Maharashtra Seamless Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Operating Revenue	46,743	52,687	54,041	57,164	42,108
Other Revenue	3,876	498.8	498.1	-	-
Revenue	50,619	53,185	54,539	57,164	42,108
Revenue Growth (YoY)	-4.83%	-2.48%	-4.59%	35.75%	82.42%
Cost of Revenue	29,753	33,827	33,486	37,901	29,074
Gross Profit	20,866	19,359	21,054	19,263	13,034
Selling, General & Admin	1,341	1,308	1,183	1,026	842.1
Other Operating Expenses	8,837	8,307	7,122	7,943	6,043
Operating Expenses	11,280	10,624	9,402	10,346	8,263
Operating Income	9,586	8,734	11,652	8,916	4,771
Interest Expense	-25.8	-27.6	-84.7	-383.2	-395.33
Interest & Investment Income	-	695	404.5	479.9	439.29
Earnings From Equity Investments	-136	-135.9	-225.9	-294.3	-292.73
Currency Exchange Gain (Loss)	-	4.5	8.4	177.1	48.77
Other Non Operating Income (Expenses)	-	369.1	214.8	215.9	339.25
EBT Excluding Unusual Items	9,425	9,639	11,969	9,112	4,910
Gain (Loss) on Sale of Investments	-	362.8	259	124.6	201.59
Gain (Loss) on Sale of Assets	-	0.1	0.1	0.2	0.28
Other Unusual Items	-30.4	-	-	-	-
Pretax Income	9,394	10,002	12,228	9,237	5,112
Income Tax Expense	2,384	2,229	2,712	1,560	-1,805
Earnings From Continuing Operations	7,010	7,774	9,517	7,676	6,916
Minority Interest in Earnings	2.5	1.4	-3.6	-28.7	0.79
Net Income	7,013	7,775	9,513	7,648	6,917
Net Income to Common	7,013	7,775	9,513	7,648	6,917
Net Income Growth	-9.80%	-18.27%	24.39%	10.56%	605.56%
Shares Outstanding (Basic)	134	134	134	134	134
Shares Outstanding (Diluted)	134	134	134	134	134
Shares Change (YoY)	0.01%	-	-	-	-
EPS (Basic)	52.33	58.02	70.99	57.07	51.62
EPS (Diluted)	52.33	58.02	70.99	57.07	51.62
EPS Growth	-9.81%	-18.27%	24.39%	10.56%	605.56%
Free Cash Flow	7,636	5,864	10,093	8,930	-2,777
Free Cash Flow Per Share	56.98	43.76	75.32	66.64	-20.72
Dividend Per Share	-	10.000	10.000	5.000	2.500
Dividend Growth	-	-	100.00%	100.00%	42.86%
Gross Margin	41.22%	36.40%	38.60%	33.70%	30.95%
Operating Margin	18.94%	16.42%	21.36%	15.60%	11.33%
Profit Margin	13.85%	14.62%	17.44%	13.38%	16.43%
Free Cash Flow Margin	15.09%	11.03%	18.51%	15.62%	-6.59%
EBITDA	10,688	9,743	12,749	10,294	6,149
EBITDA Margin	21.12%	18.32%	23.38%	18.01%	14.60%
D&A For EBITDA	1,102	1,009	1,097	1,377	1,379
EBIT	9,586	8,734	11,652	8,916	4,771
EBIT Margin	18.94%	16.42%	21.36%	15.60%	11.33%
Effective Tax Rate	25.38%	22.28%	22.17%	16.89%	-
Revenue as Reported	50,619	54,659	55,463	58,052	43,217
Advertising Expenses	-	60.9	75.5	52.9	14.43

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