Also trades as: BIRET.NS (NSE) · $vol 2M · BIRET.BO (BSE) · $vol 0M

₹330.36 ($3.43)

-5.67 (-1.69%)

NSE · Real Estate · REIT - Office · Tech Score Strong Sell · Power 38 · ₹211.4B mcap · 449M float · 0.087% daily turnover

Analysis Technicals Weather Peers

Revenue

$30.4B +24.3% ▲

5Y CAGR: +87.4%

Gross Profit

$16.0B +32.4% ▲

5Y CAGR: +52.1%

Operating Income

$16.9B +27.9% ▲

5Y CAGR: +107.4%

Net Income

$4.8B +160.5% ▲

5Y CAGR: +66.2%

EPS (Diluted)

$7.29 +100.8% ▲

5Y CAGR: +53.3%

EBITDA

$21.2B +21.3% ▲

5Y CAGR: +94.8%

View Full Income Statement

Line Item	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$8.9B	$12.1B	$18.2B	$24.5B	$30.4B
YoY Growth	+578.1%	+35.9%	+50.1%	+34.6%	+24.3%
Cost of Revenue	$3.4B	$4.8B	-$359M	$8.1B	$14.4B
Gross Profit	$8.9B	$12.1B	$18.5B	$24.5B	$16.0B
Gross Margin	100.0%	100.0%	102.0%	100.0%	52.7%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$253M	$520M	$652M	$540M	$0
Operating Expenses	$253M	$520M	$770M	$540M	-$814M
Operating Income	$4.2B	$5.5B	$17.5B	$23.9B	$16.9B
Operating Margin	46.9%	45.1%	96.4%	97.8%	55.4%
Interest Expense	$0	$0	$0	$10.8B	$8.9B
Income Before Tax	$2.2B	$1.4B	$645M	$2.5B	$7.6B
Tax Expense	-$221M	$92M	$683M	$895M	$2.2B
Net Income	$2.5B	$1.3B	$236M	$1.8B	$4.8B
Net Margin	27.6%	10.8%	1.3%	7.5%	15.8%
EPS (Diluted)	$7.97	$3.92	$0.59	$3.63	$7.29
EBITDA	$6.3B	$8.2B	$39.2B	$17.5B	$21.2B
Shares Outstanding	439M	335M	403M	509M	660M

Line Item	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2	FY2026 Q3	FY2026 Q4
Revenue	$5.9B	$6.0B	$6.2B	$6.4B	$6.5B	$6.9B	$7.2B	$9.8B
Cost of Revenue	$1.8B	$0	$0	$2.0B	$2.0B	$3.3B	$3.1B	$4.2B
Gross Profit	$5.9B	$6.0B	$6.2B	$6.4B	$3.5B	$3.6B	$4.1B	$5.6B
Gross Margin	100.0%	100.0%	100.0%	100.0%	53.4%	51.9%	56.6%	57.5%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$101M	$101M	$125M	$214M	$124M	$126M	$0	$0
Operating Expenses	$101M	$101M	$125M	$214M	-$236M	-$223M	-$196M	-$101M
Operating Income	$5.8B	$5.9B	$6.0B	$6.2B	$3.7B	$3.8B	$4.3B	$5.7B
Operating Margin	98.3%	98.3%	98.0%	96.7%	57.0%	55.1%	59.3%	58.5%
Interest Expense	$2.8B	$2.8B	$2.8B	$2.1B	$2.0B	$1.9B	$2.1B	$3.6B
Income Before Tax	$494M	$427M	$478M	$1.1B	$1.5B	$1.8B	$2.0B	$2.2B
Tax Expense	$120M	$175M	$220M	$380M	$204M	$297M	$20M	$1.7B
Net Income	$501M	$333M	$343M	$670M	$1.2B	$1.4B	$1.8B	$369M
Net Margin	8.6%	5.5%	5.6%	10.4%	19.1%	20.3%	25.0%	3.8%
EPS (Diluted)	$1.13	$0.69	$0.68	$1.11	$2.05	$2.26	$2.71	$0.49
EBITDA	$4.3B	$0	$0	$4.5B	$4.8B	$4.9B	$5.4B	$7.2B
Shares Outstanding	444M	480M	508M	606M	608M	618M	666M	749M

BIRET-RR.NS NSE