Veto Switchgears and Cables Limited (NSE:VETO)

NSE:VETO 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	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Operating Revenue	3,185	3,004	3,001	2,902	2,672	1,812
Other Revenue	9.43	3.13	1.63	22.86	20.43	5.31
Revenue	3,195	3,007	3,003	2,925	2,693	1,818
Revenue Growth (YoY)	7.52%	0.14%	2.66%	8.62%	48.15%	21.00%
Cost of Revenue	2,338	2,196	2,248	2,151	1,972	1,283
Gross Profit	857.12	810.46	754.66	774.23	720.35	534.15
Selling, General & Admin	267.64	250.07	222.45	239.68	202.07	158.07
Other Operating Expenses	262.36	229.59	211.46	175.63	149.51	125.97
Operating Expenses	568.75	510.2	461.16	443.52	384.92	304.03
Operating Income	288.37	300.25	293.5	330.71	335.43	230.13
Interest Expense	-20.89	-15.22	-36.02	-44.62	-35	-14.34
Interest & Investment Income	1.84	1.84	8.02	12.15	1.01	0.81
Earnings From Equity Investments	-	-	-	-	-	1.39
Currency Exchange Gain (Loss)	-	-	27.33	9.11	-	-
Other Non Operating Income (Expenses)	-1.2	-1.19	-5.42	-3.2	-4.51	-4.28
EBT Excluding Unusual Items	268.13	285.69	287.41	304.14	296.93	213.69
Gain (Loss) on Sale of Assets	9.73	9.73	0.11	0.02	1.03	0.19
Pretax Income	277.85	295.41	287.52	304.15	297.96	213.89
Income Tax Expense	73.07	77.21	106.89	99.62	96.07	65.53
Earnings From Continuing Operations	204.78	218.2	180.63	204.54	201.9	148.36
Minority Interest in Earnings	6.18	3.12	-1.11	-2.06	-1.72	-0.41
Net Income	210.96	221.32	179.52	202.47	200.17	147.95
Net Income to Common	210.96	221.32	179.52	202.47	200.17	147.95
Net Income Growth	17.68%	23.29%	-11.34%	1.15%	35.30%	59.42%
Shares Outstanding (Basic)	19	19	19	19	19	19
Shares Outstanding (Diluted)	19	19	19	19	19	19
Shares Change (YoY)	1.14%	-	-	-	-	0.59%
EPS (Basic)	10.86	11.58	9.39	10.59	10.47	7.74
EPS (Diluted)	10.86	11.58	9.39	10.59	10.47	7.74
EPS Growth	16.35%	23.29%	-11.34%	1.15%	35.30%	58.60%
Free Cash Flow	-26.06	-47.61	214.87	128.89	-91.94	38.51
Free Cash Flow Per Share	-1.34	-2.49	11.24	6.74	-4.81	2.01
Dividend Per Share	-	1.000	1.000	1.000	1.000	1.000
Gross Margin	26.83%	26.95%	25.13%	26.47%	26.75%	29.39%
Operating Margin	9.03%	9.98%	9.78%	11.31%	12.46%	12.66%
Profit Margin	6.60%	7.36%	5.98%	6.92%	7.43%	8.14%
Free Cash Flow Margin	-0.82%	-1.58%	7.16%	4.41%	-3.41%	2.12%
EBITDA	325.3	328.98	316.01	353.24	359.76	246.41
EBITDA Margin	10.18%	10.94%	10.52%	12.08%	13.36%	13.56%
D&A For EBITDA	36.93	28.73	22.5	22.53	24.34	16.29
EBIT	288.37	300.25	293.5	330.71	335.43	230.13
EBIT Margin	9.03%	9.98%	9.78%	11.31%	12.46%	12.66%
Effective Tax Rate	26.30%	26.14%	37.18%	32.75%	32.24%	30.64%
Revenue as Reported	3,217	3,029	3,048	2,955	2,704	1,827
Advertising Expenses	-	42.89	26.08	34.79	29.33	28.12

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.