Titan Company Income Statement

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	943,060	875,840	604,560	510,840	405,750	287,990
Revenue Growth	38.88%	44.87%	18.35%	25.90%	40.89%	33.06%
Cost of Revenue	738,080	703,570	475,110	394,870	303,990	216,800
Gross Profit	204,980	172,270	129,450	115,970	101,760	71,190
Selling, General & Admin	48,040	42,870	35,020	30,600	26,480	19,660
Other Operating Expenses	51,500	45,650	37,420	32,390	26,460	17,910
Operating Expenses	109,260	96,780	79,370	68,830	57,350	41,560
Operating Income	95,720	75,490	50,080	47,140	44,410	29,630
Interest Expense	-15,210	-11,800	-9,530	-6,190	-3,000	-2,180
Interest & Investment Income	2,910	2,910	3,010	2,490	1,430	960
Earnings From Equity Investments	10	10	10	10	10	-
Currency Exchange Gain (Loss)	-210	-210	-60	-	-	-
Other Non Operating Income (Expenses)	8,650	1,200	260	810	570	180
EBT Excluding Unusual Items	91,870	67,600	43,770	44,260	43,420	28,590
Merger & Restructuring Charges	-	-	-	-	-	-510
Gain (Loss) on Sale of Investments	1,400	1,400	1,570	1,970	1,060	870
Gain (Loss) on Sale of Assets	20	20	10	-	-30	-30
Asset Writedown	-	-	-	-	-	-180
Other Unusual Items	-1,010	-1,010	-	-	20	300
Pretax Income	92,280	68,010	45,350	46,230	44,470	29,040
Income Tax Expense	21,960	17,280	11,980	11,270	11,730	7,060
Earnings From Continuing Operations	70,320	50,730	33,370	34,960	32,740	21,980
Minority Interest in Earnings	-	-	-	-	-240	-250
Net Income	70,320	50,730	33,370	34,960	32,500	21,730
Net Income to Common	70,320	50,730	33,370	34,960	32,500	21,730
Net Income Growth	70.31%	52.02%	-4.55%	7.57%	49.56%	123.33%
Shares Outstanding (Basic)	887	887	887	887	888	888
Shares Outstanding (Diluted)	888	888	887	888	888	888
Shares Change	0.06%	0.03%	-0.03%	-0.01%	-	-
EPS (Basic)	79.25	57.19	37.62	39.40	36.61	24.48
EPS (Diluted)	79.21	57.16	37.61	39.38	36.61	24.48
EPS Growth	70.21%	51.98%	-4.50%	7.57%	49.56%	123.33%

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Free Cash Flow	-100,820	46,880	-10,350	10,040	9,380	-9,480
Free Cash Flow Per Share	-113.57	52.82	-11.66	11.31	10.57	-10.68
Dividend Per Share	-	15.000	11.000	11.000	10.000	7.500
Dividend Growth	-	36.36%	0%	10.00%	33.33%	87.50%
Gross Margin	21.74%	19.67%	21.41%	22.70%	25.08%	24.72%
Operating Margin	10.15%	8.62%	8.28%	9.23%	10.95%	10.29%
Profit Margin	7.46%	5.79%	5.52%	6.84%	8.01%	7.54%
Free Cash Flow Margin	-10.69%	5.35%	-1.71%	1.97%	2.31%	-3.29%
EBITDA	100,550	78,860	52,800	49,450	46,060	31,430
EBITDA Margin	10.66%	9.00%	8.73%	9.68%	11.35%	10.91%
D&A For EBITDA	4,830	3,370	2,720	2,310	1,650	1,800
EBIT	95,720	75,490	50,080	47,140	44,410	29,630
EBIT Margin	10.15%	8.62%	8.28%	9.23%	10.95%	10.29%
Effective Tax Rate	23.80%	25.41%	26.42%	24.38%	26.38%	24.31%
Revenue as Reported	956,030	881,360	609,420	516,170	408,830	290,330
Advertising Expenses	-	15,350	13,080	11,480	9,660	5,900