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BSE · Technology · Semiconductors · Tech Score Neutral · Power 60 · ₹14.0B mcap · 80M float · 0.251% daily turnover

Analysis Technicals Weather Peers

Revenue

$909M +5.4% ▲

5Y CAGR: +24.8%

Gross Profit

$199M -33.5% ▼

5Y CAGR: +12.2%

Operating Income

$89M -12.6% ▼

5Y CAGR: +38.3%

Net Income

$79M +4.0% ▲

5Y CAGR: +42.9%

EPS (Diluted)

$1.01 +5.2% ▲

5Y CAGR: +38.2%

EBITDA

$139M +5.1% ▲

5Y CAGR: +31.3%

View Full Income Statement

Line Item	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$423M	$573M	$668M	$862M	$909M
YoY Growth	+40.8%	+35.5%	+16.4%	+29.1%	+5.4%
Cost of Revenue	$283M	$366M	$426M	$562M	$709M
Gross Profit	$140M	$208M	$241M	$300M	$199M
Gross Margin	33.2%	36.2%	36.2%	34.8%	21.9%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$18M	$28M	$24M	$87M	$110M
Operating Expenses	$103M	$139M	$153M	$198M	$110M
Operating Income	$38M	$69M	$88M	$102M	$89M
Operating Margin	9.0%	12.0%	13.2%	11.8%	9.8%
Interest Expense	$6M	$10M	$12M	$19M	$14M
Income Before Tax	$37M	$79M	$95M	$104M	$112M
Tax Expense	$9M	$20M	$25M	$27M	$33M
Net Income	$28M	$60M	$70M	$76M	$79M
Net Margin	6.6%	10.4%	10.5%	8.8%	8.7%
EPS (Diluted)	$0.42	$0.87	$1.01	$0.96	$1.01
EBITDA	$54M	$102M	$118M	$132M	$139M
Shares Outstanding	68M	69M	69M	80M	79M

Line Item	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2	FY2026 Q3	FY2026 Q4
Revenue	$211M	$188M	$199M	$265M	$210M	$256M	$203M	$239M
Cost of Revenue	$161M	$119M	$129M	$180M	$130M	$155M	$133M	$193M
Gross Profit	$50M	$69M	$70M	$84M	$81M	$102M	$70M	$47M
Gross Margin	23.6%	36.5%	35.2%	31.9%	38.3%	39.6%	34.3%	19.5%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$18M	$0	$0	$25M	$25M	$30M	$26M	$29M
Operating Expenses	$18M	$47M	$52M	$53M	$55M	$61M	$64M	$29M
Operating Income	$31M	$21M	$18M	$32M	$26M	$41M	$5M	$17M
Operating Margin	14.9%	11.3%	8.9%	11.9%	12.3%	15.8%	2.7%	7.2%
Interest Expense	$6M	$5M	$4M	$4M	$4M	$4M	$3M	$3M
Income Before Tax	$29M	$23M	$19M	$32M	$27M	$54M	$6M	$25M
Tax Expense	$6M	$9M	$4M	$8M	$8M	$12M	$2M	$11M
Net Income	$23M	$14M	$15M	$24M	$19M	$42M	$4M	$14M
Net Margin	10.8%	7.6%	7.5%	9.2%	8.9%	16.5%	2.2%	5.8%
EPS (Diluted)	$0.33	$0.18	$0.19	$0.31	$0.24	$0.63	$0.06	$0.17
EBITDA	$40M	$30M	$27M	$39M	$34M	$61M	$13M	$32M
Shares Outstanding	70M	80M	80M	80M	79M	67M	74M	82M

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