Ming Shing Group Holdings Income Statement

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

Millions USD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 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
Revenue	24.87	33.85	27.57	21.87	14.38	6.15
Revenue Growth (YoY)	-21.70%	22.77%	26.09%	52.03%	133.73%	-
Cost of Revenue	31.35	35.16	22.48	18.37	11.76	5.03
Gross Profit	-6.47	-1.31	5.09	3.49	2.63	1.12
Selling, General & Admin	4.03	4.05	1.85	0.86	0.51	0.36
Total Operating Expenses	4.03	4.05	1.85	0.86	0.51	0.36
Operating Income	-10.5	-5.35	3.25	2.64	2.12	0.76
Interest Expense	-0.46	-0.51	-0.29	-0.18	-0.07	-0.09
Other Non-Operating Income (Expense)	0.07	0.05	0.02	0.8	0.08	0.69
Total Non-Operating Income (Expense)	-0.4	-0.46	-0.27	0.62	0	0.6
Pretax Income	-10.9	-5.81	2.98	3.26	2.12	1.36
Provision for Income Taxes	-0.58	-0.08	0.65	0.47	0.32	0.09
Net Income	-10.32	-5.73	2.33	2.79	1.8	1.27
Net Income to Common	-10.32	-5.73	2.33	2.79	1.8	1.27
Net Income Growth	-	-	-16.53%	54.55%	41.70%	-
Shares Outstanding (Basic)	13	12	11	11	8	6
Shares Outstanding (Diluted)	13	12	11	11	8	6
Shares Change (YoY)	12.99%	5.33%	-	38.26%	44.66%	-
EPS (Basic)	-0.85	-0.48	0.21	0.25	0.22	0.23
EPS (Diluted)	-0.85	-0.48	0.21	0.25	0.22	0.23
EPS Growth	-	-	-16.00%	13.64%	-4.35%	-
Free Cash Flow	0.67	-7.97	1.31	0.78	-0.15	0.64
Free Cash Flow Growth	-	-	67.95%	-	-	-
Free Cash Flow Per Share	0.05	-0.67	0.12	0.07	-0.02	0.11
Gross Margin	-26.03%	-3.86%	18.47%	15.98%	18.28%	18.20%
Operating Margin	-42.22%	-15.82%	11.77%	12.07%	14.71%	12.39%
Profit Margin	-41.49%	-16.93%	8.44%	12.75%	12.54%	20.68%
FCF Margin	2.70%	-23.54%	4.75%	3.57%	-1.05%	10.34%
EBITDA	-10.35	-5.2	3.35	2.72	2.18	0.81
EBITDA Margin	-41.61%	-15.37%	12.16%	12.43%	15.13%	13.14%
EBIT	-10.5	-5.35	3.25	2.64	2.12	0.76
EBIT Margin	-42.22%	-15.82%	11.77%	12.07%	14.71%	12.39%
Effective Tax Rate	5.31%	1.38%	21.81%	14.40%	14.95%	6.63%

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q