NSE:MVGJL 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
Revenue	26,947	23,840	21,497	20,273	16,939	14,336
Revenue Growth (YoY)	21.09%	10.90%	6.03%	19.68%	18.16%	12.07%
Cost of Revenue	23,296	20,788	18,702	17,646	14,879	12,751
Gross Profit	3,651	3,052	2,795	2,627	2,060	1,584
Selling, General & Admin	656.36	605.56	561.11	527.26	436.54	315.95
Other Operating Expenses	1,067	801.27	731.64	669.23	574.35	460.41
Operating Expenses	1,819	1,490	1,377	1,282	1,098	864.34
Operating Income	1,832	1,562	1,418	1,345	962.64	719.87
Interest Expense	-346.33	-384.23	-433.18	-413.95	-403.99	-415.63
Interest & Investment Income	28.09	87.99	69.91	4.29	3.23	3.91
Currency Exchange Gain (Loss)	-0.01	-0.01	-0.01	-0.02	0.12	31.13
Other Non Operating Income (Expenses)	24.03	27.33	31.66	22.99	22.11	25.31
EBT Excluding Unusual Items	1,537	1,293	1,086	958.27	584.11	364.59
Gain (Loss) on Sale of Assets	0.01	0.01	0.17	0.07	-	-
Other Unusual Items	-11.01	3.39	0.11	-	-	-86.31
Pretax Income	1,526	1,297	1,087	958.34	584.11	278.28
Income Tax Expense	390.73	292.43	277.44	242.38	147.32	70.91
Net Income	1,136	1,004	809.26	715.96	436.79	207.37
Net Income to Common	1,136	1,004	809.26	715.96	436.79	207.37
Net Income Growth	20.50%	24.09%	13.03%	63.91%	110.63%	-14.96%
Shares Outstanding (Basic)	49	49	44	39	39	39
Shares Outstanding (Diluted)	49	49	44	39	39	39
Shares Change (YoY)	-1.25%	10.91%	12.70%	-	-	-
EPS (Basic)	23.25	20.56	18.37	18.32	11.18	5.31
EPS (Diluted)	23.25	20.56	18.37	18.32	11.18	5.31
EPS Growth	22.05%	11.91%	0.27%	63.91%	110.63%	-14.96%
Free Cash Flow	-	-782.98	579.79	678.72	87.57	-115.07
Free Cash Flow Per Share	-	-16.03	13.16	17.37	2.24	-2.94
Gross Margin	13.55%	12.80%	13.00%	12.96%	12.16%	11.05%
Operating Margin	6.80%	6.55%	6.60%	6.63%	5.68%	5.02%
Profit Margin	4.21%	4.21%	3.77%	3.53%	2.58%	1.45%
Free Cash Flow Margin	-	-3.28%	2.70%	3.35%	0.52%	-0.80%
EBITDA	1,888	1,623	1,484	1,412	1,031	789.55
EBITDA Margin	7.01%	6.81%	6.90%	6.96%	6.09%	5.51%
D&A For EBITDA	56.52	60.4	65.58	66.97	68.64	69.68
EBIT	1,832	1,562	1,418	1,345	962.64	719.87
EBIT Margin	6.80%	6.55%	6.60%	6.63%	5.68%	5.02%
Effective Tax Rate	25.60%	22.55%	25.53%	25.29%	25.22%	25.48%
Revenue as Reported	27,018	23,974	21,611	20,313	16,977	14,432
Advertising Expenses	-	89.25	83.78	88.83	59.94	33.43

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