Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | — | — | — | — | — |
| EBITDA margin % | -93% | -29% | -21.5% | -30.9% | -56.1% |
| EBIT margin % | -114.9% | -45% | -37.2% | -54.3% | -72.2% |
| PAT margin % | -171.2% | -44.4% | -37.8% | 86.8% | -104.7% |
| Working capital | |||||
| Receivable days | 140 | 78 | 94 | 60 | 57 |
| Inventory days | 0 | 0 | 0 | 0 | 0 |
| Payable days | 49 | 61 | 44 | 21 | 23 |
| NWC days | 91 | 17 | 49 | 40 | 34 |
| Leverage | |||||
| Current ratio | 1.91 | 0.83 | 2.18 | 2.13 | 1.96 |
| Debt to EBITDA | — | — | — | — | — |
| Debt to equity | 1.14 | 0.4 | 0.33 | 0.83 | 0.8 |
| Interest coverage | -8.9 | -11.5 | -6.5 | -0.7 | 0.5 |
| Asset turnover | 0.31 | 0.52 | 0.26 | 0.13 | 0.09 |
| Return ratios | |||||
| Return on assets % | -52.9% | -23.2% | -10% | 11.5% | -9.4% |
| Return on capital employed % | -48.5% | -31.7% | -18% | -4.2% | 3.7% |
| Return on equity % | -118.6% | -38.2% | -13.3% | 21.9% | -17.5% |
Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.