Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Pioneer Invest
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 + | 6.44 | 9.66 | 8.35 | 7.34 | 8.43 | 11.45 | 8.64 | 8.00 | 9.66 | 9.91 | 15.31 | 15.57 | 11.93 |
| Expenses + | 5.60 | 5.59 | 5.26 | 5.07 | 5.47 | 8.63 | 5.10 | 7.06 | 5.57 | 7.96 | 8.43 | 7.72 | 4.59 |
| Operating Profit | 0.84 | 4.07 | 3.09 | 2.27 | 2.96 | 2.82 | 3.54 | 0.94 | 4.09 | 1.95 | 6.88 | 7.85 | 7.34 |
| OPM % | 13.04% | 42.13% | 37.01% | 30.93% | 35.11% | 24.63% | 40.97% | 11.75% | 42.34% | 19.68% | 44.94% | 50.42% | 61.53% |
| Other Income + | 0.21 | 0.14 | 0.11 | 0.02 | 0.21 | 6.88 | 2.67 | 3.87 | 0.82 | 7.07 | 1.72 | 0.82 | 1.49 |
| Interest | 1.72 | 2.39 | 2.32 | 1.82 | 2.50 | 4.01 | 2.26 | 4.10 | 3.01 | 3.83 | 4.02 | 2.39 | 2.23 |
| Depreciation | 0.27 | 0.15 | 0.25 | 0.26 | 0.27 | 0.28 | 0.24 | 0.23 | 0.20 | 0.39 | 0.17 | 0.17 | 0.25 |
| Profit before tax | -0.94 | 1.67 | 0.63 | 0.21 | 0.40 | 5.41 | 3.71 | 0.48 | 1.70 | 4.80 | 4.41 | 6.11 | 6.35 |
| Tax % | 11.70% | 84.43% | 49.21% | 47.62% | 27.50% | 38.45% | 11.32% | 41.67% | 12.35% | 40.83% | 18.14% | 20.79% | 9.29% |
| Net Profit + | -1.05 | 0.27 | 0.32 | 0.11 | 0.30 | 3.34 | 3.29 | 0.28 | 1.49 | 2.84 | 3.61 | 4.85 | 5.76 |
| EPS in Rs | -0.85 | 0.22 | 0.26 | 0.09 | 0.24 | 2.72 | 2.68 | 0.23 | 1.21 | 2.31 | 2.94 | 3.94 | 4.68 |
Financials of Pioneer Invest
Annual income statement trend
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 31 | 34 | 25 | 63 | 40 | 38 | 43 | 31 | 36 | 32 | 41 | 47 | 53 |
| Expenses + | 22 | 17 | 18 | 24 | 31 | 28 | 26 | 19 | 20 | 21 | 24 | 24 | 29 |
| Operating Profit | 9 | 17 | 8 | 39 | 9 | 10 | 17 | 12 | 16 | 11 | 17 | 23 | 24 |
| OPM % | 30% | 50% | 31% | 62% | 23% | 27% | 39% | 40% | 44% | 34% | 40% | 49% | 46% |
| Other Income + | -14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 3 | 11 |
| Interest | 13 | 9 | 8 | 13 | 7 | 8 | 11 | 8 | 10 | 7 | 11 | 14 | 12 |
| Depreciation | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | -19 | 8 | -1 | 25 | 1 | 2 | 5 | 3 | 5 | 4 | 7 | 11 | 22 |
| Tax % | 7% | 18% | -35% | 30% | 74% | -4% | 38% | 68% | 25% | 43% | 39% | 26% | |
| Net Profit + | -21 | 6 | -1 | 18 | 0 | 2 | 3 | 1 | 4 | 2 | 4 | 8 | 17 |
| EPS in Rs | -16.96 | 5.04 | -0.69 | 14.48 | 0.26 | 1.57 | 2.53 | 0.72 | 3.03 | 1.68 | 3.31 | 6.42 | 13.87 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Pioneer Invest
Capital structure and asset base
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves | 91 | 96 | 96 | 113 | 110 | 112 | 117 | 119 | 124 | 126 | 135 | 143 | 151 |
| Borrowings + | 64 | 66 | 34 | 50 | 46 | 73 | 42 | 103 | 51 | 84 | 108 | 143 | 71 |
| Other Liabilities + | 15 | 18 | 8 | 20 | 10 | 9 | 9 | 8 | 16 | 24 | 149 | 150 | 137 |
| Total Liabilities | 183 | 193 | 151 | 197 | 179 | 207 | 182 | 243 | 205 | 248 | 406 | 449 | 372 |
| Fixed Assets + | 5 | 3 | 2 | 3 | 4 | 5 | 6 | 5 | 5 | 4 | 5 | 5 | 6 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 2 | 7 | 4 | 15 | 16 | 17 | 16 | 16 | 18 | 18 | 119 | 122 | 124 |
| Other Assets + | 176 | 183 | 145 | 179 | 158 | 186 | 160 | 222 | 182 | 226 | 282 | 322 | 242 |
| Total Assets | 183 | 193 | 151 | 197 | 179 | 207 | 182 | 243 | 205 | 248 | 406 | 449 | 372 |
Financials of Pioneer Invest
Operating, investing and financing cash movement
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 34 | 10 | 29 | 10 | 17 | -12 | 32 | -55 | 68 | -30 | -23 | -25 |
| Cash from Investing Activity + | 55 | 1 | 5 | -11 | -1 | -1 | 6 | 1 | -2 | 1 | 6 | 5 |
| Cash from Financing Activity + | -91 | -7 | -40 | 3 | -12 | 20 | -43 | 52 | -62 | 26 | 11 | 21 |
| Net Cash Flow | -1 | 4 | -6 | 1 | 4 | 7 | -5 | -2 | 5 | -2 | -6 | 1 |
| Free Cash Flow | 86 | 10 | 29 | 9 | 15 | -12 | 30 | -55 | 67 | -30 | -24 | -25 |
| CFO/OP | 379% | 63% | 387% | 48% | 189% | -103% | 194% | -438% | 437% | -258% | -132% | -98% |
Financials of Pioneer Invest
Working capital efficiency and return ratios
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1,315 | 1,131 | 1,350 | 569 | 925 | 1,027 | 1,130 | 1,397 | 1,044 | 1,660 | 1,240 | 1,043 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 1,315 | 1,131 | 1,350 | 569 | 925 | 1,027 | 1,130 | 1,397 | 1,044 | 1,660 | 1,240 | 1,043 |
| Working Capital Days | 929 | 824 | 1,182 | 559 | 801 | 929 | 1,142 | 2,347 | 1,488 | 2,113 | 686 | 838 |
| ROCE % | 4% | 10% | 5% | 24% | 5% | 5% | 8% | 6% | 7% | 5% | 7% | 9% |
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