STEL Holdings 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	253.68	-	-	-	-	122.67
Other Revenue	152.46	219.07	184.64	171.62	200.61	-
Revenue	406.14	219.07	184.64	171.62	200.61	122.67
Revenue Growth (YoY)	119.15%	18.65%	7.59%	-14.45%	63.53%	-24.54%
Cost of Revenue	0.91	0.91	0.8	0.45	0.49	0.61
Gross Profit	405.22	218.16	183.84	171.17	200.12	122.06
Selling, General & Admin	2.05	1.78	1.72	1.55	1.59	1.18
Other Operating Expenses	3.47	3.7	4.05	4.95	3.84	3.21
Operating Expenses	6.03	6.05	6.45	7.04	5.89	4.87
Operating Income	399.2	212.12	177.4	164.13	194.23	117.19
Other Non Operating Income (Expenses)	-127.32	-	-	-	0.1	0
EBT Excluding Unusual Items	271.88	212.12	177.4	164.13	194.33	117.19
Pretax Income	271.88	212.12	177.4	164.13	194.33	117.19
Income Tax Expense	102.67	53.43	44.67	41.54	48.25	30.65
Net Income	169.21	158.68	132.73	122.59	146.08	86.55
Net Income to Common	169.21	158.68	132.73	122.59	146.08	86.55
Net Income Growth	6.80%	19.55%	8.27%	-16.08%	68.79%	-42.94%
Shares Outstanding (Basic)	-	18	18	18	18	18
Shares Outstanding (Diluted)	-	18	18	18	18	18
Shares Change (YoY)	-	-	-	-0.00%	-	-
EPS (Basic)	-	8.60	7.19	6.64	7.92	4.69
EPS (Diluted)	-	8.60	7.19	6.64	7.92	4.69
EPS Growth	-	19.55%	8.32%	-16.11%	68.79%	-42.94%
Free Cash Flow	-	431.77	119.84	137.87	145.41	-97.09
Free Cash Flow Per Share	-	23.40	6.49	7.47	7.88	-5.26
Gross Margin	99.78%	99.58%	99.57%	99.74%	99.75%	99.50%
Operating Margin	98.29%	96.82%	96.08%	95.64%	96.82%	95.53%
Profit Margin	41.66%	72.43%	71.89%	71.43%	72.82%	70.55%
Free Cash Flow Margin	-	197.09%	64.91%	80.34%	72.49%	-79.14%
EBITDA	399.71	212.64	177.95	164.6	194.68	117.67
EBITDA Margin	98.42%	97.06%	96.37%	95.91%	97.04%	95.92%
D&A For EBITDA	0.51	0.53	0.55	0.47	0.45	0.47
EBIT	399.2	212.12	177.4	164.13	194.23	117.19
EBIT Margin	98.29%	96.82%	96.08%	95.64%	96.82%	95.53%
Effective Tax Rate	37.76%	25.19%	25.18%	25.31%	24.83%	26.15%
Revenue as Reported	406.14	219.07	184.64	171.62	200.71	122.67
Advertising Expenses	-	0.29	0.28	0.14	0.33	0.28

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