Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Maximus Interna.
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 + | 23.79 | 24.97 | 21.26 | 24.76 | 25.85 | 36.96 | 39.22 | 35.84 | 36.91 | 44.88 | 39.52 | 45.84 | 43.45 |
| Expenses + | 22.20 | 21.36 | 19.41 | 22.78 | 22.29 | 36.59 | 36.14 | 32.36 | 33.13 | 41.94 | 35.78 | 42.26 | 40.25 |
| Operating Profit | 1.59 | 3.61 | 1.85 | 1.98 | 3.56 | 0.37 | 3.08 | 3.48 | 3.78 | 2.94 | 3.74 | 3.58 | 3.20 |
| OPM % | 6.68% | 14.46% | 8.70% | 8.00% | 13.77% | 1.00% | 7.85% | 9.71% | 10.24% | 6.55% | 9.46% | 7.81% | 7.36% |
| Other Income + | 0.99 | -1.52 | 0.17 | 0.13 | 0.23 | 3.78 | 0.37 | 0.38 | 0.73 | 0.43 | 0.13 | 1.24 | 0.59 |
| Interest | 0.50 | 0.33 | 0.37 | 0.53 | 0.53 | 0.85 | 0.61 | 0.87 | 0.84 | 0.84 | 0.92 | 1.02 | 0.99 |
| Depreciation | 0.33 | 0.31 | 0.31 | 0.32 | 0.36 | 0.36 | 0.41 | 0.41 | 0.45 | 0.42 | 0.48 | 0.53 | 0.54 |
| Profit before tax | 1.75 | 1.45 | 1.34 | 1.26 | 2.90 | 2.94 | 2.43 | 2.58 | 3.22 | 2.11 | 2.47 | 3.27 | 2.26 |
| Tax % | -1.71% | 7.59% | -0.75% | -1.59% | 10.69% | 5.78% | 12.76% | 17.05% | 13.04% | 3.32% | 6.07% | 14.68% | 12.83% |
| Net Profit + | 1.78 | 1.34 | 1.35 | 1.28 | 2.59 | 2.77 | 2.12 | 2.14 | 2.80 | 2.04 | 2.33 | 2.79 | 1.97 |
| EPS in Rs | 0.14 | 0.11 | 0.11 | 0.10 | 0.20 | 0.22 | 0.17 | 0.16 | 0.20 | 0.15 | 0.17 | 0.20 | 0.14 |
Financials of Maximus Interna.
Annual income statement trend
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales + | 33 | 57 | 31 | 52 | 69 | 100 | 109 | 157 | 174 |
| Expenses + | 31 | 55 | 28 | 47 | 63 | 90 | 101 | 144 | 160 |
| Operating Profit | 2 | 3 | 3 | 6 | 6 | 9 | 8 | 13 | 13 |
| OPM % | 5% | 5% | 10% | 11% | 9% | 9% | 7% | 8% | 8% |
| Other Income + | 0 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 |
| Interest | 0 | 0 | 1 | 1 | 1 | 2 | 2 | 3 | 4 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 2 | 2 |
| Profit before tax | 2 | 3 | 3 | 4 | 5 | 8 | 8 | 10 | 10 |
| Tax % | 9% | 7% | 12% | 11% | 10% | 8% | 5% | 12% | |
| Net Profit + | 1 | 2 | 3 | 4 | 5 | 7 | 8 | 9 | 9 |
| EPS in Rs | 0.12 | 0.15 | 0.20 | 0.25 | 0.33 | 0.55 | 0.63 | 0.67 | 0.66 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Maximus Interna.
Capital structure and asset base
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 13 | 13 | 13 | 13 | 13 | 13 | 14 | 14 |
| Reserves | 7 | 4 | 7 | 9 | 14 | 19 | 28 | 58 | 66 |
| Borrowings + | 2 | 1 | 5 | 7 | 7 | 9 | 18 | 23 | 28 |
| Other Liabilities + | 3 | 4 | 18 | 18 | 22 | 36 | 24 | 38 | 40 |
| Total Liabilities | 18 | 22 | 43 | 46 | 54 | 77 | 82 | 133 | 148 |
| Fixed Assets + | 3 | 3 | 12 | 11 | 10 | 10 | 10 | 10 | 12 |
| CWIP | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 5 | 4 |
| Investments | 2 | 2 | 2 | 1 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 13 | 17 | 28 | 33 | 44 | 67 | 71 | 118 | 131 |
| Total Assets | 18 | 22 | 43 | 46 | 54 | 77 | 82 | 133 | 148 |
Financials of Maximus Interna.
Operating, investing and financing cash movement
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 3 | 2 | -8 | 7 | -2 | 2 | -8 | -15 |
| Cash from Investing Activity + | -11 | -1 | -3 | -2 | 2 | -2 | 0 | -7 |
| Cash from Financing Activity + | 4 | -1 | 11 | -5 | -0 | 1 | 6 | 23 |
| Net Cash Flow | -3 | 0 | -0 | 0 | -0 | 1 | -2 | 1 |
| Free Cash Flow | 3 | 2 | -18 | 6 | -3 | 1 | -10 | -20 |
| CFO/OP | 199% | 79% | -262% | 125% | -30% | 31% | -100% | -104% |
Financials of Maximus Interna.
Working capital efficiency and return ratios
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 29 | 34 | 152 | 97 | 125 | 157 | 147 | 182 |
| Inventory Days | 0 | 0 | 89 | 54 | 31 | 31 | 26 | 35 |
| Days Payable | 102 | 50 | 72 | 94 | 42 | 72 | ||
| Cash Conversion Cycle | 29 | 34 | 138 | 101 | 84 | 93 | 131 | 146 |
| Working Capital Days | 5 | 15 | 167 | 101 | 96 | 106 | 132 | 144 |
| ROCE % | 23% | 15% | 15% | 17% | 21% | 18% | 16% |
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