Startup Valuation
Business Valuation for Start ups & Young Growth Companies
Business Valuation for Start ups & Young Growth Companies
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Estimated Income Statement/Profit & Loss
Account
Amount in Crore FY 3/20 FY 3/21 FY 3/22 FY 3/23 FY 3/24
Earnings bef Interest & Tax 385.5 393.4 401.1 410.4 421.7
(EBIT)
Finance Cost (8% on Rs 65 5.2 5.2 5.2 5.2 5.2
crore)
Earnings bef Tax (EBT 380.3 388.2 395.9 405.2 416.5
Tax @ 33.6% 127.8 130.4 133.0 136.1 139.9
Net Income 252.5 257.8 262.9 269.0 276.6
Note
1. Optionally convertible debentures of Rs 65 crore is assumed to be retained as debt forever.