Kandal M Venture Limited (FMFC)

Kandal M Venture Income Statement

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

Year Ending	Mar 31, 2024	Mar 31, 2023
Revenue	13.97	13.47
Revenue Growth (YoY)	3.71%	-
Cost of Revenue	10.6	10.66
Gross Profit	3.37	2.81
Selling, General & Admin	1.89	1.82
Operating Expenses	1.89	1.82
Operating Income	1.48	0.99
Interest Expense / Income	0.4	0.19
Other Expense / Income	-0.22	-0.05
Pretax Income	1.3	0.86
Income Tax	0.18	0.11
Net Income	1.12	0.74
Net Income Growth	50.37%	-
Free Cash Flow	3.12	2.16
Gross Margin	24.10%	20.88%
Operating Margin	10.61%	7.34%
Profit Margin	8.01%	5.53%
Free Cash Flow Margin	22.30%	16.07%
Effective Tax Rate	13.73%	12.96%
EBITDA	1.97	1.35
EBITDA Margin	14.09%	10.04%
Depreciation & Amortization	0.27	0.31
EBIT	1.7	1.04
EBIT Margin	12.18%	7.74%

Source: IPO financials are sourced from S-1 and S-1/A filings submitted to the Securities and Exchange Commission (SEC).