Refractory Shapes 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	Sep '25 Sep 30, 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	696.67	587.71	405.51	379.69	255.03	208.89
Other Revenue	-0	-0	-	-	-	-
Revenue	696.67	587.71	405.51	379.69	255.03	208.89
Revenue Growth (YoY)	55.12%	44.93%	6.80%	48.88%	22.09%	-
Cost of Revenue	483.1	393.66	272.8	265.87	154.63	136.49
Gross Profit	213.57	194.05	132.72	113.82	100.4	72.4
Selling, General & Admin	39.08	34.51	33.17	37.12	31.66	30.68
Other Operating Expenses	41.23	47.3	16.56	32.69	28.68	14.29
Operating Expenses	105.34	106.4	69.13	80.4	63.83	48.84
Operating Income	108.23	87.65	63.59	33.42	36.57	23.57
Interest Expense	-9.93	-6.95	-13.92	-9.14	-4.35	-6.19
Interest & Investment Income	1.22	1.22	5.37	2.29	3.2	5.09
Earnings From Equity Investments	3.4	2.07	1.35	1.04	3.19	-
Other Non Operating Income (Expenses)	-1.23	-1.22	-1.63	-1.7	-1.63	-1.29
Pretax Income	101.7	82.76	54.77	25.92	36.99	21.18
Income Tax Expense	24.27	20.2	13.17	6.74	8.29	5.54
Net Income	77.43	62.56	41.6	19.17	28.7	15.64
Net Income to Common	77.43	62.56	41.6	19.17	28.7	15.64
Net Income Growth	53.29%	50.40%	116.95%	-33.20%	83.54%	-
Shares Outstanding (Basic)	22	22	16	16	16	16
Shares Outstanding (Diluted)	22	22	16	16	16	16
Shares Change (YoY)	16.63%	33.63%	3.25%	-	-	-
EPS (Basic)	3.54	2.87	2.55	1.21	1.82	0.99
EPS (Diluted)	3.54	2.87	2.55	1.21	1.82	0.99
EPS Growth	31.44%	12.55%	110.13%	-33.20%	83.54%	-
Free Cash Flow	-17.25	-91	-49	-53.82	12.52	50.1
Free Cash Flow Per Share	-0.79	-4.17	-3.00	-3.41	0.79	3.17
Gross Margin	30.66%	33.02%	32.73%	29.98%	39.37%	34.66%
Operating Margin	15.54%	14.91%	15.68%	8.80%	14.34%	11.28%
Profit Margin	11.11%	10.64%	10.26%	5.05%	11.25%	7.49%
Free Cash Flow Margin	-2.48%	-15.48%	-12.08%	-14.17%	4.91%	23.98%
EBITDA	133.26	112.24	82.98	44.01	40.07	27.43
EBITDA Margin	19.13%	19.10%	20.46%	11.59%	15.71%	13.13%
D&A For EBITDA	25.02	24.6	19.39	10.59	3.5	3.87
EBIT	108.23	87.65	63.59	33.42	36.57	23.57
EBIT Margin	15.54%	14.91%	15.68%	8.80%	14.34%	11.28%
Effective Tax Rate	23.87%	24.41%	24.05%	26.02%	22.41%	26.16%
Revenue as Reported	703.9	598.21	430.26	387.22	262.17	217.97
Advertising Expenses	-	0.38	0.15	0.1	1.28	1.01

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