Tarmat Limited (NSE:TARMAT)

Tarmat Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Operating Revenue	1,127	1,013	893.53	1,437	1,810	1,958
Revenue	1,127	1,013	893.53	1,437	1,810	1,958
Revenue Growth (YoY)	33.90%	13.35%	-37.80%	-20.63%	-7.57%	-29.14%
Cost of Revenue	896.47	827.58	750.85	1,250	1,567	1,774
Gross Profit	230.59	185.26	142.69	187.02	242.97	184.81
Selling, General & Admin	124.29	108.1	85.84	113.09	131.43	63.28
Other Operating Expenses	54.37	44.57	32.01	52.35	38.31	49.53
Operating Expenses	193.3	166	126.29	175.8	180.34	126.63
Operating Income	37.29	19.26	16.4	11.23	62.63	58.18
Interest Expense	-16.59	-11.73	-7.29	-5.12	-23.77	-31.31
Interest & Investment Income	4.52	4.52	4.4	39.53	2.22	10.92
Earnings From Equity Investments	-	-	-	-	5.22	-
Other Non Operating Income (Expenses)	6.84	1.09	-0	0.32	0.57	1.67
EBT Excluding Unusual Items	32.05	13.14	13.52	45.96	46.88	39.46
Gain (Loss) on Sale of Investments	-	-	-	-	-2.11	-
Gain (Loss) on Sale of Assets	4.71	4.71	-	-	-	-
Other Unusual Items	0.22	0.22	-26.14	26.94	1.84	0.7
Pretax Income	36.98	18.07	-12.62	72.9	46.61	40.16
Income Tax Expense	-1.57	-0.62	-1.3	-1.26	0.84	-11.31
Net Income	38.56	18.69	-11.32	74.15	45.77	51.47
Net Income to Common	38.56	18.69	-11.32	74.15	45.77	51.47
Net Income Growth	-	-	-	62.01%	-11.07%	-25.11%
Shares Outstanding (Basic)	32	30	22	21	16	13
Shares Outstanding (Diluted)	32	30	22	31	21	13
Shares Change (YoY)	42.42%	33.65%	-29.05%	46.97%	59.61%	-
EPS (Basic)	1.22	0.63	-0.51	3.57	2.90	3.86
EPS (Diluted)	1.22	0.63	-0.51	2.37	2.15	3.86
EPS Growth	-	-	-	10.23%	-44.28%	-25.07%
Free Cash Flow	-	-368.81	-32.49	86.83	-73.83	238.35
Free Cash Flow Per Share	-	-12.43	-1.46	2.77	-3.47	17.87
Gross Margin	20.46%	18.29%	15.97%	13.02%	13.42%	9.44%
Operating Margin	3.31%	1.90%	1.84%	0.78%	3.46%	2.97%
Profit Margin	3.42%	1.85%	-1.27%	5.16%	2.53%	2.63%
Free Cash Flow Margin	-	-36.41%	-3.64%	6.04%	-4.08%	12.17%
EBITDA	54.28	32.59	24.84	21.58	73.23	72
EBITDA Margin	4.82%	3.22%	2.78%	1.50%	4.05%	3.68%
D&A For EBITDA	17	13.33	8.44	10.36	10.61	13.82
EBIT	37.29	19.26	16.4	11.23	62.63	58.18
EBIT Margin	3.31%	1.90%	1.84%	0.78%	3.46%	2.97%
Effective Tax Rate	-	-	-	-	1.80%	-
Revenue as Reported	1,143	1,023	897.94	1,478	1,821	1,972
Advertising Expenses	-	0.2	0.12	0.19	0.1	0.24

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