Vdeal System 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	411.04	335.79	262.25	207.24	161.85	141.27
Revenue	411.04	335.79	262.25	207.24	161.85	141.27
Revenue Growth (YoY)	48.73%	28.04%	26.54%	28.05%	14.56%	31.46%
Cost of Revenue	292.56	217.63	168.28	152.88	121.81	109.83
Gross Profit	118.48	118.17	93.97	54.36	40.04	31.44
Selling, General & Admin	36.26	30.73	23.54	20.56	17	14.89
Other Operating Expenses	16.67	18.29	15.08	9.03	8.24	3.49
Operating Expenses	55.89	51.99	40.63	31.45	30	21.96
Operating Income	62.59	66.18	53.34	22.91	10.04	9.48
Interest Expense	-8.43	-10.6	-9.22	-7.56	-6.63	-6.9
Interest & Investment Income	0.25	0.25	0.26	0.3	0.55	0.51
Other Non Operating Income (Expenses)	-1.21	-2.48	-1.75	-0.78	-0.83	0
Pretax Income	53.2	53.34	42.63	14.88	3.12	3.09
Income Tax Expense	12.98	13.44	11.5	3.87	0.81	0.8
Net Income	40.22	39.9	31.14	11.01	2.31	2.29
Net Income to Common	40.22	39.9	31.14	11.01	2.31	2.29
Net Income Growth	21.17%	28.15%	182.84%	376.58%	0.97%	130.33%
Shares Outstanding (Basic)	5	4	3	3	3	3
Shares Outstanding (Diluted)	5	4	3	3	3	3
Shares Change (YoY)	43.44%	28.48%	-	-	-	-
EPS (Basic)	8.23	9.48	9.50	3.36	0.71	0.70
EPS (Diluted)	8.23	9.48	9.50	3.36	0.71	0.70
EPS Growth	-15.53%	-0.22%	182.74%	376.58%	0.97%	130.33%
Free Cash Flow	-32.13	-150.08	10.25	10.02	-2.81	5.8
Free Cash Flow Per Share	-6.58	-35.65	3.13	3.06	-0.86	1.77
Gross Margin	28.82%	35.19%	35.83%	26.23%	24.74%	22.25%
Operating Margin	15.23%	19.71%	20.34%	11.06%	6.20%	6.71%
Profit Margin	9.79%	11.88%	11.87%	5.31%	1.43%	1.62%
Free Cash Flow Margin	-7.82%	-44.70%	3.91%	4.84%	-1.74%	4.11%
EBITDA	65.36	68.96	55.35	24.6	14.7	12.87
EBITDA Margin	15.90%	20.54%	21.11%	11.87%	9.08%	9.11%
D&A For EBITDA	2.77	2.78	2.01	1.69	4.66	3.39
EBIT	62.59	66.18	53.34	22.91	10.04	9.48
EBIT Margin	15.23%	19.71%	20.34%	11.06%	6.20%	6.71%
Effective Tax Rate	24.39%	25.20%	26.96%	26.00%	25.99%	26.00%
Revenue as Reported	412.56	336.04	262.51	207.54	162.4	141.79
Advertising Expenses	-	3.33	1.33	0.75	0.95	0.09

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