Niraj Cement Structurals Income Statement

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Operating Revenue	5,420	5,071	4,709	6,061	3,564
Other Revenue	146.12	-	-	-	-
Revenue	5,566	5,071	4,709	6,061	3,564
Revenue Growth (YoY)	9.76%	7.71%	-22.32%	70.06%	103.95%
Cost of Revenue	5,084	4,834	4,475	5,915	3,473
Gross Profit	482.51	237.08	233.92	145.71	90.97
Selling, General & Admin	21.46	16.22	18	14.31	8.96
Other Operating Expenses	121.1	16.34	10.02	17.69	16.95
Operating Expenses	167.03	54.74	44.58	45.74	40.15
Operating Income	315.49	182.34	189.33	99.97	50.83
Interest Expense	-30.11	-0.7	-2.29	-4.78	-1.29
Interest & Investment Income	-	25.52	24.44	18.56	24.78
Other Non Operating Income (Expenses)	-	-0.1	-0.4	-0.03	-0.1
EBT Excluding Unusual Items	285.38	207.06	211.09	113.72	74.22
Gain (Loss) on Sale of Investments	-	-3.58	5.55	0.58	1.82
Other Unusual Items	-	-2.68	-86.39	-46.1	-44.02
Pretax Income	285.38	200.79	130.25	68.2	32.02
Income Tax Expense	73.96	49.98	33.02	24.94	7.73
Net Income	211.42	150.82	97.23	43.27	24.29
Net Income to Common	211.42	150.82	97.23	43.27	24.29
Net Income Growth	40.18%	55.12%	124.73%	78.09%	83.57%
Shares Outstanding (Basic)	58	43	40	40	40
Shares Outstanding (Diluted)	58	43	40	40	40
Shares Change (YoY)	35.83%	7.08%	0.24%	-0.24%	0.00%
EPS (Basic)	3.62	3.51	2.42	1.08	0.61
EPS (Diluted)	3.62	3.51	2.42	1.08	0.61
EPS Growth	3.20%	44.94%	124.07%	78.51%	83.57%
Free Cash Flow	-1,032	-773.11	230.12	-304.62	384.85
Free Cash Flow Per Share	-17.66	-17.98	5.73	-7.60	9.58
Gross Margin	8.67%	4.67%	4.97%	2.40%	2.55%
Operating Margin	5.67%	3.60%	4.02%	1.65%	1.43%
Profit Margin	3.80%	2.97%	2.07%	0.71%	0.68%
Free Cash Flow Margin	-18.53%	-15.25%	4.89%	-5.03%	10.80%
EBITDA	339.96	204.52	205.9	113.71	65.06
EBITDA Margin	6.11%	4.03%	4.37%	1.88%	1.82%
D&A For EBITDA	24.47	22.18	16.57	13.74	14.24
EBIT	315.49	182.34	189.33	99.97	50.83
EBIT Margin	5.67%	3.60%	4.02%	1.65%	1.43%
Effective Tax Rate	25.92%	24.89%	25.35%	36.56%	24.14%
Revenue as Reported	5,566	5,135	4,786	6,102	3,605
Advertising Expenses	-	0.18	0.21	0.6	0.23

Source: S&P Global Market Intelligence. Standard template. Financial Sources.