Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of EMS Ltd
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 151 | 190 | 138 | 211 | 200 | 245 | 206 | 233 | 245 | 270 | 239 | 173 | 200 |
| Expenses + | 109 | 143 | 106 | 154 | 153 | 178 | 156 | 165 | 174 | 205 | 185 | 136 | 170 |
| Operating Profit | 43 | 48 | 32 | 57 | 47 | 68 | 50 | 69 | 71 | 65 | 54 | 37 | 31 |
| OPM % | 28% | 25% | 23% | 27% | 23% | 28% | 24% | 29% | 29% | 24% | 23% | 21% | 15% |
| Other Income + | 1 | 2 | 1 | 8 | 6 | 1 | 2 | 2 | 3 | 2 | 2 | 4 | 3 |
| Interest | 1 | 1 | 2 | 2 | 1 | 2 | 1 | 1 | 1 | 2 | 3 | 3 | 3 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 3 | 2 | 2 | 3 | 3 | 3 | 2 | 3 |
| Profit before tax | 42 | 48 | 31 | 62 | 51 | 64 | 49 | 67 | 70 | 63 | 51 | 36 | 27 |
| Tax % | 28% | 25% | 25% | 26% | 26% | 26% | 25% | 26% | 27% | 25% | 25% | 23% | 29% |
| Net Profit + | 30 | 36 | 23 | 45 | 37 | 47 | 37 | 50 | 51 | 47 | 38 | 28 | 19 |
| EPS in Rs | 25.11 | 7.54 | 4.82 | 8.15 | 6.72 | 8.53 | 6.68 | 8.94 | 9.09 | 8.39 | 6.82 | 5.09 | 3.39 |
Financials of EMS Ltd
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| Sales + | 326 | 331 | 360 | 538 | 793 | 966 | 883 |
| Expenses + | 230 | 232 | 247 | 388 | 589 | 712 | 696 |
| Operating Profit | 96 | 99 | 113 | 150 | 204 | 254 | 187 |
| OPM % | 30% | 30% | 31% | 28% | 26% | 26% | 21% |
| Other Income + | 7 | 5 | 3 | 5 | 16 | 16 | 11 |
| Interest | 3 | 4 | 6 | 4 | 6 | 11 | 11 |
| Depreciation | 2 | 2 | 3 | 3 | 7 | 10 | 10 |
| Profit before tax | 98 | 98 | 107 | 148 | 207 | 249 | 177 |
| Tax % | 26% | 27% | 27% | 26% | 26% | 26% | |
| Net Profit + | 72 | 72 | 79 | 109 | 153 | 184 | 132 |
| EPS in Rs | 61.64 | 61.17 | 66.51 | 22.91 | 27.44 | 33.05 | 23.69 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 7% | 5% |
Financials of EMS Ltd
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 12 | 12 | 12 | 47 | 56 | 56 | 56 |
| Reserves | 218 | 290 | 368 | 444 | 743 | 920 | 986 |
| Borrowings + | 16 | 4 | 4 | 45 | 71 | 86 | 165 |
| Other Liabilities + | 62 | 73 | 119 | 103 | 101 | 104 | 111 |
| Total Liabilities | 308 | 378 | 503 | 639 | 970 | 1,165 | 1,317 |
| Fixed Assets + | 31 | 36 | 51 | 54 | 94 | 96 | 126 |
| CWIP | 0 | 3 | 0 | 4 | 0 | 0 | 37 |
| Investments | 0 | 0 | 1 | 2 | 10 | 18 | 10 |
| Other Assets + | 276 | 340 | 451 | 579 | 866 | 1,052 | 1,143 |
| Total Assets | 308 | 378 | 503 | 639 | 970 | 1,165 | 1,317 |
Financials of EMS Ltd
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 47 | 36 | 23 | 4 | -116 | 34 |
| Cash from Investing Activity + | -27 | -8 | -15 | -21 | -83 | 19 |
| Cash from Financing Activity + | -6 | -11 | 3 | 38 | 176 | 1 |
| Net Cash Flow | 15 | 16 | 11 | 21 | -23 | 54 |
| Free Cash Flow | 21 | 27 | 9 | -4 | -140 | 27 |
| CFO/OP | 50% | 36% | 20% | 31% | -36% | 38% |
Financials of EMS Ltd
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 44 | 103 | 160 | 84 | 112 | 142 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 44 | 103 | 160 | 84 | 112 | 142 |
| Working Capital Days | 125 | 183 | 219 | 137 | 180 | 187 |
| ROCE % | 37% | 33% | 33% | 29% | 27% |