Madhusudan Masala 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
Operating Revenue	2,496	2,309	1,622	1,272	654.08	686.8
Other Revenue	0.03	0.03	-0	-0	-	-
Revenue	2,496	2,309	1,622	1,272	654.08	686.8
Revenue Growth (YoY)	20.25%	42.35%	27.52%	94.50%	-4.76%	-
Cost of Revenue	2,071	1,928	1,384	1,113	598.03	620.35
Gross Profit	424.15	381.26	238	158.96	56.05	66.45
Selling, General & Admin	54.76	57.4	35.41	19.7	15.68	18.45
Other Operating Expenses	94.36	74.09	25.92	23.23	18.23	18.73
Operating Expenses	176.56	155.14	70.61	49.23	40.58	42.77
Operating Income	247.59	226.13	167.39	109.72	15.47	23.68
Interest Expense	-61.14	-57.88	-39.01	-29.43	-16.19	-16.65
Interest & Investment Income	1.16	1.16	0.81	0.04	0.01	0.12
Other Non Operating Income (Expenses)	0.38	0.38	-5.34	-2.53	10.22	-1.04
EBT Excluding Unusual Items	187.99	169.78	123.86	77.8	9.52	6.12
Gain (Loss) on Sale of Assets	-	-	-	-	0.19	0.06
Other Unusual Items	30.72	30.72	-	-	-	-
Pretax Income	218.71	200.5	123.86	77.8	9.7	6.17
Income Tax Expense	57.22	50.28	31.89	20.26	1.57	1.68
Net Income	161.49	150.23	91.97	57.55	8.13	4.5
Net Income to Common	161.49	150.23	91.97	57.55	8.13	4.5
Net Income Growth	30.05%	63.34%	59.83%	607.90%	80.73%	-
Shares Outstanding (Basic)	14	14	11	9	1	1
Shares Outstanding (Diluted)	14	14	11	9	1	1
Shares Change (YoY)	3.04%	23.58%	23.57%	847.93%	-	-
EPS (Basic)	11.19	10.93	8.27	6.39	8.56	4.74
EPS (Diluted)	11.19	10.93	8.27	6.39	8.56	4.74
EPS Growth	26.21%	32.17%	29.34%	-25.32%	80.73%	-
Free Cash Flow	-182.85	-417.78	-320.05	-153.45	-50.55	8.09
Free Cash Flow Per Share	-12.66	-30.40	-28.78	-17.05	-53.24	8.52
Gross Margin	17.00%	16.51%	14.67%	12.50%	8.57%	9.68%
Operating Margin	9.92%	9.79%	10.32%	8.63%	2.37%	3.45%
Profit Margin	6.47%	6.50%	5.67%	4.52%	1.24%	0.66%
Free Cash Flow Margin	-7.33%	-18.09%	-19.73%	-12.06%	-7.73%	1.18%
EBITDA	275.04	249.78	176.68	116.03	22.14	29.28
EBITDA Margin	11.02%	10.82%	10.89%	9.12%	3.38%	4.26%
D&A For EBITDA	27.45	23.65	9.29	6.31	6.67	5.6
EBIT	247.59	226.13	167.39	109.72	15.47	23.68
EBIT Margin	9.92%	9.79%	10.32%	8.63%	2.37%	3.45%
Effective Tax Rate	26.16%	25.08%	25.74%	26.04%	16.21%	27.15%
Revenue as Reported	2,507	2,323	1,627	1,275	665.18	687.52
Advertising Expenses	-	-	13.17	0.39	0.11	0.61

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