Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Indian Terrain
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 + | 125.93 | 92.28 | 140.36 | 109.21 | 114.16 | 68.36 | 85.83 | 96.88 | 89.53 | 68.78 | 100.96 | 101.40 | 106.53 |
| Expenses + | 112.51 | 86.53 | 129.83 | 104.65 | 104.94 | 79.84 | 89.61 | 91.87 | 86.15 | 67.77 | 92.45 | 89.43 | 95.73 |
| Operating Profit | 13.42 | 5.75 | 10.53 | 4.56 | 9.22 | -11.48 | -3.78 | 5.01 | 3.38 | 1.01 | 8.51 | 11.97 | 10.80 |
| OPM % | 10.66% | 6.23% | 7.50% | 4.18% | 8.08% | -16.79% | -4.40% | 5.17% | 3.78% | 1.47% | 8.43% | 11.80% | 10.14% |
| Other Income + | -4.38 | 0.68 | 1.04 | 1.11 | 1.10 | 1.03 | 1.58 | 0.92 | 1.23 | 1.26 | 0.88 | 0.20 | 1.22 |
| Interest | 6.51 | 5.04 | 5.58 | 5.80 | 5.45 | 5.58 | 5.50 | 5.47 | 4.41 | 4.48 | 4.65 | 4.69 | 5.24 |
| Depreciation | 5.65 | 5.40 | 5.21 | 5.08 | 6.60 | 4.88 | 4.71 | 4.31 | 4.04 | 3.83 | 3.59 | 3.42 | 3.24 |
| Profit before tax | -3.12 | -4.01 | 0.78 | -5.21 | -1.73 | -20.91 | -12.41 | -3.85 | -3.84 | -6.04 | 1.15 | 4.06 | 3.54 |
| Tax % | 95.51% | -30.17% | 1,157.69% | -24.76% | -101.73% | -26.97% | 75.50% | -10.65% | -43.49% | 2.48% | 133.04% | 36.95% | 125.42% |
| Net Profit + | -6.10 | -2.80 | -8.25 | -3.92 | 0.03 | -15.27 | -21.78 | -3.44 | -2.17 | -6.19 | -0.38 | 2.56 | -0.90 |
| EPS in Rs | -1.38 | -0.63 | -1.86 | -0.89 | 0.01 | -3.45 | -4.92 | -0.75 | -0.47 | -1.22 | -0.07 | 0.51 | -0.18 |
Financials of Indian Terrain
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 290 | 325 | 326 | 401 | 422 | 370 | 213 | 336 | 501 | 456 | 341 | 378 |
| Expenses + | 257 | 284 | 286 | 354 | 372 | 342 | 232 | 309 | 448 | 426 | 344 | 345 |
| Operating Profit | 34 | 41 | 40 | 48 | 51 | 28 | -19 | 27 | 53 | 30 | -3 | 32 |
| OPM % | 12% | 13% | 12% | 12% | 12% | 8% | -9% | 8% | 11% | 7% | -1% | 9% |
| Other Income + | 1 | 5 | 5 | 2 | 3 | 4 | 11 | 7 | -0 | 4 | 5 | 4 |
| Interest | 9 | 7 | 9 | 7 | 8 | 21 | 24 | 19 | 19 | 22 | 25 | 19 |
| Depreciation | 3 | 2 | 3 | 4 | 6 | 23 | 23 | 23 | 23 | 22 | 18 | 14 |
| Profit before tax | 23 | 37 | 33 | 39 | 40 | -12 | -54 | -8 | 10 | -10 | -41 | 3 |
| Tax % | 21% | 11% | 31% | 35% | 35% | -10% | -43% | -72% | 32% | 47% | 4% | 281% |
| Net Profit + | 18 | 33 | 23 | 25 | 26 | -10 | -31 | -2 | 7 | -15 | -43 | -5 |
| EPS in Rs | 5.01 | 8.99 | 6.02 | 6.71 | 6.78 | -2.73 | -7.48 | -0.54 | 1.60 | -3.37 | -9.33 | -0.97 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Indian Terrain
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 8 | 8 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 10 |
| Reserves | 119 | 154 | 171 | 196 | 222 | 209 | 190 | 188 | 203 | 188 | 174 | 174 |
| Borrowings + | 39 | 45 | 44 | 37 | 33 | 123 | 114 | 109 | 109 | 143 | 117 | 102 |
| Other Liabilities + | 50 | 64 | 78 | 136 | 155 | 164 | 153 | 167 | 225 | 182 | 142 | 153 |
| Total Liabilities | 216 | 270 | 301 | 377 | 418 | 503 | 466 | 473 | 546 | 522 | 442 | 439 |
| Fixed Assets + | 7 | 27 | 35 | 49 | 53 | 128 | 111 | 94 | 73 | 62 | 43 | 29 |
| CWIP | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 59 | 0 | 0 | 0 | 30 | 21 | 22 | 19 | 17 | 9 | 0 | 8 |
| Other Assets + | 150 | 243 | 264 | 328 | 335 | 354 | 333 | 360 | 457 | 452 | 399 | 402 |
| Total Assets | 216 | 270 | 301 | 377 | 418 | 503 | 466 | 473 | 546 | 522 | 442 | 439 |
Financials of Indian Terrain
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 12 | 23 | 12 | 19 | 5 | 14 | 14 | 22 | 10 | -14 | 19 | 19 |
| Cash from Investing Activity + | -59 | 41 | -8 | -17 | -37 | 4 | 5 | 3 | 18 | 11 | 8 | -7 |
| Cash from Financing Activity + | 47 | -0 | -7 | -14 | -12 | -22 | -20 | -23 | -31 | 3 | -15 | -25 |
| Net Cash Flow | 1 | 64 | -3 | -12 | -45 | -4 | -1 | 3 | -3 | -0 | 13 | -13 |
| Free Cash Flow | 11 | 1 | -1 | 2 | -5 | 7 | 19 | 22 | 24 | -14 | 16 | 18 |
| CFO/OP | 48% | 72% | 58% | 56% | 15% | 96% | -76% | 84% | 18% | -44% | -659% | 61% |
Financials of Indian Terrain
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 120 | 132 | 122 | 162 | 207 | 248 | 388 | 243 | 188 | 222 | 254 | 239 |
| Inventory Days | 108 | 115 | 159 | 136 | 99 | 121 | 163 | 143 | 151 | 123 | 123 | 126 |
| Days Payable | 69 | 101 | 103 | 141 | 126 | 166 | 242 | 174 | 195 | 169 | 143 | 129 |
| Cash Conversion Cycle | 159 | 146 | 179 | 157 | 180 | 203 | 309 | 212 | 144 | 176 | 233 | 236 |
| Working Capital Days | 66 | 82 | 87 | 101 | 127 | 140 | 191 | 117 | 92 | 96 | 118 | 130 |
| ROCE % | 24% | 21% | 17% | 19% | 18% | 3% | -10% | 3% | 11% | 3% | -5% | 8% |
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