Niraj Cement Structurals 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
Operating Revenue	5,729	5,071	4,709	6,061	3,564	1,748
Revenue	5,729	5,071	4,709	6,061	3,564	1,748
Revenue Growth (YoY)	20.72%	7.71%	-22.32%	70.06%	103.95%	41.36%
Cost of Revenue	5,394	4,834	4,475	5,915	3,473	1,703
Gross Profit	334.82	237.08	233.92	145.71	90.97	44.6
Selling, General & Admin	19.72	16.22	18	14.31	8.96	9.73
Other Operating Expenses	-1.68	16.34	10.02	17.69	16.95	10.71
Operating Expenses	41.93	54.74	44.58	45.74	40.15	34.76
Operating Income	292.9	182.34	189.33	99.97	50.83	9.84
Interest Expense	-10.13	-0.7	-2.29	-4.78	-1.29	-2.17
Interest & Investment Income	25.52	25.52	24.44	18.56	24.78	21.02
Other Non Operating Income (Expenses)	-0.1	-0.1	-0.4	-0.03	-0.1	-0.04
EBT Excluding Unusual Items	308.18	207.06	211.09	113.72	74.22	28.65
Gain (Loss) on Sale of Investments	-3.58	-3.58	5.55	0.58	1.82	0.49
Other Unusual Items	9.1	-2.68	-86.39	-46.1	-44.02	-9.46
Pretax Income	313.69	200.79	130.25	68.2	32.02	19.69
Income Tax Expense	77.25	49.98	33.02	24.94	7.73	6.46
Net Income	236.44	150.82	97.23	43.27	24.29	13.23
Net Income to Common	236.44	150.82	97.23	43.27	24.29	13.23
Net Income Growth	66.79%	55.12%	124.73%	78.09%	83.57%	-15.97%
Shares Outstanding (Basic)	55	43	40	40	40	40
Shares Outstanding (Diluted)	55	43	40	40	40	40
Shares Change (YoY)	38.15%	7.08%	0.24%	-0.24%	0.00%	115.25%
EPS (Basic)	4.28	3.51	2.42	1.08	0.61	0.33
EPS (Diluted)	4.28	3.51	2.42	1.08	0.61	0.33
EPS Growth	20.73%	44.94%	124.07%	78.51%	83.57%	-60.96%
Free Cash Flow	-	-773.11	230.12	-304.62	384.85	-52.1
Free Cash Flow Per Share	-	-17.98	5.73	-7.60	9.58	-1.30
Gross Margin	5.85%	4.67%	4.97%	2.40%	2.55%	2.55%
Operating Margin	5.11%	3.60%	4.02%	1.65%	1.43%	0.56%
Profit Margin	4.13%	2.97%	2.07%	0.71%	0.68%	0.76%
Free Cash Flow Margin	-	-15.25%	4.89%	-5.03%	10.80%	-2.98%
EBITDA	319.28	204.52	205.9	113.71	65.06	24.15
EBITDA Margin	5.57%	4.03%	4.37%	1.88%	1.82%	1.38%
D&A For EBITDA	26.39	22.18	16.57	13.74	14.24	14.31
EBIT	292.9	182.34	189.33	99.97	50.83	9.84
EBIT Margin	5.11%	3.60%	4.02%	1.65%	1.43%	0.56%
Effective Tax Rate	24.63%	24.89%	25.35%	36.56%	24.14%	32.78%
Revenue as Reported	5,833	5,135	4,786	6,102	3,605	1,784
Advertising Expenses	-	0.18	0.21	0.6	0.23	0.14

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