Thinking Hats Entertainment Solutions Limited (NSE:THESL)

NSE:THESL Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue	476.68	266.32	221.48	116.02
Revenue Growth (YoY)	78.99%	20.25%	90.90%	-
Cost of Revenue	242.31	176.26	158.85	97.29
Gross Profit	234.37	90.06	62.63	18.73
Selling, General & Admin	168.36	31.84	26.74	17.24
Other Operating Expenses	12.53	7.63	6.11	-3.39
Operating Expenses	183.06	41.15	33.89	14.45
Operating Income	51.31	48.91	28.74	4.28
Interest Expense	-5.29	-5.49	-1.55	-0.01
Interest & Investment Income	1.83	0.1	0.26	0.46
Currency Exchange Gain (Loss)	-	-	-	0.06
Other Non Operating Income (Expenses)	2.62	-0.49	-0	-
EBT Excluding Unusual Items	50.46	43.03	27.46	4.79
Gain (Loss) on Sale of Assets	-0.14	-	-	-
Other Unusual Items	1.97	-	-	-
Pretax Income	52.29	43.03	27.46	4.79
Income Tax Expense	15.64	12.12	7.38	1.07
Net Income	36.65	30.92	20.08	3.72
Net Income to Common	36.65	30.92	20.08	3.72
Net Income Growth	18.55%	53.97%	439.61%	-
Shares Outstanding (Basic)	11	8	8	8
Shares Outstanding (Diluted)	11	8	8	8
Shares Change (YoY)	36.58%	2.96%	-	-
EPS (Basic)	3.42	3.94	2.63	0.49
EPS (Diluted)	3.42	3.94	2.63	0.49
EPS Growth	-13.20%	49.56%	439.55%	-
Free Cash Flow	-20.94	14.12	10.89	8.7
Free Cash Flow Per Share	-1.95	1.80	1.43	1.14
Gross Margin	49.17%	33.82%	28.28%	16.15%
Operating Margin	10.76%	18.37%	12.98%	3.69%
Profit Margin	7.69%	11.61%	9.07%	3.21%
Free Cash Flow Margin	-4.39%	5.30%	4.92%	7.50%
EBITDA	53.48	50.59	29.78	4.88
EBITDA Margin	11.22%	19.00%	13.44%	4.21%
D&A For EBITDA	2.17	1.68	1.04	0.6
EBIT	51.31	48.91	28.74	4.28
EBIT Margin	10.76%	18.37%	12.98%	3.69%
Effective Tax Rate	29.91%	28.15%	26.87%	22.33%
Revenue as Reported	484	267.01	222.78	124.52
Advertising Expenses	71.6	3.13	1.87	0.28

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