NSE:KAVDEFENCE 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	126.68	171.2	15.86	28.24	56.08	41.41
Other Revenue	-0	-	-	0	-	-
Revenue	126.68	171.2	15.86	28.24	56.08	41.41
Revenue Growth (YoY)	40.98%	979.65%	-43.85%	-49.64%	35.44%	-8.98%
Cost of Revenue	53.4	85.58	9.94	577.9	29.87	22.93
Gross Profit	73.28	85.62	5.92	-549.65	26.22	18.48
Selling, General & Admin	16.74	13.76	9.12	52.66	16.75	9.28
Other Operating Expenses	16.63	8.42	3.17	-245.33	15.39	24.05
Operating Expenses	36.71	26.36	15.6	810.99	52.9	60.4
Operating Income	36.57	59.26	-9.69	-1,361	-26.68	-41.92
Interest Expense	-0.38	-0.36	-0.36	-0.41	-134.9	-134.8
Interest & Investment Income	0.28	0.28	0.93	0.76	-	0.3
Currency Exchange Gain (Loss)	18.74	18.74	-1.51	3.11	3.26	1.52
Other Non Operating Income (Expenses)	-0.28	0	-0.1	-43.32	0.46	-
EBT Excluding Unusual Items	54.94	77.93	-10.73	-1,401	-157.87	-174.9
Gain (Loss) on Sale of Investments	-	-	-	-254.84	-	-
Asset Writedown	-	-	-	-5.42	-	-
Other Unusual Items	-13.43	-13.86	-2.7	2,148	2.11	6.25
Pretax Income	41.52	64.07	-13.43	487.19	-154.7	-168.65
Income Tax Expense	-	-	-0.08	172.31	26.22	-4.34
Net Income	41.52	64.07	-13.35	314.88	-180.91	-164.31
Net Income to Common	41.52	64.07	-13.35	314.88	-180.91	-164.31
Shares Outstanding (Basic)	30	20	20	20	20	20
Shares Outstanding (Diluted)	51	41	20	20	20	20
Shares Change (YoY)	152.06%	103.77%	-	-	-	-
EPS (Basic)	1.39	3.18	-0.66	15.65	-8.99	-8.16
EPS (Diluted)	0.82	1.56	-0.66	15.65	-8.99	-8.16
Free Cash Flow	-	0.3	-113.42	-186.53	242.61	-107.68
Free Cash Flow Per Share	-	0.01	-5.64	-9.27	12.06	-5.35
Gross Margin	57.85%	50.01%	37.31%	-	46.75%	44.63%
Operating Margin	28.87%	34.62%	-61.08%	-4817.65%	-47.58%	-101.24%
Profit Margin	32.77%	37.42%	-84.19%	1114.88%	-322.58%	-396.81%
Free Cash Flow Margin	-	0.18%	-715.27%	-660.46%	432.60%	-260.05%
EBITDA	38.87	60.77	-9.23	-1,360	-7.59	-16.51
EBITDA Margin	30.69%	35.50%	-58.23%	-	-13.53%	-39.88%
D&A For EBITDA	2.3	1.51	0.45	0.45	19.1	25.41
EBIT	36.57	59.26	-9.69	-1,361	-26.68	-41.92
EBIT Margin	28.87%	34.62%	-61.08%	-	-47.58%	-101.24%
Effective Tax Rate	-	-	-	35.37%	-	-
Revenue as Reported	173.63	218.09	18.8	2,436	69.15	51.76
Advertising Expenses	-	0.09	-	0.98	0.38	0.1

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