| Income Statement | | | | | | | | | | |
| | | | | | | Press Release | | | |
| INR | Fiscal Year Ending | | Latest | | Year-to-date Ending |
| (in millions) | Mar-20 | Mar-21 | Mar-22 | Mar-23 | Mar-24 | | Dec-24 | | Dec-23 | Dec-24 |
| FY - 4 | FY - 3 | FY - 2 | FY - 1 | FY | | LTM | | YTD-1 | YTD |
| | | | | | | | | | |
| Revenue | 7,259 | 1,271 | 1,989 | 3,827 | 4,190 | | 6,789 | | 3,165 | 5,765 |
| % Growth | NA | -82.5% | 56.5% | 92.4% | 9.5% | | | | | 82.1% |
| | | | | | | | | | |
| Cost of Revenue | (4,779) | (833) | (1,213) | (1,862) | (2,262) | | (4,681) | | (1,655) | (4,074) |
| Gross Profit | 2,480 | 438 | 776 | 1,965 | 1,928 | | 2,108 | | 1,510 | 1,691 |
| % Revenue | 34.2% | 34.4% | 39.0% | 51.4% | 46.0% | | 31.1% | | 47.7% | 29.3% |
| | | | | | | | | | |
| Research and Development | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Selling and Marketing | (196) | (80) | (124) | (336) | (460) | | (424) | | (359) | (323) |
| General and Admin | (55) | (9) | (2) | (2) | (4) | | (4) | | 0 | 0 |
| Other Inc / (Exp) | (2,886) | (1,468) | (1,101) | (1,720) | (1,721) | | (1,814) | | (1,332) | (1,425) |
| Total Operating Exp | (3,137) | (1,557) | (1,227) | (2,059) | (2,185) | | (2,242) | | (1,690) | (1,748) |
| | | | | | | | | | |
| Operating Income | (657) | (1,119) | (451) | (93) | (257) | | (134) | | (180) | (57) |
| % Revenue | -9.0% | -88.0% | -22.7% | -2.4% | -6.1% | | -2.0% | | -5.7% | -1.0% |
| | | | | | | | | | |
| Interest Expense | (114) | (12) | (15) | (148) | (72) | | 149 | | (121) | 101 |
| Pre-tax Income | (770) | (1,131) | (466) | (241) | (329) | | 15 | | (301) | 44 |
| Earnings of Discontinued Ops. | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Provision for Taxes | (70) | (64) | (17) | (47) | (37) | | (7) | | (35) | (5) |
| Net Income to Company | (840) | (1,195) | (482) | (288) | (367) | | 8 | | (336) | 39 |
| % Margin | -11.6% | -94.0% | -24.3% | -7.5% | -8.7% | | 0.1% | | -10.6% | 0.7% |
| | | | | | | | | | |
| Minority Interest in Earnings | 6 | 18 | 5 | (1) | 16 | | (73) | | 14 | (75) |
| Net Income to Stockholders | (834) | (1,177) | (478) | (289) | (351) | | (65) | | (323) | (36) |
| | | | | | | | | | |
| Preferred Dividends | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Other Adj. | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| | | | | | | | | | |
| Net Income to Common | (834) | (1,177) | (478) | (289) | (351) | | (65) | | (323) | (36) |
| % Margin | -11.5% | -92.6% | -24.0% | -7.6% | -8.4% | | -1.0% | | -10.2% | -0.6% |
| | | | | | | | | | |
| As Reported | | | | | | | | | | |
| Basic EPS (Continuing Ops) | (17.94) | (20.38) | (7.66) | (4.59) | (5.60) | | (1.12) | | (5.06) | (0.59) |
| Diluted EPS (Continuing Ops) | (17.94) | (20.42) | (7.66) | (4.59) | (5.60) | | (1.12) | | (5.06) | (0.59) |
| | | | | | | | | | |
| WA Basic Shares Out. | 46.48 | 57.77 | 62.35 | 62.99 | 62.67 | | 60.75 | | 63.71 | 61.79 |
| WA Diluted Shares Out. | 46.48 | 58.51 | 62.35 | 62.99 | 62.67 | | 60.75 | | 63.71 | 61.79 |
| | | | | | | | | | |
| EBITDA, EBIT Reconciliation | | | | | | | | | | |
| EBT, Incl. Unusual Items | (770) | (1,131) | (466) | (241) | (329) | | 15 | | (301) | 44 |
| Addback: Net Interest Expense | 114 | 12 | 15 | 148 | 72 | | (149) | | 121 | (101) |
| Addback: Other Non Operating Expenses, Total | 32 | (352) | (36) | 149 | 44 | | 44 | | 0 | 0 |
| Addback: Depreciation & Amortization | 589 | 662 | 246 | 28 | 30 | | 95 | | 143 | 209 |
| Addback: Restructuring Charges | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Addback: Merger / Acquisition Expenses | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Addback: Goodwill Impairment | 222 | 265 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Addback: Gain (Loss) On Sale Of Invest. | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Addback: Gain (Loss) On Sale Of Assets | (5) | (2) | (2) | (4) | (1) | | (1) | | 0 | 0 |
| Addback: Asset Writedown | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Addback: In Process R&D Expenses | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Addback: Insurance Settlements | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Addback: Legal Settlements | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Addback: Other Unusual Items | (456) | (121) | (27) | (118) | (46) | | (100) | | 54 | 0 |
| Adjusted EBITDA | (276) | (667) | (271) | (38) | (230) | | (96) | | 17 | 152 |
| % Margin | -3.8% | -52.5% | -13.6% | -1.0% | -5.5% | | -1.4% | | 0.5% | 2.6% |
| | | | | | | | | | |
| Adjusted EBIT | (864) | (1,329) | (516) | (66) | (260) | | (191) | | (126) | (57) |
| % Margin | -11.9% | -104.5% | -25.9% | -1.7% | -6.2% | | -2.8% | | -4.0% | -1.0% |
| | | | | | | | | | |
| Adjusted Net Income Reconciliation | | | | | | | | | | |
| Net Income to Company | (840) | (1,195) | (482) | (288) | (367) | | 8 | | (336) | 39 |
| Addback: Unusual Items | (239) | 141 | (29) | (122) | (47) | | (101) | | 54 | 0 |
| Less: Tax Benefit of Unusual Items (26%) | 62 | (37) | 8 | 32 | 12 | | 26 | | (14) | 0 |
| Adjusted Net Income | (1,017) | (1,090) | (504) | (378) | (401) | | (66) | | (296) | 39 |
| % Margin | -14.0% | -85.8% | -25.3% | -9.9% | -9.6% | | -1.0% | | -9.4% | 0.7% |