| As per IND AS | As per IND AS | As per IND AS | As per IND AS | As per IND AS | |
| Particulars | FY21 | FY22 | FY23 | FY24 | FY25 |
| Revenue from Operations | 57606.42 | 83494.24 | 1,12,392.60 | 1,29,330.16 | 1,45,382.54 |
| Cost of Materials Consumed | 36230.67 | 56484.7 | 73248.34 | 82,376.10 | 88,905.99 |
| Gross Profit | 21,375.75 | 27,009.54 | 39,144.26 | 46,954.06 | 56,476.55 |
| Gross Profit Margin (%) | 37.1% | 32.3% | 34.8% | 36.3% | 38.8% |
| Employee Cost | 7953.47 | 8922.28 | 9336.3 | 11896.82 | 14,700.30 |
| Other Expenses | 12317.82 | 14798.19 | 19169.91 | 23755.75 | 28,152.12 |
| EBITDA | 1,104.46 | 3,289.07 | 10,638.05 | 11,301.49 | 13,624.13 |
| EBITDA Margin (%) | 1.9% | 3.9% | 9.5% | 8.7% | 9.4% |
| Depreciation | 872.13 | 1175.73 | 729.62 | 797.65 | 1,177.06 |
| EBIT | 232.33 | 2,113.34 | 9,908.43 | 10,503.84 | 12,447.07 |
| Finance Cost | 193.42 | 445.49 | 259.62 | 216.24 | 242.39 |
| Other Income | 747.90 | 591.37 | 1246.46 | 1301.28 | 2,065.24 |
| Profit Before Tax (PBT) | 786.81 | 2,259.22 | 10,895.27 | 11,588.88 | 14,269.92 |
| Tax | 143.12 | 545.86 | 2749.03 | 2962.68 | 3,487.03 |
| Profit After Tax (PAT) | 643.69 | 1,713.36 | 8,146.24 | 8,626.20 | 10,782.89 |
| PAT Margin (%) | 1.1% | 2.1% | 7.2% | 6.7% | 7.4% |
| EPS (Basic) | 4.29 | 11.42 | 54.31 | 58.68 | 68.51 |
| EPS (Diluted) | 4.29 | 11.42 | 54.31 | 58.68 | 68.03 |
| As per IND AS | As per IND AS | As per IND AS | As per IND AS | As per IND AS | |
| Particulars | FY21 | FY22 | FY23 | FY24 | FY25 |
| Non-Current Assets | |||||
| Property, Plant andEquipment | 10,623.63 | 9,903.68 | 10,391.94 | 10,636.72 | 14,937.82 |
| Capital work-in-progress | - | - | - | 1,268.16 | 1,346.41 |
| Investment properties | 467.74 | 307.55 | 283.46 | 276.64 | 269.82 |
| Intangible Assets | 17.76 | 13.15 | 3.70 | 18.42 | 43.20 |
| Right-of-use assets | 5,297.99 | 5,260.91 | 5,357.58 | 5,653.61 | 6,532.86 |
| Intangible assets under development | - | - | - | - | - |
| Investments in Joint Venture/Subsidiary | - | - | - | - | - |
| Investments | 0.58 | 0.58 | 501.02 | 536.42 | 3,588.02 |
| Trade Receivables | 3,328.98 | 2,795.11 | 3,837.04 | 4,813.26 | 6,663.40 |
| Loans | - | - | - | 45.15 | 55.71 |
| Other financial assets | 94.67 | 406.69 | 159.84 | 279.20 | 220.82 |
| Non current tax assets (Net) | 727.99 | 139.30 | 187.85 | 239.52 | 196.83 |
| Other non current assets | 68.36 | 193.87 | 408.32 | 270.73 | 1,625.88 |
| 20,627.70 | 19,020.84 | 21,130.75 | 24,037.83 | 35,480.77 | |
| Current Assets | |||||
| Inventories | 9,791.77 | 13,412.76 | 13,697.58 | 14,684.34 | 16,573.01 |
| Contract assets | 1,660.91 | 2,124.60 | 2,792.94 | 3,525.20 | 4,894.42 |
| Investments | - | - | - | - | 502.10 |
| Trade Receivables | 6,872.18 | 8,570.13 | 15,870.75 | 17,075.19 | 21,095.98 |
| Cash and cash equivalents | 498.62 | 4,010.48 | 5,866.32 | 6,157.67 | 8,472.26 |
| Bank balances | 6,198.53 | 5,165.37 | 6,054.44 | 7,612.50 | 11,405.44 |
| Loans | 26.20 | 33.66 | 27.63 | 62.31 | 50.57 |
| Other financial assets | 91.33 | 118.24 | 101.83 | 142.16 | 9,467.39 |
| Current tax assets | - | 560.06 | - | - | 52.50 |
| Other current assets | 1,135.40 | 1,359.17 | 1,960.33 | 2,203.61 | 3,407.18 |
| Assets held for Sale | - | - | - | - | - |
| 26,274.94 | 35,354.47 | 46,371.82 | 51,462.98 | 75,920.85 | |
| Total Assets | 46,902.64 | 54,375.31 | 67,502.57 | 75,500.81 | 1,11,401.62 |
| Particulars | FY21 | FY22 | FY23 | FY24 | FY25 |
| Equity | |||||
| Equity Share Capital | 1,500.06 | 1,500.06 | 1,500.06 | 1,441.59 | 1,664.04 |
| Other Equity | 28,465.82 | 30,331.85 | 38,427.84 | 43,020.87 | 73,477.89 |
| 29,965.88 | 31,831.91 | 39,927.90 | 44,462.46 | 75,141.93 | |
| Non-current liabilities | |||||
| Borrowings | 12.60 | 101.92 | 110.56 | 64.37 | 27.94 |
| Lease liabilities | 388.68 | 414.75 | 577.74 | 267.76 | 231.79 |
| Government grants | 8.79 | 7.33 | 5.86 | 4.39 | 2.93 |
| Employee defined benefit liabilities (net) | 1,928.49 | 1,974.77 | 906.38 | 111.20 | - |
| Provisions | - | - | - | - | - |
| Deferred tax liabilities | 608.32 | 246.91 | 588.47 | 571.80 | 770.96 |
| 2,946.88 | 2,745.68 | 2,189.01 | 1,019.52 | 1,033.62 | |
| Current liabilities | |||||
| Contract assets | 4,598.23 | 8,759.09 | 10,602.61 | 11,638.64 | 16,413.84 |
| Borrowings | 182.83 | 234.20 | 1,027.81 | 955.86 | 1,692.25 |
| Lease liabilities | 31.00 | 33.82 | 56.70 | 50.51 | 35.97 |
| Trade Payables | 7,039.84 | 8,045.95 | 10,366.01 | 13,356.43 | 12,065.22 |
| Other Financial Liabilities | 1,009.60 | 1,109.98 | 1,186.44 | 1,715.31 | 2,559.38 |
| Other Current Liabilities | 693.96 | 1,230.05 | 1,207.14 | 937.88 | 1,756.15 |
| Provisions | 250.02 | 115.78 | 137.48 | 167.75 | 386.62 |
| Government grants | 1.47 | 1.47 | 1.47 | 1.47 | 1.47 |
| Employee defined benefitliabilities (net) | 182.93 | 154.43 | 800.00 | 1,194.98 | 315.17 |
| Liabilities for current tax (net) | - | 112.95 | - | - | - |
| 13,989.88 | 19,797.72 | 25,385.66 | 30,018.83 | 35,226.07 | |
| Total Equity & Liabilities | 46,902.64 | 54,375.31 | 67,502.57 | 75,500.81 | 1,11,401.62 |
| As per IND AS | As per IND AS | As per IND AS | As per IND AS | As per IND AS | |
| Cash Flow Statement | FY21 | FY22 | FY23 | FY24 | FY25 |
| Profit Before Tax | 786.81 | 2,259.22 | 10,895.27 | 11,588.88 | 14,269.92 |
| Adjustments for Depreciation and other items | 719.54 | 1,763.65 | 57.90 | 101.07 | 556.22 |
| Operating profit before working capital changes | 1,506.35 | 4,022.87 | 10,953.17 | 11,689.95 | 14,826.14 |
| Changes in working capital | 2,524.08 | (602.23) | (5,840.78) | (503.93) | (6,161.74) |
| Cash generated from operations | 4,030.43 | 3,420.64 | 5,112.39 | 11,186.02 | 8,664.40 |
| Direct taxes paid – net of refund | 147.27 | 802.73 | 1,977.78 | 3,033.73 | 3,308.51 |
| Net Cash from Operating Activities (A) | 3,883.16 | 2,617.91 | 3,134.61 | 8,152.29 | 5,355.89 |
| Net Cash from Investing Activities (B) | (3,498.64) | 908.22 | (1,904.90) | (3,275.81) | (22,306.12) |
| Net Cash from Financing Activities (C) | (347.76) | (14.26) | 626.13 | (4,585.13) | 19,208.38 |
| Net Change in cash and cash equivalents (A+B+C) | 36.76 | 3,511.87 | 1,855.84 | 291.35 | 2,258.15 |
The Securities Exchange Board of India (“SEBI”) vide its circular dated July 31, 2023 as amended on August 4, 2023 and December 28, 2023, has introduced a common Online Dispute Resolution (“ODR”) Portal to facilitate online resolution of all kinds of disputes arising in the Indian Securities Market. The ODR Portal provides members with an additional mechanism to resolve their grievances.
Smart ODR Portal (Securities Market Approach for Resolution through ODR Portal) can be accessed here: https://smartodr.in/login
Ms. Nidhi Khandelwal
Strategic Growth Advisors Private Limited
Shrikant Sangani
MUFG Intime India Private Limited
(Formerly Link Intime India Private Limited)
