Max Estates Income Statement

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Operating Revenue	1,605	929.44	1,073	692.89
Other Revenue	891.85	264.21	225.77	41.93
Revenue	2,497	1,194	1,299	734.82
Revenue Growth (YoY)	109.17%	-8.12%	76.80%	-
Cost of Revenue	45.45	66.48	241.29	202.52
Gross Profit	2,451	1,127	1,058	532.3
Selling, General & Admin	825.15	533.67	326.44	105.26
Other Operating Expenses	290.29	151.57	188.96	78.51
Operating Expenses	1,456	939.26	664.49	290.59
Operating Income	994.87	187.91	393.41	241.72
Interest Expense	-618.68	-425.77	-173.18	-156.58
Other Non Operating Income (Expenses)	-	-4.09	-13.01	-3.65
EBT Excluding Unusual Items	376.19	-241.95	207.22	81.49
Gain (Loss) on Sale of Assets	-	-	-	-0.04
Asset Writedown	-	1.58	13.6	-
Other Unusual Items	-	-437.03	-	3.06
Pretax Income	376.19	-677.4	220.82	84.51
Income Tax Expense	111.89	-126.16	36.15	35.29
Earnings From Continuing Operations	264.3	-551.24	184.67	49.22
Minority Interest in Earnings	143.8	129.61	5.48	0.77
Net Income	408.1	-421.63	190.15	49.99
Net Income to Common	408.1	-421.63	190.15	49.99
Net Income Growth	-	-	280.38%	-
Shares Outstanding (Basic)	240	147	147	78
Shares Outstanding (Diluted)	240	147	148	78
Shares Change (YoY)	63.20%	-0.48%	89.70%	-
EPS (Basic)	1.70	-2.87	1.29	0.64
EPS (Diluted)	1.70	-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	-18.84	-3.39	-66.22	-11.31
Gross Margin	98.18%	94.43%	81.43%	72.44%
Operating Margin	39.85%	15.74%	30.28%	32.90%
Profit Margin	16.35%	-35.32%	14.64%	6.80%
Free Cash Flow Margin	-181.12%	-41.73%	-753.36%	-119.91%
EBITDA	1,336	409.74	515.7	348.26
EBITDA Margin	53.50%	34.33%	39.69%	47.39%
D&A For EBITDA	340.97	221.84	122.29	106.54
EBIT	994.87	187.91	393.41	241.72
EBIT Margin	39.85%	15.74%	30.28%	32.90%
Effective Tax Rate	29.74%	-	16.37%	41.76%
Revenue as Reported	2,497	1,203	1,313	739.35
Advertising Expenses	383.94	225.9	40.74	44.89

Updated Feb 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.