Vardhman Holdings 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	Dec '25 Dec 31, 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
Other Revenue	159.55	246.05	173.09	77.46	349.26	210.14
Revenue	159.55	246.05	173.09	77.46	349.26	210.14
Revenue Growth (YoY)	-	42.15%	123.45%	-77.82%	66.20%	52.31%
Gross Profit	159.55	246.05	173.09	77.46	349.26	210.14
Selling, General & Admin	6.7	6.2	4.84	12.45	8.18	5.61
Other Operating Expenses	14.84	55.44	38.38	31.06	22.38	16.91
Operating Expenses	21.62	61.72	43.29	43.59	30.64	22.61
Operating Income	137.93	184.33	129.81	33.88	318.62	187.53
Earnings From Equity Investments	2,322	2,545	1,812	2,215	4,276	1,145
EBT Excluding Unusual Items	2,459	2,730	1,942	2,249	4,595	1,332
Other Unusual Items	0.1	0.1	0.46	0.02	-	-
Pretax Income	2,460	2,730	1,942	2,249	4,595	1,332
Income Tax Expense	138.3	149.7	93.6	-35.12	303.93	37.03
Net Income	2,321	2,580	1,849	2,284	4,291	1,295
Net Income to Common	2,321	2,580	1,849	2,284	4,291	1,295
Net Income Growth	8.54%	39.55%	-19.07%	-46.76%	231.31%	-18.91%
Shares Outstanding (Basic)	3	3	3	3	3	3
Shares Outstanding (Diluted)	3	3	3	3	3	3
Shares Change (YoY)	-0.01%	-	-	-	-	-
EPS (Basic)	727.37	808.40	579.28	715.75	1344.43	405.80
EPS (Diluted)	727.37	808.40	579.28	715.75	1344.43	405.80
EPS Growth	8.55%	39.55%	-19.07%	-46.76%	231.31%	-18.91%
Free Cash Flow	-	-54.97	-28.91	12.85	-49.93	821.43
Free Cash Flow Per Share	-	-17.23	-9.06	4.03	-15.64	257.38
Dividend Per Share	-	5.000	5.000	5.000	5.000	5.000
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	86.45%	74.92%	74.99%	43.73%	91.23%	89.24%
Profit Margin	1454.86%	1048.58%	1068.10%	2948.92%	1228.53%	616.31%
Free Cash Flow Margin	-	-22.34%	-16.70%	16.58%	-14.29%	390.89%
EBITDA	138.01	184.41	129.88	33.95	318.7	187.62
EBITDA Margin	86.50%	74.95%	75.03%	43.83%	91.25%	89.28%
D&A For EBITDA	0.07	0.07	0.07	0.07	0.08	0.09
EBIT	137.93	184.33	129.81	33.88	318.62	187.53
EBIT Margin	86.45%	74.92%	74.99%	43.73%	91.23%	89.24%
Effective Tax Rate	5.62%	5.48%	4.82%	-	6.62%	2.78%
Revenue as Reported	159.83	246.33	173.74	77.66	349.44	210.32

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