Master Trust 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
Interest and Dividend Income	1,666	1,619	1,260	788.01	664.29
Total Interest Expense	593.7	552.76	513.89	292.38	337.63
Net Interest Income	1,072	1,066	746.45	495.63	326.66
Brokerage Commission	1,577	1,972	1,854	1,496	1,587
Trading & Principal Transactions	2,515	2,247	1,890	1,083	1,061
Gain on Sale of Investments (Rev)	-	-	-	22.54	-
Other Revenue	0.8	1.62	1.6	2.67	0.86
Revenue	5,165	5,287	4,491	3,101	2,976
Revenue Growth (YoY)	-2.31%	17.71%	44.85%	4.19%	44.27%
Salaries & Employee Benefits	1,147	862.81	862.09	564.43	693.96
Cost of Services Provided	584.5	66.54	56.57	41.56	34.43
Other Operating Expenses	1,665	2,531	2,099	1,612	1,497
Total Operating Expenses	3,440	3,499	3,053	2,254	2,257
Operating Income	1,725	1,787	1,438	846.99	719.28
EBT Excluding Unusual Items	1,725	1,787	1,438	846.99	719.28
Pretax Income	1,725	1,787	1,438	846.99	719.28
Income Tax Expense	463.9	474.85	357.46	188.11	167.53
Earnings From Continuing Ops.	1,261	1,312	1,081	658.88	551.75
Minority Interest in Earnings	-	-0.03	-0.04	-0.01	-
Net Income	1,261	1,312	1,081	658.87	551.75
Net Income to Common	1,261	1,312	1,081	658.87	551.75
Net Income Growth	-3.92%	21.42%	64.04%	19.41%	60.53%
Shares Outstanding (Basic)	119	111	109	109	109
Shares Outstanding (Diluted)	119	117	110	109	109
Shares Change (YoY)	1.60%	6.00%	1.55%	-	-
EPS (Basic)	10.60	11.81	9.94	6.06	5.07
EPS (Diluted)	10.60	11.21	9.79	6.06	5.07
EPS Growth	-5.44%	14.51%	61.61%	19.43%	60.51%
Free Cash Flow	3,077	-405.66	4,528	1,721	-193.04
Free Cash Flow Per Share	25.87	-3.46	40.99	15.83	-1.77
Operating Margin	33.40%	33.81%	32.02%	27.32%	24.17%
Profit Margin	24.41%	24.82%	24.06%	21.25%	18.54%
Free Cash Flow Margin	59.58%	-7.67%	100.81%	55.52%	-6.49%
Effective Tax Rate	26.90%	26.57%	24.85%	22.21%	23.29%
Revenue as Reported	5,759	5,839	5,005	3,393	3,314

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