Also trades as: MASTERTR.NS (NSE) · $vol 2M

₹82.00 ($0.85)

+1.60 (+1.99%)

BSE · Financial Services · Investment - Banking & Investment Services · Tech Score Sell · Power 49 · ₹9.9B mcap · 17M float · 0.636% daily turnover

Analysis Technicals Weather Peers

Revenue

$5.8B -1.4% ▼

5Y CAGR: +20.7%

Gross Profit

$4.5B +6.1% ▲

5Y CAGR: +21.8%

Operating Income

$1.7B -27.9% ▼

5Y CAGR: +31.7%

Net Income

$1.3B -3.9% ▼

5Y CAGR: +29.7%

EPS (Diluted)

$10.60 -5.4% ▼

5Y CAGR: +27.4%

EBITDA

$1.8B -27.3% ▼

5Y CAGR: +31.6%

View Full Income Statement

Line Item	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$3.3B	$3.4B	$4.1B	$5.8B	$5.8B
YoY Growth	+47.4%	+2.4%	+21.2%	+42.0%	-1.4%
Cost of Revenue	$945M	$896M	$2.4B	$1.6B	$1.3B
Gross Profit	$2.4B	$2.5B	$1.7B	$4.2B	$4.5B
Gross Margin	71.5%	73.6%	41.7%	72.5%	78.0%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$174M	$262M	$355M	$931M	$0
Operating Expenses	$1.6B	$1.6B	$606M	$1.8B	$2.8B
Operating Income	$735M	$880M	$1.1B	$2.4B	$1.7B
Operating Margin	22.2%	25.9%	27.0%	41.0%	30.0%
Interest Expense	$14M	$292M	$565M	$606M	$594M
Income Before Tax	$719M	$847M	$1.4B	$1.8B	$1.7B
Tax Expense	$168M	$188M	$357M	$475M	$464M
Net Income	$552M	$659M	$1.1B	$1.3B	$1.3B
Net Margin	16.7%	19.4%	26.3%	22.5%	21.9%
EPS (Diluted)	$5.07	$6.06	$9.79	$11.20	$10.60
EBITDA	$754M	$907M	$1.5B	$2.4B	$1.8B
Shares Outstanding	22M	22M	110M	117M	119M

Line Item	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2	FY2026 Q3	FY2026 Q4
Revenue	$1.6B	$1.5B	$1.5B	$1.2B	$1.3B	$1.3B	$1.4B	$1.8B
Cost of Revenue	$450M	$431M	$372M	$352M	$374M	$344M	$324M	$222M
Gross Profit	$1.2B	$1.1B	$1.1B	$868M	$942M	$924M	$1.0B	$1.6B
Gross Margin	71.9%	72.0%	74.9%	71.2%	71.6%	72.9%	76.3%	87.7%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$0	$0	$0	$278M	$0	$0	$0	$0
Operating Expenses	$545M	$475M	$476M	$346M	$436M	$343M	$597M	$1.4B
Operating Income	$609M	$631M	$630M	$522M	$506M	$582M	$446M	$1.2B
Operating Margin	38.0%	41.0%	42.6%	42.8%	38.5%	45.9%	32.7%	65.6%
Interest Expense	$154M	$146M	$158M	$148M	$148M	$150M	$154M	$143M
Income Before Tax	$455M	$486M	$473M	$374M	$359M	$432M	$446M	$487M
Tax Expense	$108M	$117M	$121M	$129M	$88M	$118M	$131M	$127M
Net Income	$346M	$369M	$352M	$246M	$271M	$314M	$315M	$361M
Net Margin	21.6%	24.0%	23.8%	20.1%	20.6%	24.8%	23.1%	20.0%
EPS (Diluted)	$3.06	$3.20	$3.00	$2.09	$2.30	$2.70	$2.56	$3.00
EBITDA	$619M	$642M	$642M	$528M	$518M	$593M	$457M	$497M
Shares Outstanding	113M	112M	117M	118M	118M	116M	123M	120M

MASTERTR.BO BSE