Max Estates 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
Period Ending	Jun '25 Jun 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Operating Revenue	1,715	1,605	929.44	1,073	692.89
Other Revenue	1,106	891.85	273.26	225.77	41.93
Revenue	2,821	2,497	1,203	1,299	734.82
Revenue Growth (YoY)	96.43%	107.59%	-7.43%	76.80%	-
Cost of Revenue	65.19	126.73	-	241.29	202.52
Gross Profit	2,756	2,370	1,203	1,058	532.3
Selling, General & Admin	889.23	826.06	531.28	326.44	105.26
Other Operating Expenses	329.5	208.11	220.43	188.96	78.51
Operating Expenses	1,556	1,375	1,006	664.49	290.59
Operating Income	1,200	994.87	196.96	393.41	241.72
Interest Expense	-626.36	-596.26	-	-173.18	-156.58
Other Non Operating Income (Expenses)	-	-22.41	-429.86	-13.01	-3.65
EBT Excluding Unusual Items	573.32	376.19	-232.9	207.22	81.49
Gain (Loss) on Sale of Assets	-	-	-	-	-0.04
Asset Writedown	-	-	-	13.6	-
Other Unusual Items	-	-	-444.51	-	3.06
Pretax Income	573.32	376.19	-677.4	220.82	84.51
Income Tax Expense	169.73	111.89	-126.16	36.15	35.29
Earnings From Continuing Operations	403.59	264.3	-551.24	184.67	49.22
Minority Interest in Earnings	103.27	143.8	129.61	5.48	0.77
Net Income	506.86	408.1	-421.63	190.15	49.99
Net Income to Common	506.86	408.1	-421.63	190.15	49.99
Net Income Growth	-	-	-	280.38%	-
Shares Outstanding (Basic)	251	155	147	147	78
Shares Outstanding (Diluted)	251	156	147	148	78
Shares Change (YoY)	70.38%	6.08%	-0.50%	89.70%	-
EPS (Basic)	2.02	2.63	-2.87	1.29	0.64
EPS (Diluted)	2.02	2.62	-2.87	1.29	0.64
EPS Growth	-	-	-	101.03%	-
Free Cash Flow	-	-4,522	-498.13	-9,788	-881.09
Free Cash Flow Per Share	-	-28.99	-3.39	-66.22	-11.31
Gross Margin	97.69%	94.92%	100.00%	81.43%	72.44%
Operating Margin	42.53%	39.85%	16.38%	30.28%	32.90%
Profit Margin	17.97%	16.35%	-35.06%	14.64%	6.80%
Free Cash Flow Margin	-	-181.12%	-41.42%	-753.36%	-119.91%
EBITDA	1,552	1,280	418.8	515.7	348.26
EBITDA Margin	55.01%	51.28%	34.82%	39.69%	47.39%
D&A For EBITDA	352.27	285.34	221.84	122.29	106.54
EBIT	1,200	994.87	196.96	393.41	241.72
EBIT Margin	42.53%	39.85%	16.38%	30.28%	32.90%
Effective Tax Rate	29.60%	29.74%	-	16.37%	41.76%
Revenue as Reported	2,821	2,497	1,203	1,313	739.35
Advertising Expenses	-	383.94	225.9	40.74	44.89

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