
Gross Margin	14.04%	14.02%	15.42%	12.75%	11.07%	6.61%
Operating Margin	8.85%	8.82%	9.99%	8.05%	5.94%	3.50%
Profit Margin	6.18%	6.08%	6.70%	5.64%	4.03%	2.66%
Free Cash Flow Margin	-	0.37%	-2.14%	-0.86%	-1.03%	-6.51%
EBITDA	180.81	173.21	158.3	135.54	51.42	20.55
EBITDA Margin	9.60%	9.38%	10.36%	8.23%	6.08%	3.56%
D&A For EBITDA	14.05	10.43	5.6	2.92	1.15	0.36
EBIT	166.76	162.78	152.7	132.62	50.26	20.19
EBIT Margin	8.85%	8.82%	9.99%	8.05%	5.94%	3.50%
Effective Tax Rate	29.05%	29.14%	29.87%	29.22%	27.78%	27.65%
Revenue as Reported	1,890	1,854	1,533	1,654	848.31	580.57
Advertising Expenses	-	4.87	9.67	-	3.31	1.56

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