REDTAPE 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
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
Revenue	22,492	20,209	18,429	14,683	9,097
Revenue Growth (YoY)	11.05%	9.66%	25.51%	61.41%	-
Cost of Revenue	12,575	10,904	9,596	7,933	4,516
Gross Profit	9,917	9,306	8,833	6,750	4,580
Selling, General & Admin	1,254	1,225	982.6	722.9	355.5
Other Operating Expenses	4,442	4,523	4,591	3,612	2,801
Operating Expenses	6,566	6,583	6,166	4,780	3,229
Operating Income	3,351	2,723	2,668	1,970	1,351
Interest Expense	-693.8	-509.4	-325.1	-144.6	-119.7
Interest & Investment Income	9.9	9.9	8.7	5.3	-
Earnings From Equity Investments	-	-	-1	-1.1	-
Currency Exchange Gain (Loss)	51.7	51.7	-	-	-
Other Non Operating Income (Expenses)	80.4	-	-	48	1.8
EBT Excluding Unusual Items	2,799	2,275	2,350	1,878	1,233
Gain (Loss) on Sale of Assets	10.3	10.3	-1.4	1.3	-9.3
Other Unusual Items	43.9	43.9	13.7	11.9	-
Pretax Income	2,853	2,329	2,362	1,891	1,224
Income Tax Expense	734.2	629.2	600	469.5	352.8
Net Income	2,119	1,700	1,762	1,422	871.2
Net Income to Common	2,119	1,700	1,762	1,422	871.2
Net Income Growth	24.83%	-3.54%	23.98%	63.17%	-
Shares Outstanding (Basic)	553	553	553	553	553
Shares Outstanding (Diluted)	553	553	553	553	553
EPS (Basic)	3.83	3.08	3.19	2.57	1.58
EPS (Diluted)	3.83	3.08	3.19	2.57	1.57
EPS Growth	24.92%	-3.54%	23.98%	63.27%	-
Free Cash Flow	-	-1,667	-351.4	-189	-149.7
Free Cash Flow Per Share	-	-3.02	-0.64	-0.34	-0.27
Dividend Per Share	0.250	0.750	-	-	-
Gross Margin	44.09%	46.05%	47.93%	45.97%	50.35%
Operating Margin	14.90%	13.47%	14.47%	13.42%	14.85%
Profit Margin	9.42%	8.41%	9.56%	9.68%	9.58%
Free Cash Flow Margin	-	-8.25%	-1.91%	-1.29%	-1.65%
EBITDA	3,751	3,054	2,907	2,193	1,424
EBITDA Margin	16.68%	15.11%	15.78%	14.94%	15.65%
D&A For EBITDA	399.85	331.3	239.9	222.8	72.9
EBIT	3,351	2,723	2,668	1,970	1,351
EBIT Margin	14.90%	13.47%	14.47%	13.42%	14.85%
Effective Tax Rate	25.73%	27.01%	25.40%	24.83%	28.82%
Revenue as Reported	22,893	20,529	18,560	14,748	9,098

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