Malu Paper Mills 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	3,205	2,779	2,744	2,339	2,119	1,697
Revenue	3,205	2,779	2,744	2,339	2,119	1,697
Revenue Growth (YoY)	23.25%	1.26%	17.34%	10.37%	24.85%	-25.00%
Cost of Revenue	2,313	1,980	1,706	1,673	1,538	1,062
Gross Profit	891.91	798.66	1,039	666.09	581.26	635.09
Selling, General & Admin	119.55	104.45	86.38	86.17	79.24	67.2
Other Operating Expenses	876.99	699.59	780.15	584.06	456.19	502.08
Operating Expenses	1,052	857.23	916.52	720.41	586.09	619.33
Operating Income	-160.29	-58.57	122.39	-54.32	-4.83	15.76
Interest Expense	-117.04	-110.53	-104.48	-83.83	-76.85	-74.1
Interest & Investment Income	1.47	1.47	1.32	1.09	0.99	0.99
Other Non Operating Income (Expenses)	-3.68	-3.68	-4.48	-2.84	-2.2	-3.71
EBT Excluding Unusual Items	-279.54	-171.31	14.75	-139.9	-82.89	-61.06
Gain (Loss) on Sale of Assets	-	-	-	-	0.01	-0.09
Pretax Income	-279.54	-171.31	14.75	-139.9	-82.88	-61.15
Income Tax Expense	-82.95	-50	5.79	-35.36	-20.25	-3.44
Net Income	-196.59	-121.32	8.95	-104.54	-62.62	-57.71
Net Income to Common	-196.59	-121.32	8.95	-104.54	-62.62	-57.71
Shares Outstanding (Basic)	17	17	17	17	17	17
Shares Outstanding (Diluted)	17	17	17	17	17	17
Shares Change (YoY)	-0.48%	-	-	-	-0.00%	-
EPS (Basic)	-11.52	-7.11	0.52	-6.13	-3.67	-3.38
EPS (Diluted)	-11.52	-7.11	0.52	-6.13	-3.67	-3.38
Free Cash Flow	-	13.72	15.28	-106.07	-23.2	20.1
Free Cash Flow Per Share	-	0.80	0.90	-6.22	-1.36	1.18
Gross Margin	27.82%	28.74%	37.85%	28.48%	27.43%	37.42%
Operating Margin	-5.00%	-2.11%	4.46%	-2.32%	-0.23%	0.93%
Profit Margin	-6.13%	-4.37%	0.33%	-4.47%	-2.96%	-3.40%
Free Cash Flow Margin	-	0.49%	0.56%	-4.54%	-1.09%	1.18%
EBITDA	-104.6	-5.29	172.47	-4.05	45.83	65.9
EBITDA Margin	-3.26%	-0.19%	6.28%	-0.17%	2.16%	3.88%
D&A For EBITDA	55.69	53.28	50.08	50.27	50.66	50.14
EBIT	-160.29	-58.57	122.39	-54.32	-4.83	15.76
EBIT Margin	-5.00%	-2.11%	4.46%	-2.32%	-0.23%	0.93%
Effective Tax Rate	-	-	39.28%	-	-	-
Revenue as Reported	3,210	2,784	2,751	2,345	2,130	1,707
Advertising Expenses	-	0.33	0.28	0.32	0.09	0.26

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