V-MARC India Income Statement

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	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
Operating Revenue	17,973	9,049	5,647	2,473	1,810
Other Revenue	-	-	-	21.25	3.04
Revenue	17,973	9,049	5,647	2,494	1,813
Revenue Growth (YoY)	98.63%	60.23%	126.42%	37.55%	3.54%
Cost of Revenue	14,130	6,992	4,381	1,910	1,413
Gross Profit	3,843	2,056	1,266	584.21	399.97
Selling, General & Admin	693.18	455.25	224.3	126.94	112.74
Other Operating Expenses	1,142	624.26	378.41	175.92	131.06
Operating Expenses	2,080	1,261	692.79	328.37	269.55
Operating Income	1,763	795.32	573.64	255.84	130.42
Interest Expense	-454.28	-278.28	-189.78	-108.14	-59.12
Interest & Investment Income	-	12.6	6.86	4.3	6.44
Currency Exchange Gain (Loss)	-	-	0.03	-	-
Other Non Operating Income (Expenses)	31.7	-33.51	-30.56	-15.73	-13
EBT Excluding Unusual Items	1,340	496.13	360.19	136.28	64.73
Gain (Loss) on Sale of Assets	-	1.01	0.17	0	-
Pretax Income	1,340	497.14	360.35	136.28	64.73
Income Tax Expense	339.8	136.19	91.82	31.82	14.81
Net Income	1,001	360.95	268.53	104.46	49.92
Net Income to Common	1,001	360.95	268.53	104.46	49.92
Net Income Growth	177.19%	34.42%	157.08%	109.24%	-13.83%
Shares Outstanding (Basic)	24	24	23	23	23
Shares Outstanding (Diluted)	24	24	23	23	23
Shares Change (YoY)	-0.00%	7.22%	-0.14%	0.05%	35.75%
EPS (Basic)	40.97	14.78	11.79	4.58	2.19
EPS (Diluted)	40.97	14.78	11.79	4.58	2.19
EPS Growth	177.20%	25.36%	157.42%	109.13%	-36.52%
Free Cash Flow	112.63	-353.43	-49.34	-180.09	-58.95
Free Cash Flow Per Share	4.61	-14.47	-2.17	-7.90	-2.59
Gross Margin	21.38%	22.73%	22.43%	23.42%	22.06%
Operating Margin	9.81%	8.79%	10.16%	10.26%	7.19%
Profit Margin	5.57%	3.99%	4.75%	4.19%	2.75%
Free Cash Flow Margin	0.63%	-3.91%	-0.87%	-7.22%	-3.25%
EBITDA	2,008	976.88	663.72	281.35	156.17
EBITDA Margin	11.17%	10.80%	11.75%	11.28%	8.61%
D&A For EBITDA	245.41	181.57	90.08	25.51	25.75
EBIT	1,763	795.32	573.64	255.84	130.42
EBIT Margin	9.81%	8.79%	10.16%	10.26%	7.19%
Effective Tax Rate	25.35%	27.40%	25.48%	23.35%	22.88%
Revenue as Reported	18,005	9,062	5,658	2,498	1,820
Advertising Expenses	-	44.69	12.06	6.25	7.17

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