IGC Pharma, Inc. (IGC)

IGC Pharma Income Statement

Financials in millions USD. 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
Revenue	1.11	1.27	1.35	0.91	0.4	0.9
Revenue Growth (YoY)	-6.51%	-5.50%	47.64%	129.47%	-55.79%	-77.95%
Cost of Revenue	0.6	0.65	0.61	0.47	0.2	0.79
Gross Profit	0.51	0.62	0.73	0.44	0.19	0.11
Selling, General & Admin	4.32	4.41	6.76	8.55	13.29	7.91
Research & Development	4.29	3.66	3.77	3.46	2.33	0.93
Total Operating Expenses	8.61	8.07	10.53	12.01	15.62	8.84
Operating Income	-8.09	-7.45	-9.8	-11.57	-15.43	-8.72
Total Non-Operating Income (Expense)	1.65	0.33	-3.2	0.07	0.41	-0.09
Pretax Income	-6.45	-7.12	-13	-11.51	-15.02	-8.81
Net Income	-6.45	-7.12	-13	-11.51	-15.02	-8.81
Net Income to Common	-6.45	-7.12	-13	-11.51	-15.02	-8.81
Shares Outstanding (Basic)	83	77	59	53	50	42
Shares Outstanding (Diluted)	83	77	59	53	50	42
Shares Change (YoY)	19.48%	30.04%	11.91%	5.17%	19.13%	6.26%
EPS (Basic)	-0.07	-0.09	-0.22	-0.22	-0.30	-0.21
EPS (Diluted)	-0.07	-0.09	-0.22	-0.22	-0.30	-0.21
Shares Outstanding	91.96	80.88	66.69	53.08	51.05	47.83
Free Cash Flow	-5.63	-4.91	-5.34	-7.36	-7.7	-12.27
Free Cash Flow Per Share	-0.07	-0.06	-0.09	-0.14	-0.15	-0.29
Gross Margin	46.20%	48.70%	54.50%	48.52%	48.87%	12.58%
Operating Margin	-731.83%	-585.84%	-728.48%	-1270.14%	-3886.15%	-971.49%
Profit Margin	-582.82%	-560.27%	-966.54%	-1263.01%	-3782.37%	-981.18%
FCF Margin	-508.68%	-386.07%	-396.80%	-807.57%	-1939.04%	-1366.37%
EBITDA	-7.52	-6.83	-9.16	-10.91	-14.78	-8.25
EBITDA Margin	-680.20%	-537.22%	-681.12%	-1198.02%	-3722.17%	-918.26%
EBIT	-8.09	-7.45	-9.8	-11.57	-15.43	-8.72
EBIT Margin	-731.83%	-585.84%	-728.48%	-1270.14%	-3886.15%	-971.49%

Updated Nov 14, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q