MSTC Limited (NSE:MSTCLTD)

MSTC Limited Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	3,324	3,110	3,162	7,210	8,761	7,805
Revenue Growth (YoY)	-54.36%	-1.67%	-56.14%	-17.71%	12.26%	-36.62%
Cost of Revenue	102.45	102.45	91.32	813.39	2,287	2,292
Gross Profit	3,222	3,007	3,071	6,396	6,474	5,512
Selling, General & Admin	990.77	974.44	951.33	1,790	1,990	1,785
Other Operating Expenses	226.93	197.71	-852.46	840.42	-43.33	440.13
Operating Expenses	1,308	1,263	1,199	3,619	4,359	4,215
Operating Income	1,914	1,744	1,872	2,778	2,115	1,297
Interest Expense	-0.03	-1.8	-4.12	-0.91	-26.16	-71.46
Interest & Investment Income	726.09	726.09	909.26	534.92	237.17	135.31
Earnings From Equity Investments	-68.21	-59.69	-68.69	-26.54	2.83	-8.6
Other Non Operating Income (Expenses)	-8.44	39.34	67.14	3.01	3.78	3.17
EBT Excluding Unusual Items	2,563	2,448	2,776	3,288	2,333	1,355
Gain (Loss) on Sale of Assets	-	-	-	3.26	1.53	2.1
Asset Writedown	-	-	-	-2.15	-5.45	-11.45
Other Unusual Items	2,651	2,632	-	2.57	-	12.76
Pretax Income	5,214	5,080	2,776	3,292	2,329	1,359
Income Tax Expense	1,052	1,009	1,125	872.18	338.05	229.25
Net Income	4,162	4,071	1,650	2,420	1,991	1,130
Net Income to Common	4,162	4,071	1,650	2,420	1,991	1,130
Net Income Growth	92.06%	146.64%	-31.79%	21.53%	76.25%	16.44%
Shares Outstanding (Basic)	70	70	70	70	70	70
Shares Outstanding (Diluted)	70	70	70	70	70	70
EPS (Basic)	59.13	57.82	23.44	34.37	28.28	16.05
EPS (Diluted)	59.12	57.82	23.44	34.37	28.28	16.05
EPS Growth	92.08%	146.67%	-31.80%	21.53%	76.25%	16.44%
Free Cash Flow	558.16	2,357	-3,902	8,104	957.2	6,452
Free Cash Flow Per Share	7.93	33.48	-55.43	115.11	13.60	91.65
Dividend Per Share	36.500	40.500	15.500	15.000	12.900	4.400
Dividend Growth	160.71%	161.29%	3.33%	16.28%	193.18%	33.33%
Gross Margin	96.92%	96.70%	97.11%	88.72%	73.89%	70.63%
Operating Margin	57.57%	56.09%	59.20%	38.53%	24.14%	16.62%
Profit Margin	125.20%	130.91%	52.19%	33.56%	22.72%	14.47%
Free Cash Flow Margin	16.79%	75.79%	-123.39%	112.41%	10.93%	82.67%
EBITDA	1,980	1,811	1,938	2,991	2,321	1,474
EBITDA Margin	59.56%	58.23%	61.27%	41.48%	26.49%	18.89%
D&A For EBITDA	66.21	66.63	65.71	213.33	205.78	177.19
EBIT	1,914	1,744	1,872	2,778	2,115	1,297
EBIT Margin	57.57%	56.09%	59.20%	38.53%	24.14%	16.62%
Effective Tax Rate	20.18%	19.87%	40.54%	26.50%	14.52%	16.87%
Revenue as Reported	4,042	3,875	5,193	8,792	11,233	9,941
Advertising Expenses	-	7.95	16.29	13.73	9.25	4.61

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