Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of eMudhra Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 77 | 80 | 96 | 97 | 100 | 92 | 141 | 139 | 147 | 147 | 173 | 188 | 193 |
| Expenses + | 53 | 56 | 68 | 73 | 67 | 66 | 109 | 109 | 112 | 113 | 132 | 147 | 151 |
| Operating Profit | 24 | 24 | 28 | 25 | 33 | 27 | 32 | 30 | 35 | 35 | 41 | 41 | 42 |
| OPM % | 31% | 30% | 29% | 25% | 33% | 29% | 23% | 22% | 24% | 24% | 24% | 22% | 22% |
| Other Income + | 2 | 1 | 0 | 2 | 3 | 3 | 1 | 2 | 2 | 3 | 2 | 3 | 3 |
| Interest | 2 | 0 | 0 | 1 | 1 | 0 | 1 | 0 | -0 | 0 | 1 | 1 | 3 |
| Depreciation | 4 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 7 | 9 | 9 | 9 |
| Profit before tax | 20 | 20 | 23 | 20 | 29 | 24 | 27 | 25 | 31 | 31 | 33 | 34 | 33 |
| Tax % | 22% | 17% | 19% | 2% | 28% | 23% | 18% | 12% | 22% | 19% | 20% | 15% | 11% |
| Net Profit + | 16 | 16 | 19 | 20 | 21 | 18 | 22 | 22 | 24 | 25 | 26 | 29 | 30 |
| EPS in Rs | 2.03 | 2.00 | 2.35 | 2.58 | 2.54 | 2.16 | 2.65 | 2.53 | 2.88 | 3.00 | 3.05 | 3.46 | 3.50 |
Financials of eMudhra Ltd
Annual income statement trend
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 102 | 116 | 132 | 183 | 249 | 373 | 519 | 702 |
| Expenses + | 69 | 85 | 92 | 116 | 161 | 263 | 395 | 542 |
| Operating Profit | 32 | 32 | 40 | 67 | 87 | 110 | 124 | 159 |
| OPM % | 32% | 27% | 30% | 37% | 35% | 29% | 24% | 23% |
| Other Income + | -2 | 0 | 1 | 1 | 5 | 7 | 8 | 12 |
| Interest | 0 | 1 | 1 | 5 | 3 | 3 | 1 | 5 |
| Depreciation | 8 | 9 | 9 | 13 | 16 | 21 | 24 | 34 |
| Profit before tax | 22 | 23 | 31 | 50 | 73 | 93 | 107 | 131 |
| Tax % | 19% | 20% | 19% | 18% | 17% | 18% | 19% | 16% |
| Net Profit + | 17 | 18 | 25 | 41 | 61 | 76 | 87 | 110 |
| EPS in Rs | 2.49 | 2.37 | 2.49 | 5.90 | 7.90 | 9.06 | 10.22 | 13.02 |
| Dividend Payout % | 0% | 0% | 0% | 21% | 15% | 13% | 12% | 10% |
Financials of eMudhra Ltd
Capital structure and asset base
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 35 | 35 | 35 | 35 | 37 | 40 | 41 | 41 |
| Reserves | 41 | 57 | 72 | 118 | 354 | 616 | 705 | 870 |
| Borrowings + | 29 | 42 | 51 | 67 | 25 | 8 | 0 | 29 |
| Other Liabilities + | 15 | 25 | 33 | 39 | 43 | 86 | 123 | 274 |
| Total Liabilities | 120 | 159 | 192 | 259 | 460 | 750 | 868 | 1,213 |
| Fixed Assets + | 62 | 62 | 125 | 117 | 162 | 253 | 419 | 727 |
| CWIP | 22 | 40 | 4 | 43 | 47 | 51 | 17 | 29 |
| Investments | 0 | 0 | 14 | 0 | 21 | 4 | 81 | 46 |
| Other Assets + | 36 | 56 | 49 | 99 | 230 | 443 | 351 | 411 |
| Total Assets | 120 | 159 | 192 | 259 | 460 | 750 | 868 | 1,213 |
Financials of eMudhra Ltd
Operating, investing and financing cash movement
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 17 | 23 | 41 | 22 | 34 | 73 | 102 | 133 |
| Cash from Investing Activity + | -32 | -29 | -47 | -37 | -102 | -90 | -204 | -198 |
| Cash from Financing Activity + | 10 | 12 | 5 | 16 | 127 | 176 | -21 | 22 |
| Net Cash Flow | -5 | 7 | -1 | 1 | 59 | 158 | -124 | -43 |
| Free Cash Flow | -15 | -5 | 6 | -25 | -28 | -1 | 18 | -52 |
| CFO/OP | 62% | 86% | 110% | 39% | 56% | 76% | 91% | 93% |
Financials of eMudhra Ltd
Working capital efficiency and return ratios
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 77 | 73 | 41 | 88 | 99 | 101 | 102 | 98 |
| Inventory Days | 5 | 22 | 14 | 26 | 13 | 32 | 16 | 27 |
| Days Payable | 83 | 115 | 68 | 177 | 223 | 261 | 358 | 420 |
| Cash Conversion Cycle | -1 | -20 | -13 | -62 | -111 | -128 | -240 | -294 |
| Working Capital Days | 42 | 29 | 9 | 15 | 107 | 112 | 100 | 88 |
| ROCE % | 20% | 21% | 28% | 24% | 18% | 15% | 16% |