Maheshwari Logistics 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
Other Revenue	-0	-0	-	-	-	-
Revenue	10,751	9,731	10,480	11,490	10,349	6,762
Revenue Growth (YoY)	10.30%	-7.14%	-8.79%	11.03%	53.05%	-11.03%
Cost of Revenue	8,620	7,695	8,373	9,403	8,351	4,983
Gross Profit	2,131	2,036	2,107	2,088	1,998	1,779
Selling, General & Admin	226.67	208.24	221.53	171.1	155.13	133.81
Other Operating Expenses	1,190	1,138	1,341	1,410	1,321	1,209
Operating Expenses	1,589	1,507	1,682	1,699	1,598	1,471
Operating Income	542.48	529.61	425.2	388.69	400.29	307.56
Interest Expense	-235.81	-226.89	-190.48	-157.45	-126.75	-154.45
Interest & Investment Income	14.35	14.35	14.41	11.77	5.88	8.38
Currency Exchange Gain (Loss)	2.93	2.93	4.67	4.62	11.21	8.19
Other Non Operating Income (Expenses)	-49.2	-70.41	-80.5	-66.71	-53.29	-42.56
EBT Excluding Unusual Items	274.75	249.58	173.3	180.92	237.35	127.11
Gain (Loss) on Sale of Investments	0.16	0.16	-	-1.34	-	-
Gain (Loss) on Sale of Assets	0.02	0.02	8.9	2.74	0.28	1.34
Pretax Income	274.93	249.76	182.2	182.32	237.62	128.45
Income Tax Expense	74.31	65.57	44.7	47.5	66.11	35.58
Net Income	201.87	184.2	137.5	134.82	171.51	92.88
Net Income to Common	201.87	184.2	137.5	134.82	171.51	92.88
Net Income Growth	42.23%	33.96%	1.99%	-21.39%	84.67%	-36.82%
Shares Outstanding (Basic)	30	30	30	30	30	30
Shares Outstanding (Diluted)	30	30	30	30	30	30
Shares Change (YoY)	-0.05%	-	-	-	-	-
EPS (Basic)	6.82	6.22	4.65	4.56	5.79	3.14
EPS (Diluted)	6.82	6.22	4.65	4.56	5.79	3.14
EPS Growth	42.23%	33.89%	1.99%	-21.33%	84.51%	-36.82%
Free Cash Flow	-	274.59	-392.43	28.1	-269.7	400.23
Free Cash Flow Per Share	-	9.28	-13.26	0.95	-9.11	13.52
Dividend Per Share	-	-	-	-	0.500	0.500
Gross Margin	19.82%	20.93%	20.11%	18.17%	19.31%	26.31%
Operating Margin	5.05%	5.44%	4.06%	3.38%	3.87%	4.55%
Profit Margin	1.88%	1.89%	1.31%	1.17%	1.66%	1.37%
Free Cash Flow Margin	-	2.82%	-3.74%	0.24%	-2.61%	5.92%
EBITDA	728.05	683.02	535.75	498.35	508.84	419.1
EBITDA Margin	6.77%	7.02%	5.11%	4.34%	4.92%	6.20%
D&A For EBITDA	185.57	153.42	110.55	109.66	108.55	111.54
EBIT	542.48	529.61	425.2	388.69	400.29	307.56
EBIT Margin	5.05%	5.44%	4.06%	3.38%	3.87%	4.55%
Effective Tax Rate	27.03%	26.25%	24.53%	26.05%	27.82%	27.70%
Revenue as Reported	10,821	9,781	10,520	11,515	10,376	6,780

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