Indigo Paints 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	2017 - 2020
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	2017 - 2020
Operating Revenue	13,511	13,407	13,061	10,733	9,060	7,233	Upgrade
Revenue	13,511	13,407	13,061	10,733	9,060	7,233	Upgrade
Revenue Growth (YoY)	0.14%	2.65%	21.68%	18.47%	25.25%	15.77%	Upgrade
Cost of Revenue	7,346	7,298	6,893	5,991	5,169	3,791	Upgrade
Gross Profit	6,165	6,108	6,168	4,742	3,891	3,443	Upgrade
Selling, General & Admin	1,998	1,976	1,927	1,558	1,444	1,256	Upgrade
Other Operating Expenses	1,813	1,798	1,860	1,369	1,086	960.96	Upgrade
Operating Expenses	4,388	4,359	4,303	3,271	2,843	2,461	Upgrade
Operating Income	1,777	1,750	1,865	1,472	1,048	981.56	Upgrade
Interest Expense	-32.86	-32.34	-20.47	-	-1.06	-30.4	Upgrade
Interest & Investment Income	2.52	2.52	1.87	10.37	60.6	15.83	Upgrade
Currency Exchange Gain (Loss)	4.68	4.68	4.03	-0.29	2.07	1.54	Upgrade
Other Non Operating Income (Expenses)	126.12	129.84	92.17	67.03	34.02	10.83	Upgrade
EBT Excluding Unusual Items	1,877	1,854	1,942	1,549	1,144	979.36	Upgrade
Gain (Loss) on Sale of Investments	41.66	41.66	36.4	-	-	-	Upgrade
Gain (Loss) on Sale of Assets	3.59	3.59	6.96	9.81	-0.56	-0.29	Upgrade
Pretax Income	1,922	1,900	1,986	1,559	1,143	979.07	Upgrade
Income Tax Expense	476.72	477.89	497.53	239.38	302.48	270.57	Upgrade
Earnings From Continuing Operations	1,446	1,422	1,488	1,319	840.48	708.5	Upgrade
Minority Interest in Earnings	-6.16	-4.06	-15.09	-	-	-	Upgrade
Net Income	1,439	1,418	1,473	1,319	840.48	708.5	Upgrade
Net Income to Common	1,439	1,418	1,473	1,319	840.48	708.5	Upgrade
Net Income Growth	2.98%	-3.77%	11.66%	56.98%	18.63%	48.18%	Upgrade
Shares Outstanding (Basic)	48	48	48	48	48	46	Upgrade
Shares Outstanding (Diluted)	48	48	48	48	48	46	Upgrade
Shares Change (YoY)	0.11%	0.07%	0.07%	0.01%	4.58%	0.06%	Upgrade
EPS (Basic)	30.21	29.76	30.95	27.73	17.67	15.55	Upgrade
EPS (Diluted)	30.13	29.68	30.87	27.67	17.63	15.54	Upgrade
EPS Growth	2.86%	-3.85%	11.56%	56.95%	13.45%	48.10%	Upgrade
Free Cash Flow	614	694.57	466.42	-831.44	-555.93	552.74	Upgrade
Free Cash Flow Per Share	12.85	14.54	9.77	-17.43	-11.66	12.12	Upgrade
Dividend Per Share	-	3.500	3.500	3.500	3.000	-	Upgrade
Dividend Growth	-	-	-	16.67%	-	-	Upgrade
Gross Margin	45.63%	45.56%	47.22%	44.18%	42.95%	47.60%	Upgrade
Operating Margin	13.15%	13.05%	14.28%	13.71%	11.57%	13.57%	Upgrade
Profit Margin	10.65%	10.57%	11.28%	12.29%	9.28%	9.79%	Upgrade
Free Cash Flow Margin	4.54%	5.18%	3.57%	-7.75%	-6.14%	7.64%	Upgrade
EBITDA	2,277	2,257	2,312	1,759	1,314	1,188	Upgrade
EBITDA Margin	16.85%	16.84%	17.70%	16.39%	14.50%	16.43%	Upgrade
D&A For EBITDA	500.16	507.47	446.97	287.02	265.62	206.5	Upgrade
EBIT	1,777	1,750	1,865	1,472	1,048	981.56	Upgrade
EBIT Margin	13.15%	13.05%	14.28%	13.71%	11.57%	13.57%	Upgrade
Effective Tax Rate	24.80%	25.16%	25.05%	15.36%	26.46%	27.63%	Upgrade
Revenue as Reported	13,692	13,592	13,203	10,834	9,169	7,269	Upgrade
Advertising Expenses	-	837.51	931.89	826.95	880.63	770.6	Upgrade

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