Skyosiri

Financial Model
Intro Sheet

Sr Particulars Sheet Name Link

A INPUT SHEETS
1 Revenues Rev --->
2 Direct Expenses DE --->
3 Revenue Summary Rev Summ. --->
4 Indirect Expenses IE --->
5 Employee Benefits Team --->
6 Taxation Tax --->
7 Fixed Assets FA --->
8 Schedules Sch --->
9
B OUTPUT SHEETS
10 Profit and Loss PnL --->
11 Balance Sheet BS --->
12 Cashflows CF --->
13 DCF Valuation DCF --->
14 Ratios Ratios --->
15 Summary Summary --->
 Skyosiri
Financial Model
Revenues

Sr Particulars
Month ----------------------------------->
1 Effective Month ------------------------> Begins from Starting @ Growth by

2
3 Revenue from Café
4 Café order growth rate 1 10% -1.0%
5 No of orders per day 5 50
6 No of orders
7 Average order price per table 1 500 20
8
9 Revenue from Café
10 GST on revenue from Café
11
12 Revenue from Corporate Events
13 Café order growth rate 1 10% -5.0%
14 Average events per month 5 10
15 Average members per event 1 75 2
16 No of members
17 Avg fee per member 1 1,500 250
18
19 Revenue from Corporate Events
20 GST on Rrevenue from Corporate Events
21
22 Revenue from Agro Tourism
23
24 Average schools visits per month 5 15 1
25 Average students per visit 5 100
26 Students per visit for package with food 80%
27 Students per visit for package without food 20%
28 Avg package price per student with food 5 500 50
29 Avg package price per student without food 5 300 50
30
31 Revenue from tourism package with food
32 Revenue from tourism package without food
33
34 Revenue from Agro Tourism
35 GST on revenue from Agro Tourism
36
37 Revenue from Rooms on rent
38
39 No of rooms 5 10
40 No of days per month 5 15 1
41 Average room rental price per day 5 5,000 200
42
43 Revenue from Rooms on rent
44 GST on revenue from Rooms on rent
45
46 Revenue from Membership
47
48 Avg monthly members 10 2 1
49 Membership renewals 12 months 60%
50 Paying members
51 Membership fees 10 350,000 20,000
52
53 Revenue from Membership
54 GST on Revenue from membership
55
56 Total Revenue from Operations
57 Total GST on Revenue
58
59 Annual Summary
60 Particulars
61 Month ----------------------------------->
62 Effective Month ------------------------>
63
64 Revenue from Café
65
66 No of orders per day
67 No of orders
68 Average order price per table
69
70 Revenue from Café
71 GST on revenue from Café
72
73 Revenue from Corporate Events
74
75 Average events per month
76 Average members per event
77 No of members
78 Avg fee per member
79
80 Revenue from Corporate Events
81 GST on Rrevenue from Corporate Events
82
83 Revenue from Agro Tourism
84
85 Average schools visits per month
86 Average students per visit
87 Students per visit for package with food
88 Students per visit for package without food
89 Avg package price per student with food
90 Avg package price per student without food
91
92 Revenue from tourism package with food
93 Revenue from tourism package without food
94
95 Revenue from Agro Tourism
96 GST on revenue from Agro Tourism
97
98 Revenue from Rooms on rent
99
100 No of rooms
101 No of days per month
102 Average room rental price per day
103
104 Revenue from Rooms on rent
105 GST on revenue from Rooms on rent
106
107 Revenue from Membership
108
109 Closing Members
110 Membership fees
111
112 Revenue from Membership
113 GST on Revenue from membership
114
115 Total Revenue from Operations
116 Total GST on Revenue
 FY23 FY23 FY23 FY23
Apr-22 May-22 Jun-22 Jul-22
Every_Mnth Limit 1 2 3 4

1 2% 10% 9% 8% 7%
- - - -
- - - -
2 500 500 520 520

- - - -
5% - - - -

12 2% 10% 10% 10% 10%

- - - -
4 100 75 75 75 75
- - - -
12 1,500 1,500 1,500 1,500

- - - -
18% - - - -

6 - - - -
- - - -
- - - -
- - - -
6 - - - -
6 - - - -

- - - -
- - - -
 - - - -
18% - - - -

10 - - - -
3 25 - - - -
4 - - - -

- - - -
12% - - - -

2 15 - - - -
retention - - - -
- - - -
12 - - - -

- - - -
18% - - - -

- - - -
- - - -

FY23 FY24 FY25 FY26

Mar-23 Mar-24 Mar-25 Mar-26
12 24 36 48

63 80 102 129
13,867 25,963 32,927 41,760
600 720 840 960

7,926,159 17,455,104 26,088,570 38,097,788

396,308 872,755 1,304,428 1,904,889
 19 37 48 61
79 85 91 97
8,942 28,408 46,006 62,276
1,500 1,750 2,000 2,250

13,412,297 49,713,367 92,011,910 140,119,878

2,414,214 8,948,406 16,562,144 25,221,578

16 18 20 22
100 100 100 100
9,760 16,160 18,080 20,000
2,440 4,040 4,520 5,000
550 650 750 850
350 450 550 650

5,008,000 9,584,000 12,528,000 15,856,000

764,000 1,588,000 2,228,000 2,964,000

5,772,000.0 11,172,000.0 14,756,000.0 18,820,000.0

1,038,960.0 2,010,960.0 2,656,080.0 3,387,600.0

10 10 10 10
17 21 25 25
5,200 5,800 6,400 7,000

6,482,000 12,902,000 17,258,000 20,400,000

777,840 1,548,240 2,070,960 2,448,000

3 11 22 28
350,000 370,000 390,000 410,000
 2,450,000 27,180,000 71,130,000 115,480,000
441,000 4,892,400 12,803,400 20,786,400

36,042,456 118,422,471 221,244,480 332,917,666

5,068,321 18,272,761 35,397,012 53,748,467
 FY23 FY23 FY23 FY23 FY23 FY23 FY23
Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23
5 6 7 8 9 10 11

6% 5% 4% 3% 2% 2% 2%
50 53 56 58 60 61 62
1,500 1,590 1,670 1,736 1,788 1,824 1,861
540 540 560 560 580 580 600

810,000 858,600 934,920 972,317 1,037,254 1,057,999 1,116,371

40,500 42,930 46,746 48,616 51,863 52,900 55,819

10% 10% 10% 10% 10% 10% 10%

10 11 12 13 15 16 18
77 77 77 77 79 79 79
770 847 932 1,025 1,157 1,272 1,400
1,500 1,500 1,500 1,500 1,500 1,500 1,500

1,155,000 1,270,500 1,397,550 1,537,305 1,734,959 1,908,454 2,099,300

207,900 228,690 251,559 276,715 312,293 343,522 377,874

15 15 15 15 15 15 16
100 100 100 100 100 100 100
1,200 1,200 1,200 1,200 1,200 1,200 1,280
300 300 300 300 300 300 320
500 500 500 500 500 500 550
300 300 300 300 300 300 350

600,000 600,000 600,000 600,000 600,000 600,000 704,000

90,000 90,000 90,000 90,000 90,000 90,000 112,000
 690,000 690,000 690,000 690,000 690,000 690,000 816,000
124,200 124,200 124,200 124,200 124,200 124,200 146,880

10 10 10 10 10 10 10
15 15 15 16 16 16 17
5,000 5,000 5,000 5,000 5,200 5,200 5,200

750,000 750,000 750,000 800,000 832,000 832,000 884,000

90,000 90,000 90,000 96,000 99,840 99,840 106,080

- - - - - 2 2
- - - - - - -
- - - - - 2 2
- - - - - 350,000 350,000

- - - - - 700,000 700,000
- - - - - 126,000 126,000

3,405,000 3,569,100 3,772,470 3,999,622 4,294,212 5,188,453 5,615,671

462,600 485,820 512,505 545,531 588,195 746,462 812,653
#
#
FY27 #
Mar-27 #
60 #
#
#
#
164 #
52,962 #
1,080 #
#
54,672,588 #
2,733,629 #
 #
#
#
77 #
100 #
82,790 #
2,500 #
#
206,974,569 #
37,255,422 #
#
#
#
24 #
100 #
21,920 #
5,480 #
950 #
750 #
#
19,568,000 #
3,796,000 #
#
23,364,000.0 #
4,205,520.0 #
#
#
#
10 #
25 #
7,600 #
#
22,200,000 #
2,664,000 #
#
#
#
32 #
430,000 #
 #
147,840,000 #
26,611,200 #
#
455,051,157 #
73,469,772 #
 FY23 FY24 FY24 FY24 FY24 FY24 FY24
Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23
12 13 14 15 16 17 18

2% 2% 2% 2% 2% 2% 2%
63 65 66 67 68 70 71
1,898 1,936 1,975 2,014 2,054 2,095 2,137
600 620 620 640 640 660 660

1,138,699 1,200,188 1,224,192 1,288,956 1,314,735 1,382,937 1,410,595

56,935 60,009 61,210 64,448 65,737 69,147 70,530

10% 5% 5% 5% 5% 5% 5%
19 21 23 24 25 26 27
79 81 81 81 81 83 83
1,539 1,736 1,823 1,914 2,010 2,163 2,271
1,500 1,750 1,750 1,750 1,750 1,750 1,750

2,309,230 3,038,537 3,190,464 3,349,987 3,517,487 3,784,555 3,973,783

415,661 546,937 574,284 602,998 633,148 681,220 715,281

16 16 16 16 16 17 17
100 100 100 100 100 100 100
1,280 1,280 1,280 1,280 1,280 1,360 1,360
320 320 320 320 320 340 340
550 550 550 550 550 600 600
350 350 350 350 350 400 400

704,000 704,000 704,000 704,000 704,000 816,000 816,000

112,000 112,000 112,000 112,000 112,000 136,000 136,000
 816,000 816,000 816,000 816,000 816,000 952,000 952,000
146,880 146,880 146,880 146,880 146,880 171,360 171,360

10 10 10 10 10 10 10
17 17 18 18 18 19 19
5,200 5,400 5,400 5,400 5,400 5,600 5,600

884,000 918,000 972,000 972,000 972,000 1,064,000 1,064,000

106,080 110,160 116,640 116,640 116,640 127,680 127,680

3 3 4 4 5 5 6
- - - - - - -
3 3 4 4 5 5 6
350,000 350,000 350,000 350,000 350,000 350,000 350,000

1,050,000 1,050,000 1,400,000 1,400,000 1,750,000 1,750,000 2,100,000

189,000 189,000 252,000 252,000 315,000 315,000 378,000

6,197,928 7,022,725 7,602,656 7,826,943 8,370,221 8,933,492 9,500,378

914,556 1,052,986 1,151,013 1,182,965 1,277,404 1,364,407 1,462,851
 FY24 FY24 FY24 FY24 FY24 FY24 FY25
Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24
19 20 21 22 23 24 25

2% 2% 2% 2% 2% 2% 2%
73 74 76 77 79 80 82
2,180 2,224 2,268 2,313 2,360 2,407 2,455
680 680 700 700 720 720 740

1,482,408 1,512,056 1,587,658 1,619,412 1,698,994 1,732,974 1,816,734

74,120 75,603 79,383 80,971 84,950 86,649 90,837

5% 5% 5% 5% 5% 5% 2%
29 30 32 33 35 37 38
83 83 85 85 85 85 87
2,384 2,503 2,692 2,827 2,968 3,116 3,349
1,750 1,750 1,750 1,750 1,750 1,750 2,000

4,172,472 4,381,095 4,710,997 4,946,547 5,193,874 5,453,568 6,698,265

751,045 788,597 847,980 890,378 934,897 981,642 1,205,688

17 17 17 17 18 18 18
100 100 100 100 100 100 100
1,360 1,360 1,360 1,360 1,440 1,440 1,440
340 340 340 340 360 360 360
600 600 600 600 650 650 650
400 400 400 400 450 450 450

816,000 816,000 816,000 816,000 936,000 936,000 936,000

136,000 136,000 136,000 136,000 162,000 162,000 162,000
 952,000 952,000 952,000 952,000 1,098,000 1,098,000 1,098,000
171,360 171,360 171,360 171,360 197,640 197,640 197,640

10 10 10 10 10 10 10
19 20 20 20 21 21 21
5,600 5,600 5,800 5,800 5,800 5,800 6,000

1,064,000 1,120,000 1,160,000 1,160,000 1,218,000 1,218,000 1,260,000

127,680 134,400 139,200 139,200 146,160 146,160 151,200

6 7 7 8 8 9 9
- - - 1 1 2 2
6 7 7 9 9 11 11
350,000 350,000 350,000 370,000 370,000 370,000 370,000

2,100,000 2,450,000 2,450,000 3,330,000 3,330,000 4,070,000 4,070,000

378,000 441,000 441,000 599,400 599,400 732,600 732,600

9,770,879 10,415,151 10,860,656 12,007,959 12,538,869 13,572,542 14,942,999

1,502,205 1,610,960 1,678,922 1,881,309 1,963,047 2,144,691 2,377,964
 FY25 FY25 FY25 FY25 FY25 FY25 FY25
May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24
26 27 28 29 30 31 32

2% 2% 2% 2% 2% 2% 2%
83 85 87 89 90 92 94
2,504 2,554 2,605 2,657 2,711 2,765 2,820
740 760 760 780 780 800 800

1,853,069 1,941,215 1,980,039 2,072,789 2,114,244 2,211,825 2,256,061

92,653 97,061 99,002 103,639 105,712 110,591 112,803

2% 2% 2% 2% 2% 2% 2%
39 40 41 42 43 43 44
87 87 87 89 89 89 89
3,416 3,484 3,554 3,709 3,783 3,858 3,936
2,000 2,000 2,000 2,000 2,000 2,000 2,000

6,832,230 6,968,875 7,108,252 7,417,094 7,565,435 7,716,744 7,871,079

1,229,801 1,254,397 1,279,485 1,335,077 1,361,778 1,389,014 1,416,794

18 18 18 19 19 19 19
100 100 100 100 100 100 100
1,440 1,440 1,440 1,520 1,520 1,520 1,520
360 360 360 380 380 380 380
650 650 650 700 700 700 700
450 450 450 500 500 500 500

936,000 936,000 936,000 1,064,000 1,064,000 1,064,000 1,064,000

162,000 162,000 162,000 190,000 190,000 190,000 190,000
 1,098,000 1,098,000 1,098,000 1,254,000 1,254,000 1,254,000 1,254,000
197,640 197,640 197,640 225,720 225,720 225,720 225,720

10 10 10 10 10 10 10
22 22 22 23 23 23 24
6,000 6,000 6,000 6,200 6,200 6,200 6,200

1,320,000 1,320,000 1,320,000 1,426,000 1,426,000 1,426,000 1,488,000

158,400 158,400 158,400 171,120 171,120 171,120 178,560

10 10 11 11 12 12 13
2 2 3 3 4 4 4
12 12 14 14 16 16 17
370,000 370,000 370,000 370,000 370,000 370,000 370,000

4,440,000 4,440,000 5,180,000 5,180,000 5,920,000 5,920,000 6,290,000

799,200 799,200 932,400 932,400 1,065,600 1,065,600 1,132,200

15,543,299 15,768,090 16,686,292 17,349,882 18,279,680 18,528,569 19,159,141

2,477,695 2,506,698 2,666,927 2,767,956 2,929,931 2,962,045 3,066,077
 FY25 FY25 FY25 FY25 FY26 FY26 FY26
Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25
33 34 35 36 37 38 39

2% 2% 2% 2% 2% 2% 2%
96 98 100 102 104 106 108
2,876 2,934 2,993 3,053 3,114 3,176 3,239
820 820 840 840 860 860 880

2,358,712 2,405,886 2,513,858 2,564,135 2,677,690 2,731,243 2,850,656

117,936 120,294 125,693 128,207 133,884 136,562 142,533

2% 2% 2% 2% 2% 2% 2%
45 46 47 48 49 50 51
91 91 91 91 93 93 93
4,104 4,187 4,270 4,356 4,540 4,631 4,724
2,000 2,000 2,000 2,000 2,250 2,250 2,250

8,208,916 8,373,095 8,540,557 8,711,368 10,215,993 10,420,313 10,628,719

1,477,605 1,507,157 1,537,300 1,568,046 1,838,879 1,875,656 1,913,169

19 19 20 20 20 20 20
100 100 100 100 100 100 100
1,520 1,520 1,600 1,600 1,600 1,600 1,600
380 380 400 400 400 400 400
700 700 750 750 750 750 750
500 500 550 550 550 550 550

1,064,000 1,064,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000

190,000 190,000 220,000 220,000 220,000 220,000 220,000
 1,254,000 1,254,000 1,420,000 1,420,000 1,420,000 1,420,000 1,420,000
225,720 225,720 255,600 255,600 255,600 255,600 255,600

10 10 10 10 10 10 10
24 24 25 25 25 25 25
6,400 6,400 6,400 6,400 6,600 6,600 6,600

1,536,000 1,536,000 1,600,000 1,600,000 1,650,000 1,650,000 1,650,000

184,320 184,320 192,000 192,000 198,000 198,000 198,000

13 14 14 15 15 15 15
4 5 5 7 7 7 7
17 19 19 22 22 22 22
370,000 390,000 390,000 390,000 390,000 390,000 390,000

6,290,000 7,410,000 7,410,000 8,580,000 8,580,000 8,580,000 8,580,000

1,132,200 1,333,800 1,333,800 1,544,400 1,544,400 1,544,400 1,544,400

19,647,629 20,978,981 21,484,415 22,875,503 24,543,683 24,801,557 25,129,375

3,137,781 3,371,291 3,444,393 3,688,253 3,970,763 4,010,219 4,053,702
 FY26 FY26 FY26 FY26 FY26 FY26 FY26
Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26
40 41 42 43 44 45 46

2% 2% 2% 2% 2% 2% 2%
110 112 115 117 119 122 124
3,304 3,370 3,438 3,506 3,577 3,648 3,721
880 900 900 920 920 940 940

2,907,669 3,033,228 3,093,892 3,225,898 3,290,416 3,429,186 3,497,770

145,383 151,661 154,695 161,295 164,521 171,459 174,888

2% 2% 2% 2% 2% 2% 2%
52 53 54 55 56 57 58
93 95 95 95 95 97 97
4,818 5,020 5,121 5,223 5,328 5,549 5,660
2,250 2,250 2,250 2,250 2,250 2,250 2,250

10,841,294 11,295,929 11,521,847 11,752,284 11,987,330 12,484,489 12,734,178

1,951,433 2,033,267 2,073,933 2,115,411 2,157,719 2,247,208 2,292,152

20 21 21 21 21 21 21
100 100 100 100 100 100 100
1,600 1,680 1,680 1,680 1,680 1,680 1,680
400 420 420 420 420 420 420
750 800 800 800 800 800 800
550 600 600 600 600 600 600

1,200,000 1,344,000 1,344,000 1,344,000 1,344,000 1,344,000 1,344,000

220,000 252,000 252,000 252,000 252,000 252,000 252,000
 1,420,000 1,596,000 1,596,000 1,596,000 1,596,000 1,596,000 1,596,000
255,600 287,280 287,280 287,280 287,280 287,280 287,280

10 10 10 10 10 10 10
25 25 25 25 25 25 25
6,600 6,800 6,800 6,800 6,800 7,000 7,000

1,650,000 1,700,000 1,700,000 1,700,000 1,700,000 1,750,000 1,750,000

198,000 204,000 204,000 204,000 204,000 210,000 210,000

15 15 15 15 15 15 15
8 8 10 10 10 10 11
23 23 25 25 25 25 26
390,000 390,000 390,000 390,000 390,000 390,000 410,000

8,970,000 8,970,000 9,750,000 9,750,000 9,750,000 9,750,000 10,660,000

1,614,600 1,614,600 1,755,000 1,755,000 1,755,000 1,755,000 1,918,800

25,788,963 26,595,156 27,661,739 28,024,182 28,323,746 29,009,674 30,237,948

4,165,016 4,290,809 4,474,907 4,522,986 4,568,520 4,670,947 4,883,121
 FY26 FY26 FY27 FY27 FY27 FY27 FY27
Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26
47 48 49 50 51 52 53

2% 2% 2% 2% 2% 2% 2%
127 129 132 134 137 140 142
3,795 3,871 3,949 4,028 4,108 4,190 4,274
960 960 980 980 1,000 1,000 1,020

3,643,634 3,716,507 3,869,813 3,947,209 4,108,319 4,190,486 4,359,781

182,182 185,825 193,491 197,360 205,416 209,524 217,989

2% 2% 2% 2% 2% 2% 2%
60 61 62 63 64 66 67
97 97 99 99 99 99 100
5,773 5,888 6,130 6,252 6,378 6,505 6,702
2,250 2,250 2,500 2,500 2,500 2,500 2,500

12,988,862 13,248,639 15,324,715 15,631,209 15,943,833 16,262,710 16,755,519

2,337,995 2,384,755 2,758,449 2,813,618 2,869,890 2,927,288 3,015,993

22 22 22 22 22 22 23
100 100 100 100 100 100 100
1,760 1,760 1,760 1,760 1,760 1,760 1,840
440 440 440 440 440 440 460
850 850 850 850 850 850 900
650 650 650 650 650 650 700

1,496,000 1,496,000 1,496,000 1,496,000 1,496,000 1,496,000 1,656,000

286,000 286,000 286,000 286,000 286,000 286,000 322,000
 1,782,000 1,782,000 1,782,000 1,782,000 1,782,000 1,782,000 1,978,000
320,760 320,760 320,760 320,760 320,760 320,760 356,040

10 10 10 10 10 10 10
25 25 25 25 25 25 25
7,000 7,000 7,200 7,200 7,200 7,200 7,400

1,750,000 1,750,000 1,800,000 1,800,000 1,800,000 1,800,000 1,850,000

210,000 210,000 216,000 216,000 216,000 216,000 222,000

15 15 15 15 15 15 15
11 13 13 13 13 14 14
26 28 28 28 28 29 29
410,000 410,000 410,000 410,000 410,000 410,000 410,000

10,660,000 11,480,000 11,480,000 11,480,000 11,480,000 11,890,000 11,890,000

1,918,800 2,066,400 2,066,400 2,066,400 2,066,400 2,140,200 2,140,200

30,824,496 31,977,146 34,256,527 34,640,418 35,114,152 35,925,196 36,833,301

4,969,737 5,167,740 5,555,099 5,614,138 5,678,466 5,813,772 5,952,223
 #
#
#
#
#
FY27 FY27 FY27 FY27 FY27 FY27 FY27 #
Sep-26 Oct-26 Nov-26 Dec-26 Jan-27 Feb-27 Mar-27 #
54 55 56 57 58 59 60 #

#
#
2% 2% 2% 2% 2% 2% 2% #
145 148 151 154 157 160 164 #
4,360 4,447 4,536 4,627 4,719 4,814 4,910 #
1,020 1,040 1,040 1,060 1,060 1,080 1,080 #

4,446,977 4,624,856 4,717,353 4,904,233 5,002,318 5,198,635 5,302,608 #

222,349 231,243 235,868 245,212 250,116 259,932 265,130 #
#
#
2% 2% 2% 2% 2% 2% 2% #
68 70 71 73 74 75 77 #
100 100 100 100 100 100 100 #
6,836 6,973 7,112 7,255 7,400 7,548 7,699 #
2,500 2,500 2,500 2,500 2,500 2,500 2,500 #

17,090,630 17,432,442 17,781,091 18,136,713 18,499,447 18,869,436 19,246,825 #

3,076,313 3,137,840 3,200,596 3,264,608 3,329,900 3,396,498 3,464,428 #
#
#
#
23 23 23 23 23 24 24 #
100 100 100 100 100 100 100 #
1,840 1,840 1,840 1,840 1,840 1,920 1,920 #
460 460 460 460 460 480 480 #
900 900 900 900 900 950 950 #
700 700 700 700 700 750 750 #
#
1,656,000 1,656,000 1,656,000 1,656,000 1,656,000 1,824,000 1,824,000 #
322,000 322,000 322,000 322,000 322,000 360,000 360,000 #
 #
1,978,000 1,978,000 1,978,000 1,978,000 1,978,000 2,184,000 2,184,000 #
356,040 356,040 356,040 356,040 356,040 393,120 393,120 #
#
#
#
10 10 10 10 10 10 10 #
25 25 25 25 25 25 25 #
7,400 7,400 7,400 7,600 7,600 7,600 7,600 #
#
1,850,000 1,850,000 1,850,000 1,900,000 1,900,000 1,900,000 1,900,000 #
222,000 222,000 222,000 228,000 228,000 228,000 228,000 #
#
#
#
15 15 15 15 15 15 15 #
15 15 15 15 16 16 17 #
30 30 30 30 31 31 32 #
410,000 410,000 410,000 410,000 430,000 430,000 430,000 #
#
12,300,000 12,300,000 12,300,000 12,300,000 13,330,000 13,330,000 13,760,000 #
2,214,000 2,214,000 2,214,000 2,214,000 2,399,400 2,399,400 2,476,800 #
#
37,665,607 38,185,298 38,626,444 39,218,946 40,709,765 41,482,071 42,393,432 #
6,090,702 6,161,122 6,228,504 6,307,860 6,563,456 6,676,950 6,827,479 #
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 Skyosiri
Financial Model
Direct Expenses

Sr Particulars
Month ----------------------------------->
1 Effective Month ------------------------> % of revenue yearly growth
2
3 Café
4 Cooking and Food preparation 40% 0.00%
5 Service and presentation 15% 0.00%
6 Maintenance 5% 0.00%
7
8 Café Expenses
9
10 Corporate Events
11 Meals 40% 0.00%
12 Organisation expenses 15% 0.00%
13 Other direct costs 5% 0.00%
14
15 Corporate Event Expenses
16
17 Agro Tourism
18 Meals 40% 0.00%
19 Other direct costs 15% 0.00%
20
21 Agro Tourism Expenses
22
23 Rooms
24 Cleaning & Maintenance 20% 0.00%
25 Meals 30% 0.00%
26 Other direct costs 15% 0.00%

27
28 Rooms Expenses
29
30 Total Direct Expenses

Annual Summary
Sr Particulars
1 Month ----------------------------------->
2 Effective Month ------------------------>
3
4 Café
5 Cooking and Food preparation
6 Service and presentation
7 Maintenance
8
9 Café Expenses
10
11 Corporate Events
12 Meals
13 Organisation expenses
14 Other direct costs
15
16 Corporate Event Expenses
17
18 Agro Tourism
19 Meals
20 Other direct costs
21
22 Agro Tourism Expenses
23
24 Rooms
25 Cleaning & Maintenance
26 Meals
27 Other direct costs
28
29 Rooms Expenses
30
31 Total Direct Expenses
FY23 FY23 FY23 FY23 FY23
Apr-22 May-22 Jun-22 Jul-22 Aug-22
1 2 3 4 5

- - - - 324,000
- - - - 121,500
- - - - 40,500

- - - - 486,000

- - - - 462,000
- - - - 173,250
- - - - 57,750

- - - - 693,000

- - - - 276,000
- - - - 103,500

- - - - 379,500

- - - - 150,000
- - - - 225,000
- - - - 112,500

- - - - 487,500

- - - - 2,046,000
 FY23 FY24 FY25 FY26 FY27
Mar-23 Mar-24 Mar-25 Mar-26 Mar-27
12 24 36 48 60

3,170,462 6,982,042 10,435,429 15,239,115 21,869,035

1,188,925 2,618,265 3,913,285 5,714,667 8,200,888
396,309 872,757 1,304,428 1,904,888 2,733,630

4,755,696 10,473,064 15,653,142 22,858,670 32,803,553

5,364,919 19,885,347 36,804,764 56,047,951 82,789,827

2,011,845 7,457,005 13,801,786 21,017,982 31,046,185
670,615 2,485,668 4,600,595 7,005,994 10,348,728

8,047,379 29,828,020 55,207,146 84,071,927 124,184,741

2,308,800 4,468,800 5,902,400 7,528,000 9,345,600

865,800 1,675,800 2,213,400 2,823,000 3,504,600

3,174,600 6,144,600 8,115,800 10,351,000 12,850,200

1296400 2580400 3451600 4080000 4440000

1,944,600 3,870,600 5,177,400 6,120,000 6,660,000
972,300 1,935,300 2,588,700 3,060,000 3,330,000

4,213,300 8,386,300 11,217,700 13,260,000 14,430,000

20,190,975 54,831,984 90,193,788 130,541,597 184,268,494

 FY23 FY23 FY23 FY23 FY23 FY23 FY23
Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23
6 7 8 9 10 11 12

343,440 373,968 388,927 414,901 423,199 446,548 455,479

128,790 140,238 145,848 155,588 158,700 167,456 170,805
42,930 46,746 48,616 51,863 52,900 55,819 56,935

515,160 560,952 583,391 622,352 634,799 669,823 683,219

508,200 559,020 614,922 693,983 763,382 839,720 923,692

190,575 209,633 230,596 260,244 286,268 314,895 346,385
63,525 69,878 76,865 86,748 95,423 104,965 115,462

762,300 838,530 922,383 1,040,975 1,145,073 1,259,580 1,385,538

276,000 276,000 276,000 276,000 276,000 326,400 326,400

103,500 103,500 103,500 103,500 103,500 122,400 122,400

379,500 379,500 379,500 379,500 379,500 448,800 448,800

150,000 150,000 160,000 166,400 166,400 176,800 176,800

225,000 225,000 240,000 249,600 249,600 265,200 265,200
112,500 112,500 120,000 124,800 124,800 132,600 132,600

487,500 487,500 520,000 540,800 540,800 574,600 574,600

2,144,460 2,266,482 2,405,274 2,583,627 2,700,172 2,952,803 3,092,157

 FY24 FY24 FY24 FY24 FY24 FY24 FY24
Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23
13 14 15 16 17 18 19

480,075 489,677 515,582 525,894 553,175 564,238 592,963

180,028 183,629 193,343 197,210 207,441 211,589 222,361
60,009 61,210 64,448 65,737 69,147 70,530 74,120

720,112 734,516 773,373 788,841 829,763 846,357 889,444

1,215,415 1,276,186 1,339,995 1,406,995 1,513,822 1,589,513 1,668,989

455,781 478,570 502,498 527,623 567,683 596,067 625,871
151,927 159,523 167,499 175,874 189,228 198,689 208,624

1,823,122 1,914,278 2,009,992 2,110,492 2,270,733 2,384,270 2,503,483

326,400 326,400 326,400 326,400 380,800 380,800 380,800

122,400 122,400 122,400 122,400 142,800 142,800 142,800

448,800 448,800 448,800 448,800 523,600 523,600 523,600

183,600 194,400 194,400 194,400 212,800 212,800 212,800

275,400 291,600 291,600 291,600 319,200 319,200 319,200
137,700 145,800 145,800 145,800 159,600 159,600 159,600

596,700 631,800 631,800 631,800 691,600 691,600 691,600

3,588,734 3,729,394 3,863,965 3,979,933 4,315,696 4,445,827 4,608,127

 FY24 FY24 FY24 FY24 FY24 FY25 FY25
Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24
20 21 22 23 24 25 26

604,822 635,063 647,765 679,598 693,190 726,694 741,228

226,808 238,149 242,912 254,849 259,946 272,510 277,960
75,603 79,383 80,971 84,950 86,649 90,837 92,653

907,233 952,595 971,648 1,019,397 1,039,785 1,090,041 1,111,841

1,752,438 1,884,399 1,978,619 2,077,550 2,181,427 2,679,306 2,732,892

657,164 706,650 741,982 779,081 818,035 1,004,740 1,024,835
219,055 235,550 247,327 259,694 272,678 334,913 341,612

2,628,657 2,826,598 2,967,928 3,116,325 3,272,141 4,018,959 4,099,338

380,800 380,800 380,800 439,200 439,200 439,200 439,200

142,800 142,800 142,800 164,700 164,700 164,700 164,700

523,600 523,600 523,600 603,900 603,900 603,900 603,900

224,000 232,000 232,000 243,600 243,600 252,000 264,000

336,000 348,000 348,000 365,400 365,400 378,000 396,000
168,000 174,000 174,000 182,700 182,700 189,000 198,000

728,000 754,000 754,000 791,700 791,700 819,000 858,000

4,787,490 5,056,793 5,217,176 5,531,322 5,707,526 6,531,900 6,673,079

 FY25 FY25 FY25 FY25 FY25 FY25 FY25
Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24
27 28 29 30 31 32 33

776,486 792,016 829,115 845,698 884,730 902,425 943,485

291,182 297,006 310,918 317,137 331,774 338,409 353,807
97,061 99,002 103,639 105,712 110,591 112,803 117,936

1,164,729 1,188,024 1,243,672 1,268,547 1,327,095 1,353,637 1,415,228

2,787,550 2,843,301 2,966,837 3,026,174 3,086,698 3,148,432 3,283,567

1,045,331 1,066,238 1,112,564 1,134,815 1,157,512 1,180,662 1,231,338
348,444 355,413 370,855 378,272 385,837 393,554 410,446

4,181,325 4,264,951 4,450,256 4,539,261 4,630,047 4,722,648 4,925,350

439,200 439,200 501,600 501,600 501,600 501,600 501,600

164,700 164,700 188,100 188,100 188,100 188,100 188,100

603,900 603,900 689,700 689,700 689,700 689,700 689,700

264,000 264,000 285,200 285,200 285,200 297,600 307,200

396,000 396,000 427,800 427,800 427,800 446,400 460,800
198,000 198,000 213,900 213,900 213,900 223,200 230,400

858,000 858,000 926,900 926,900 926,900 967,200 998,400

6,807,954 6,914,875 7,310,528 7,424,408 7,573,742 7,733,185 8,028,678

 FY25 FY25 FY25 FY26 FY26 FY26 FY26
Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25
34 35 36 37 38 39 40

962,355 1,005,543 1,025,654 1,071,076 1,092,497 1,140,262 1,163,068

360,883 377,079 384,620 401,653 409,687 427,598 436,150
120,294 125,693 128,207 133,884 136,562 142,533 145,383

1,443,532 1,508,315 1,538,481 1,606,613 1,638,746 1,710,393 1,744,601

3,349,238 3,416,223 3,484,547 4,086,397 4,168,125 4,251,488 4,336,518

1,255,964 1,281,084 1,306,705 1,532,399 1,563,047 1,594,308 1,626,194
418,655 427,028 435,568 510,800 521,016 531,436 542,065

5,023,857 5,124,334 5,226,821 6,129,596 6,252,188 6,377,232 6,504,776

501,600 568,000 568,000 568,000 568,000 568,000 568,000

188,100 213,000 213,000 213,000 213,000 213,000 213,000

689,700 781,000 781,000 781,000 781,000 781,000 781,000

307,200 320,000 320,000 330,000 330,000 330,000 330,000

460,800 480,000 480,000 495,000 495,000 495,000 495,000
230,400 240,000 240,000 247,500 247,500 247,500 247,500

998,400 1,040,000 1,040,000 1,072,500 1,072,500 1,072,500 1,072,500

8,155,489 8,453,649 8,586,302 9,589,709 9,744,434 9,941,125 10,102,877

 FY26 FY26 FY26 FY26 FY26 FY26 FY26
Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26
41 42 43 44 45 46 47

1,213,291 1,237,557 1,290,359 1,316,166 1,371,674 1,399,108 1,457,454

454,984 464,084 483,885 493,562 514,378 524,665 546,545
151,661 154,695 161,295 164,521 171,459 174,888 182,182

1,819,936 1,856,336 1,935,539 1,974,249 2,057,511 2,098,661 2,186,181

4,518,372 4,608,739 4,700,914 4,794,932 4,993,795 5,093,671 5,195,545

1,694,389 1,728,277 1,762,843 1,798,100 1,872,673 1,910,127 1,948,329
564,796 576,092 587,614 599,367 624,224 636,709 649,443

6,777,557 6,913,108 7,051,371 7,192,398 7,490,693 7,640,507 7,793,317

638,400 638,400 638,400 638,400 638,400 638,400 712,800

239,400 239,400 239,400 239,400 239,400 239,400 267,300

877,800 877,800 877,800 877,800 877,800 877,800 980,100

340,000 340,000 340,000 340,000 350,000 350,000 350,000

510,000 510,000 510,000 510,000 525,000 525,000 525,000
255,000 255,000 255,000 255,000 262,500 262,500 262,500

1,105,000 1,105,000 1,105,000 1,105,000 1,137,500 1,137,500 1,137,500

10,580,293 10,752,244 10,969,710 11,149,447 11,563,504 11,754,468 12,097,098

 FY26 FY27 FY27 FY27 FY27 FY27 FY27
Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26
48 49 50 51 52 53 54

1,486,603 1,547,925 1,578,884 1,643,328 1,676,194 1,743,913 1,778,791

557,476 580,472 592,081 616,248 628,573 653,967 667,047
185,825 193,491 197,360 205,416 209,524 217,989 222,349

2,229,904 2,321,888 2,368,325 2,464,992 2,514,291 2,615,869 2,668,187

5,299,456 6,129,886 6,252,484 6,377,533 6,505,084 6,702,208 6,836,252

1,987,296 2,298,707 2,344,681 2,391,575 2,439,407 2,513,328 2,563,594
662,432 766,236 781,560 797,192 813,136 837,776 854,532

7,949,184 9,194,829 9,378,725 9,566,300 9,757,626 10,053,312 10,254,378

712,800 712,800 712,800 712,800 712,800 791,200 791,200

267,300 267,300 267,300 267,300 267,300 296,700 296,700

980,100 980,100 980,100 980,100 980,100 1,087,900 1,087,900

350,000 360,000 360,000 360,000 360,000 370,000 370,000

525,000 540,000 540,000 540,000 540,000 555,000 555,000
262,500 270,000 270,000 270,000 270,000 277,500 277,500

1,137,500 1,170,000 1,170,000 1,170,000 1,170,000 1,202,500 1,202,500

12,296,688 13,666,817 13,897,150 14,181,392 14,422,017 14,959,581 15,212,965

 #
#
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#
FY27 FY27 FY27 FY27 FY27 FY27 #
Oct-26 Nov-26 Dec-26 Jan-27 Feb-27 Mar-27 #
55 56 57 58 59 60 #
#
#
1,849,942 1,886,941 1,961,693 2,000,927 2,079,454 2,121,043 #
693,728 707,603 735,635 750,348 779,795 795,391 #
231,243 235,868 245,212 250,116 259,932 265,130 #
#
2,774,913 2,830,412 2,942,540 3,001,391 3,119,181 3,181,564 #
#
#
6,972,977 7,112,436 7,254,685 7,399,779 7,547,774 7,698,730 #
2,614,866 2,667,164 2,720,507 2,774,917 2,830,415 2,887,024 #
871,622 889,055 906,836 924,972 943,472 962,341 #
#
10,459,465 10,668,655 10,882,028 11,099,668 11,321,662 11,548,095 #
#
#
791,200 791,200 791,200 791,200 873,600 873,600 #
296,700 296,700 296,700 296,700 327,600 327,600 #
#
1,087,900 1,087,900 1,087,900 1,087,900 1,201,200 1,201,200 #
#
#
370,000 370,000 380,000 380,000 380,000 380,000 #
555,000 555,000 570,000 570,000 570,000 570,000 #
277,500 277,500 285,000 285,000 285,000 285,000 #

#
1,202,500 1,202,500 1,235,000 1,235,000 1,235,000 1,235,000 #

#
15,524,778 15,789,467 16,147,468 16,423,959 16,877,043 17,165,859 #
 Seckonds.com
Financial Model
Revenues

Sr Particulars
Month ----------------------------------->
1 Revenue from Café
2 Expenses:
3 Cooking and Food preparation
4 Service and presentation
5 Maintenance
6 Café Expenses
7 Net Revenue from Café
8
9 Revenue from Corporate Events
10 Expenses:
11 Meals
12 Organisation expenses
13 Other direct costs
14 Corporate Event Expenses
15 Net Revenue from Corporate Events
16
17 Revenue from Agro Tourism
18 Meals
19 Other direct costs
20 Agro Tourism Expenses
21 Net Revenue from Agro Tourism
22
23 Revenue from Rooms on rent
24 Cleaning & Maintenance
25 Meals
26 Other direct costs
27 Rooms Expenses
28 Net Revenue from Rooms on rent
29
30 Revenue from Membership
31 Membership Expenses
32 Net Revenue from Membership
33 Revenue / Turnover
34 Gross Profit
35 Gross Profit ratio
 FY23 FY24 FY25 FY26
Mar-23 Mar-24 Mar-25 Mar-26
7,926,159 17,455,104 26,088,570 38,097,788

3,170,462 6,982,042 10,435,429 15,239,115

1,188,925 2,618,265 3,913,285 5,714,667
396,309 872,757 1,304,428 1,904,888
4,755,696 10,473,064 15,653,142 22,858,670
3,170,463 6,982,040 10,435,428 15,239,118
40% 40% 40% 40%
13,412,297 49,713,367 92,011,910 140,119,878

5,364,919 19,885,347 36,804,764 56,047,951

2,011,845 7,457,005 13,801,786 21,017,982
670,615 2,485,668 4,600,595 7,005,994
8,047,379 29,828,020 55,207,146 84,071,927
5,364,919 19,885,347 36,804,764 56,047,951
40% 40% 40% 40%
5,772,000 11,172,000 14,756,000 18,820,000
2,308,800 4,468,800 5,902,400 7,528,000
865,800 1,675,800 2,213,400 2,823,000
3,174,600 6,144,600 8,115,800 10,351,000
2,597,400 5,027,400 6,640,200 8,469,000
45% 45% 45% 45%
6,482,000 12,902,000 17,258,000 20,400,000
1,296,400 2,580,400 3,451,600 4,080,000
1,944,600 3,870,600 5,177,400 6,120,000
972,300 1,935,300 2,588,700 3,060,000
4,213,300 8,386,300 11,217,700 13,260,000
2,268,700 4,515,700 6,040,300 7,140,000
35% 35% 35% 35%
2,450,000 27,180,000 71,130,000 115,480,000
- - - -
2,450,000 27,180,000 71,130,000 115,480,000
36,042,456 118,422,471 221,244,480 332,917,666
15,851,482 63,590,487 131,050,692 202,376,069
44% 54% 59% 61%
 FY27 #
Mar-27 #
54,672,588 #
#
21,869,035
8,200,888 #
2,733,630 #
32,803,553 #
21,869,035 #
40% #
206,974,569 #
#
82,789,827 #
31,046,185 #
10,348,728 #
124,184,741 #
82,789,827 #
40% #
23,364,000 #
9,345,600 #
3,504,600 #
12,850,200 #
10,513,800 #
45%
22,200,000 #
4,440,000 #
6,660,000 #
3,330,000 #
14,430,000 #
7,770,000 #
35% #
147,840,000 #
- #
147,840,000 #
455,051,157 #
270,782,662 #
60%
#
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#
#
#
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#

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#

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#
 Skyosiri
Financial Model
Indirect Expenses

Sr Particulars
Month ----------------------------------->
1 Effective Month ------------------------>
2
3 Administration Expenses Monthly Growth % Begins @
4 Office Rent - 10.00% 5
5 Electricity Expenses 100,000 25.00% 5
6 Internet 30,000 25.00% 5
7 Printing and Stationery 5,000 25.00% 5
8 Repairs and Maintenance 10,000 25.00% 5
9
10 Insurance 20,000 50.00% 5
11 License & Permits 50,000 50.00% 5
12 Web and Servers Tools 25,000 50.00% 1
13 App & Website Maintenance 50,000 40.00% 1
14 Traveling Expenses 30,000 35.00% 1
15 Consultancy Charges 35,000 35.00% 5
16 Professional Fees 40,000 30.00% 5
17 Others Expenese 20,000 25.00% 5
18
19 Staff Welfare 1,200 30.00% 5 per employee
20 Conyeance Charges 1,200 30.00% 5 per employee
21 Communications 800 25.00% 1 per employee
22 Total Admin Expenses
23 GST on Admin Expenses
24
25
26 Marketing Expenses Monthly Growth % Begins @

27 Social media 150,000 100% 1

28 ASO/SEO/SEM 200,000 80% 1

29 Influencer / Endorsement 100,000 60% 5

30 Print Ads 50,000 60% 5

31 Email & SMS Marketing 10,000 50% 1

32 Sponsorship and Campaigns 30,000 40% 5
33 Others 30,000 20% 5
34
35 Marketing Expenses
36 GST on Marketing Expenses
37
38 Total Expenses
39 GST on Indirect Expenses

Annual Summary
Sr Particulars
1 Month ----------------------------------->
2 Effective Month ------------------------>
3
4 Administration Expenses
5 Office Rent
6 Electricity Expenses
7 Internet
8 Printing and Stationery
9 Repairs and Maintenance
10
11 Insurance
12 License & Permits
13 Web and Servers Tools
14 App & Website Maintenance
15 Traveling Expenses
16 Consultancy Charges
17 Professional Fees
18 Others Expenese
19
20 Staff Welfare
21 Conyeance Charges
22 Communications
23 Total Admin Expenses
24 GST on Admin Expenses
25
26 Marketing Expenses
27 Social media
28 ASO/SEO/SEM
29 Influencer / Endorsement
30 Print Ads
31 Email & SMS Marketing
32 Sponsorship and Campaigns
33 Others
34 Marketing Expenses
35 GST on Marketing Expenses
36
37 Total Expenses
38 GST on Indirect Expenses
 FY23 FY23 FY23 FY23 FY23
Apr-22 May-22 Jun-22 Jul-22 Aug-22
1 2 3 4 5

GST
18% - - - - -
0% - - - - 100,000
18% - - - - 30,000
12% - - - - 5,000
18% - - - - 10,000

18% - - - - 20,000
18% - - - - 50,000
18% 25,000 25,000 25,000 25,000 25,000
18% 50,000 50,000 50,000 50,000 50,000
5% 30,000 30,000 30,000 30,000 30,000
18% - - - - 35,000
18% - - - - 40,000
18% - - - - 20,000

0% - - - - 56,400
5% - - - - 56,400
18% 10,400 10,400 10,400 10,400 37,600
115,400 115,400 115,400 115,400 565,400
16,872 16,872 16,872 16,872 62,088

150,000 150,000 150,000 150,000 150,000

200,000 200,000 200,000 200,000 200,000
- - - - 100,000
- - - - 50,000
10,000 10,000 10,000 10,000 10,000
 - - - - 30,000
- - - - 30,000

18% 360,000 360,000 360,000 360,000 570,000

64,800 64,800 64,800 64,800 102,600

475,400 475,400 475,400 475,400 1,135,400

81,672 81,672 81,672 81,672 164,688

FY23 FY24 FY25 FY26 FY27

Mar-23 Mar-24 Mar-25 Mar-26 Mar-27
12 24 36 48 60

- - - - -
800,000 1,500,000 1,875,600 2,343,600 2,929,200
240,000 450,000 562,800 703,200 878,400
40,000 75,600 93,600 117,600 146,400
80,000 150,000 187,200 234,000 292,800

160,000 360,000 540,000 810,000 1,215,600

400,000 900,000 1,350,000 2,025,600 3,037,200
300,000 450,000 675,600 1,012,800 1,519,200
600,000 840,000 1,176,000 1,646,400 2,305,200
360,000 486,000 656,400 885,600 1,195,200
280,000 567,600 765,600 1,033,200 1,395,600
320,000 624,000 811,200 1,054,800 1,370,400
160,000 300,000 375,600 469,200 585,600

477,600 1,151,200 1,772,200 2,536,000 3,358,400

477,600 1,151,200 1,772,200 2,536,000 3,358,400
360,000 738,000 1,092,600 1,503,200 1,914,400
5,055,200 9,743,600 13,706,600 18,911,200 25,502,000
568,680 1,059,260 1,489,250 2,073,824 2,857,840

1,800,000 3,600,000 7,200,000 14,400,000 28,800,000

 2,400,000 4,320,000 7,776,000 13,996,800 25,194,000
800,000 1,920,000 3,072,000 4,915,200 7,864,800
400,000 960,000 1,536,000 2,457,600 3,932,400
120,000 180,000 270,000 405,600 607,200
240,000 504,000 705,600 987,600 1,382,400
240,000 432,000 518,400 621,600 746,400
6,000,000 11,916,000 21,078,000 37,784,400 68,527,200
1,080,000 2,144,880 3,794,040 6,801,192 12,334,896

11,055,200 21,659,600 34,784,600 56,695,600 94,029,200

1,648,680 3,204,140 5,283,290 8,875,016 15,192,736
 FY23 FY23 FY23 FY23 FY23 FY23 FY23
Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23
6 7 8 9 10 11 12

- - - - - - -
100,000 100,000 100,000 100,000 100,000 100,000 100,000
30,000 30,000 30,000 30,000 30,000 30,000 30,000
5,000 5,000 5,000 5,000 5,000 5,000 5,000
10,000 10,000 10,000 10,000 10,000 10,000 10,000

20,000 20,000 20,000 20,000 20,000 20,000 20,000

50,000 50,000 50,000 50,000 50,000 50,000 50,000
25,000 25,000 25,000 25,000 25,000 25,000 25,000
50,000 50,000 50,000 50,000 50,000 50,000 50,000
30,000 30,000 30,000 30,000 30,000 30,000 30,000
35,000 35,000 35,000 35,000 35,000 35,000 35,000
40,000 40,000 40,000 40,000 40,000 40,000 40,000
20,000 20,000 20,000 20,000 20,000 20,000 20,000

56,400 60,000 60,000 60,000 60,000 62,400 62,400

56,400 60,000 60,000 60,000 60,000 62,400 62,400
37,600 40,000 40,000 40,000 40,000 41,600 41,600
565,400 575,000 575,000 575,000 575,000 581,400 581,400
62,088 62,700 62,700 62,700 62,700 63,108 63,108

150,000 150,000 150,000 150,000 150,000 150,000 150,000

200,000 200,000 200,000 200,000 200,000 200,000 200,000
100,000 100,000 100,000 100,000 100,000 100,000 100,000
50,000 50,000 50,000 50,000 50,000 50,000 50,000
10,000 10,000 10,000 10,000 10,000 10,000 10,000
 30,000 30,000 30,000 30,000 30,000 30,000 30,000
30,000 30,000 30,000 30,000 30,000 30,000 30,000

570,000 570,000 570,000 570,000 570,000 570,000 570,000

102,600 102,600 102,600 102,600 102,600 102,600 102,600

1,135,400 1,145,000 1,145,000 1,145,000 1,145,000 1,151,400 1,151,400

164,688 165,300 165,300 165,300 165,300 165,708 165,708
 FY24 FY24 FY24 FY24 FY24 FY24 FY24
Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23
13 14 15 16 17 18 19

- - - - - - -
125,000 125,000 125,000 125,000 125,000 125,000 125,000
37,500 37,500 37,500 37,500 37,500 37,500 37,500
6,300 6,300 6,300 6,300 6,300 6,300 6,300
12,500 12,500 12,500 12,500 12,500 12,500 12,500

30,000 30,000 30,000 30,000 30,000 30,000 30,000

75,000 75,000 75,000 75,000 75,000 75,000 75,000
37,500 37,500 37,500 37,500 37,500 37,500 37,500
70,000 70,000 70,000 70,000 70,000 70,000 70,000
40,500 40,500 40,500 40,500 40,500 40,500 40,500
47,300 47,300 47,300 47,300 47,300 47,300 47,300
52,000 52,000 52,000 52,000 52,000 52,000 52,000
25,000 25,000 25,000 25,000 25,000 25,000 25,000

85,800 85,800 85,800 85,800 96,700 96,700 101,400

85,800 85,800 85,800 85,800 96,700 96,700 101,400
55,000 55,000 55,000 55,000 62,000 62,000 65,000
785,200 785,200 785,200 785,200 814,000 814,000 826,400
86,595 86,595 86,595 86,595 88,400 88,400 89,175

300,000 300,000 300,000 300,000 300,000 300,000 300,000

360,000 360,000 360,000 360,000 360,000 360,000 360,000
160,000 160,000 160,000 160,000 160,000 160,000 160,000
80,000 80,000 80,000 80,000 80,000 80,000 80,000
15,000 15,000 15,000 15,000 15,000 15,000 15,000
 42,000 42,000 42,000 42,000 42,000 42,000 42,000
36,000 36,000 36,000 36,000 36,000 36,000 36,000

993,000 993,000 993,000 993,000 993,000 993,000 993,000

178,740 178,740 178,740 178,740 178,740 178,740 178,740

1,778,200 1,778,200 1,778,200 1,778,200 1,807,000 1,807,000 1,819,400

265,335 265,335 265,335 265,335 267,140 267,140 267,915
 FY24 FY24 FY24 FY24 FY24 FY25 FY25
Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24
20 21 22 23 24 25 26

- - - - - - -
125,000 125,000 125,000 125,000 125,000 156,300 156,300
37,500 37,500 37,500 37,500 37,500 46,900 46,900
6,300 6,300 6,300 6,300 6,300 7,800 7,800
12,500 12,500 12,500 12,500 12,500 15,600 15,600

30,000 30,000 30,000 30,000 30,000 45,000 45,000

75,000 75,000 75,000 75,000 75,000 112,500 112,500
37,500 37,500 37,500 37,500 37,500 56,300 56,300
70,000 70,000 70,000 70,000 70,000 98,000 98,000
40,500 40,500 40,500 40,500 40,500 54,700 54,700
47,300 47,300 47,300 47,300 47,300 63,800 63,800
52,000 52,000 52,000 52,000 52,000 67,600 67,600
25,000 25,000 25,000 25,000 25,000 31,300 31,300

101,400 101,400 101,400 104,500 104,500 133,800 133,800

101,400 101,400 101,400 104,500 104,500 133,800 133,800
65,000 65,000 65,000 67,000 67,000 82,500 82,500
826,400 826,400 826,400 834,600 834,600 1,105,900 1,105,900
89,175 89,175 89,175 89,690 89,690 121,871 121,871

300,000 300,000 300,000 300,000 300,000 600,000 600,000

360,000 360,000 360,000 360,000 360,000 648,000 648,000
160,000 160,000 160,000 160,000 160,000 256,000 256,000
80,000 80,000 80,000 80,000 80,000 128,000 128,000
15,000 15,000 15,000 15,000 15,000 22,500 22,500
 42,000 42,000 42,000 42,000 42,000 58,800 58,800
36,000 36,000 36,000 36,000 36,000 43,200 43,200

993,000 993,000 993,000 993,000 993,000 1,756,500 1,756,500

178,740 178,740 178,740 178,740 178,740 316,170 316,170

1,819,400 1,819,400 1,819,400 1,827,600 1,827,600 2,862,400 2,862,400

267,915 267,915 267,915 268,430 268,430 438,041 438,041
 FY25 FY25 FY25 FY25 FY25 FY25 FY25
Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24
27 28 29 30 31 32 33

- - - - - - -
156,300 156,300 156,300 156,300 156,300 156,300 156,300
46,900 46,900 46,900 46,900 46,900 46,900 46,900
7,800 7,800 7,800 7,800 7,800 7,800 7,800
15,600 15,600 15,600 15,600 15,600 15,600 15,600

45,000 45,000 45,000 45,000 45,000 45,000 45,000

112,500 112,500 112,500 112,500 112,500 112,500 112,500
56,300 56,300 56,300 56,300 56,300 56,300 56,300
98,000 98,000 98,000 98,000 98,000 98,000 98,000
54,700 54,700 54,700 54,700 54,700 54,700 54,700
63,800 63,800 63,800 63,800 63,800 63,800 63,800
67,600 67,600 67,600 67,600 67,600 67,600 67,600
31,300 31,300 31,300 31,300 31,300 31,300 31,300

133,800 133,800 152,100 152,100 154,100 154,100 154,100

133,800 133,800 152,100 152,100 154,100 154,100 154,100
82,500 82,500 93,800 93,800 95,000 95,000 95,000
1,105,900 1,105,900 1,153,800 1,153,800 1,159,000 1,159,000 1,159,000
121,871 121,871 124,820 124,820 125,136 125,136 125,136

600,000 600,000 600,000 600,000 600,000 600,000 600,000

648,000 648,000 648,000 648,000 648,000 648,000 648,000
256,000 256,000 256,000 256,000 256,000 256,000 256,000
128,000 128,000 128,000 128,000 128,000 128,000 128,000
22,500 22,500 22,500 22,500 22,500 22,500 22,500
 58,800 58,800 58,800 58,800 58,800 58,800 58,800
43,200 43,200 43,200 43,200 43,200 43,200 43,200

1,756,500 1,756,500 1,756,500 1,756,500 1,756,500 1,756,500 1,756,500

316,170 316,170 316,170 316,170 316,170 316,170 316,170

2,862,400 2,862,400 2,910,300 2,910,300 2,915,500 2,915,500 2,915,500

438,041 438,041 440,990 440,990 441,306 441,306 441,306
 FY25 FY25 FY25 FY26 FY26 FY26 FY26
Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25
34 35 36 37 38 39 40

- - - - - - -
156,300 156,300 156,300 195,300 195,300 195,300 195,300
46,900 46,900 46,900 58,600 58,600 58,600 58,600
7,800 7,800 7,800 9,800 9,800 9,800 9,800
15,600 15,600 15,600 19,500 19,500 19,500 19,500

45,000 45,000 45,000 67,500 67,500 67,500 67,500

112,500 112,500 112,500 168,800 168,800 168,800 168,800
56,300 56,300 56,300 84,400 84,400 84,400 84,400
98,000 98,000 98,000 137,200 137,200 137,200 137,200
54,700 54,700 54,700 73,800 73,800 73,800 73,800
63,800 63,800 63,800 86,100 86,100 86,100 86,100
67,600 67,600 67,600 87,900 87,900 87,900 87,900
31,300 31,300 31,300 39,100 39,100 39,100 39,100

154,100 158,200 158,200 208,300 208,300 208,300 208,300

154,100 158,200 158,200 208,300 208,300 208,300 208,300
95,000 97,500 97,500 123,400 123,400 123,400 123,400
1,159,000 1,169,700 1,169,700 1,568,000 1,568,000 1,568,000 1,568,000
125,136 125,791 125,791 172,331 172,331 172,331 172,331

600,000 600,000 600,000 1,200,000 1,200,000 1,200,000 1,200,000

648,000 648,000 648,000 1,166,400 1,166,400 1,166,400 1,166,400
256,000 256,000 256,000 409,600 409,600 409,600 409,600
128,000 128,000 128,000 204,800 204,800 204,800 204,800
22,500 22,500 22,500 33,800 33,800 33,800 33,800
 58,800 58,800 58,800 82,300 82,300 82,300 82,300
43,200 43,200 43,200 51,800 51,800 51,800 51,800

1,756,500 1,756,500 1,756,500 3,148,700 3,148,700 3,148,700 3,148,700

316,170 316,170 316,170 566,766 566,766 566,766 566,766

2,915,500 2,926,200 2,926,200 4,716,700 4,716,700 4,716,700 4,716,700

441,306 441,961 441,961 739,097 739,097 739,097 739,097
 FY26 FY26 FY26 FY26 FY26 FY26 FY26
Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26
41 42 43 44 45 46 47

- - - - - - -
195,300 195,300 195,300 195,300 195,300 195,300 195,300
58,600 58,600 58,600 58,600 58,600 58,600 58,600
9,800 9,800 9,800 9,800 9,800 9,800 9,800
19,500 19,500 19,500 19,500 19,500 19,500 19,500

67,500 67,500 67,500 67,500 67,500 67,500 67,500

168,800 168,800 168,800 168,800 168,800 168,800 168,800
84,400 84,400 84,400 84,400 84,400 84,400 84,400
137,200 137,200 137,200 137,200 137,200 137,200 137,200
73,800 73,800 73,800 73,800 73,800 73,800 73,800
86,100 86,100 86,100 86,100 86,100 86,100 86,100
87,900 87,900 87,900 87,900 87,900 87,900 87,900
39,100 39,100 39,100 39,100 39,100 39,100 39,100

210,900 210,900 213,500 213,500 213,500 213,500 213,500

210,900 210,900 213,500 213,500 213,500 213,500 213,500
125,000 125,000 126,600 126,600 126,600 126,600 126,600
1,574,800 1,574,800 1,581,600 1,581,600 1,581,600 1,581,600 1,581,600
172,749 172,749 173,167 173,167 173,167 173,167 173,167

1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000

1,166,400 1,166,400 1,166,400 1,166,400 1,166,400 1,166,400 1,166,400
409,600 409,600 409,600 409,600 409,600 409,600 409,600
204,800 204,800 204,800 204,800 204,800 204,800 204,800
33,800 33,800 33,800 33,800 33,800 33,800 33,800
 82,300 82,300 82,300 82,300 82,300 82,300 82,300
51,800 51,800 51,800 51,800 51,800 51,800 51,800

3,148,700 3,148,700 3,148,700 3,148,700 3,148,700 3,148,700 3,148,700

566,766 566,766 566,766 566,766 566,766 566,766 566,766

4,723,500 4,723,500 4,730,300 4,730,300 4,730,300 4,730,300 4,730,300

739,515 739,515 739,933 739,933 739,933 739,933 739,933
 FY26 FY27 FY27 FY27 FY27 FY27 FY27
Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26
48 49 50 51 52 53 54

- - - - - - -
195,300 244,100 244,100 244,100 244,100 244,100 244,100
58,600 73,200 73,200 73,200 73,200 73,200 73,200
9,800 12,200 12,200 12,200 12,200 12,200 12,200
19,500 24,400 24,400 24,400 24,400 24,400 24,400

67,500 101,300 101,300 101,300 101,300 101,300 101,300

168,800 253,100 253,100 253,100 253,100 253,100 253,100
84,400 126,600 126,600 126,600 126,600 126,600 126,600
137,200 192,100 192,100 192,100 192,100 192,100 192,100
73,800 99,600 99,600 99,600 99,600 99,600 99,600
86,100 116,300 116,300 116,300 116,300 116,300 116,300
87,900 114,200 114,200 114,200 114,200 114,200 114,200
39,100 48,800 48,800 48,800 48,800 48,800 48,800

213,500 277,600 277,600 277,600 277,600 281,000 281,000

213,500 277,600 277,600 277,600 277,600 281,000 281,000
126,600 158,200 158,200 158,200 158,200 160,200 160,200
1,581,600 2,119,300 2,119,300 2,119,300 2,119,300 2,128,100 2,128,100
173,167 237,800 237,800 237,800 237,800 238,330 238,330

1,200,000 2,400,000 2,400,000 2,400,000 2,400,000 2,400,000 2,400,000

1,166,400 2,099,500 2,099,500 2,099,500 2,099,500 2,099,500 2,099,500
409,600 655,400 655,400 655,400 655,400 655,400 655,400
204,800 327,700 327,700 327,700 327,700 327,700 327,700
33,800 50,600 50,600 50,600 50,600 50,600 50,600
 82,300 115,200 115,200 115,200 115,200 115,200 115,200
51,800 62,200 62,200 62,200 62,200 62,200 62,200

3,148,700 5,710,600 5,710,600 5,710,600 5,710,600 5,710,600 5,710,600

566,766 1,027,908 1,027,908 1,027,908 1,027,908 1,027,908 1,027,908

4,730,300 7,829,900 7,829,900 7,829,900 7,829,900 7,838,700 7,838,700

739,933 1,265,708 1,265,708 1,265,708 1,265,708 1,266,238 1,266,238
 #
#
#
#
#
FY27 FY27 FY27 FY27 FY27 FY27 #
Oct-26 Nov-26 Dec-26 Jan-27 Feb-27 Mar-27 #
55 56 57 58 59 60 #
#
#
- - - - - - #
244,100 244,100 244,100 244,100 244,100 244,100 #
73,200 73,200 73,200 73,200 73,200 73,200 #
12,200 12,200 12,200 12,200 12,200 12,200 #
24,400 24,400 24,400 24,400 24,400 24,400 #
#
101,300 101,300 101,300 101,300 101,300 101,300 #
253,100 253,100 253,100 253,100 253,100 253,100 #
126,600 126,600 126,600 126,600 126,600 126,600 #
192,100 192,100 192,100 192,100 192,100 192,100
99,600 99,600 99,600 99,600 99,600 99,600 #
116,300 116,300 116,300 116,300 116,300 116,300 #
114,200 114,200 114,200 114,200 114,200 114,200 #
48,800 48,800 48,800 48,800 48,800 48,800 #
#
281,000 281,000 281,000 281,000 281,000 281,000 #
281,000 281,000 281,000 281,000 281,000 281,000 #
160,200 160,200 160,200 160,200 160,200 160,200 #
2,128,100 2,128,100 2,128,100 2,128,100 2,128,100 2,128,100 #
238,330 238,330 238,330 238,330 238,330 238,330 #
#
#
#
2,400,000 2,400,000 2,400,000 2,400,000 2,400,000 2,400,000 #
2,099,500 2,099,500 2,099,500 2,099,500 2,099,500 2,099,500 #
655,400 655,400 655,400 655,400 655,400 655,400 #
327,700 327,700 327,700 327,700 327,700 327,700 #
50,600 50,600 50,600 50,600 50,600 50,600 #
 115,200 115,200 115,200 115,200 115,200 115,200 #
62,200 62,200 62,200 62,200 62,200 62,200 #
#
5,710,600 5,710,600 5,710,600 5,710,600 5,710,600 5,710,600 #
1,027,908 1,027,908 1,027,908 1,027,908 1,027,908 1,027,908 #
#
7,838,700 7,838,700 7,838,700 7,838,700 7,838,700 7,838,700 #
1,266,238 1,266,238 1,266,238 1,266,238 1,266,238 1,266,238 #
 Skyosiri
Financial Model
Salaries

Sr Particulars
Month ----------------------------------->
1 Effective Month ------------------------>
2 No of Employees Begins from Starting @ Growth by Every_Mnth

3
4 CXOs
5 CEO 5 1 - -
6 Managing Director 5 1 - -
7
8 Marketing Team
9 Marketing Head 1 1 - -
10 Marketing Executives 1 1 1 6
11 Creative & Design Executives 5 2 1 12
12
13 Tech Team
14 Team Lead 1 1
15 App & Web Developers 1 2 -1 24
16 Backend Developers 1 2 -1 24
17 UI & UX Developers 1 1
18 Other Developers & Programmers 1 1
19
20 HR Team
21 HR Head 5 1
22 HR Executives 5 2 1 12
23
24 Accounts Team
25 Accounts Head 1 1
26 Accounts Executives 5 2 1 24
27
28 Kitchen Staff
29 Head Chef 5 2
30 Sous Chef 5 3 1 24
31
32 Administration Team
33 Admin Head 5 1 - -
34 Admin Executive 5 2 - -
35
36 Estate Staff
37 Estate Manager 1 1
38 Waiters 5 5 2 6
39 Cleaners 5 5 1 12
40 Kitchen Support Staff 5 5 1 12
41 Tour Guide / Event Organiser 5 1 1 12
42
43 Other Support Staff
44 Office Boys 5 1
45 Maintenance Staff 1 1 1 6
46 Security 1 1 1 6
47
48
49 Total Team
50
51 Monthly CTC Monthly Growth By
52 CXOs
53 CEO 80,000 40%
54 Managing Director 80,000 40%
55
56 Marketing Team
57 Marketing Head 40,000 35%
58 Marketing Executives 30,000 30%
59 Creative & Design Executives 30,000 30%
60
61 Tech Team
62 Team Lead 60,000 30%
63 App & Web Developers 50,000 30%
64 Backend Developers 45,000 30%
65 UI & UX Developers 45,000 30%
66 Other Developers & Programmers 40,000 25%
67
68 HR Team
69 HR Head 35,000 30%
70 HR Executives 25,000 25%
71
72 Accounts Team
73 Accounts Head 35,000 30%
74 Accounts Executives 25,000 25%
75
76 Kitchen Staff
77 Head Chef 40,000 30%
78 Sous Chef 25,000 25%
79
80 Administration Team
81 Admin Head 30,000 30%
82 Admin Executive 25,000 25%
83
84 Estate Staff
85 Estate Manager 40,000 30%
86 Waiters 20,000 25%
87 Cleaners 15,000 15%
88 Kitchen Support Staff 15,000 20%
89 Tour Guide / Event Organiser 25,000 20%
90
91 Other Support Staff
92 Office Boys 15,000 10%
93 Maintenance Staff 15,000 10%
94 Security 10,000 10%
95
96
97
98 Salary Outflow
99 CXOs
100 CEO
101 Managing Director
102
103 Marketing Team
104 Marketing Head
105 Marketing Executives
106 Creative & Design Executives
107
108 Tech Team
109 Team Lead
110 App & Web Developers
111 Backend Developers
112 UI & UX Developers
113 Other Developers & Programmers
114
115 HR Team
116 HR Head
117 HR Executives
118
119 Accounts Team
120 Accounts Head
121 Accounts Executives
122
123 Kitchen Staff
124 Head Chef
125 Sous Chef
126
127 Administration Team
128 Admin Head
129 Admin Executive
130
131 Estate Staff
132 Estate Manager
133 Waiters
134 Cleaners
135 Kitchen Support Staff
136 Tour Guide / Event Organiser
137
138 Other Support Staff
139 Office Boys
140 Maintenance Staff
141 Security
142
143 Total Salary Costs

Annual Summary
Sr Particulars
Month ----------------------------------->
1 Effective Month ------------------------>
2 No of Employees
3 CEO
4 Managing Director
5
6 Marketing Team
7 Marketing Head
8 Marketing Executives
9 Creative & Design Executives
10
11 Tech Team
12 Team Lead
13 App & Web Developers
14 Backend Developers
15 UI & UX Developers
16 Other Developers & Programmers
17
18 HR Team
19 HR Head
20 HR Executives
21
22 Accounts Team
23 Accounts Head
24 Accounts Executives
25
26 Kitchen Staff
27 Head Chef
28 Sous Chef
29
30 Administration Team
31 Admin Head
32 Admin Executive
33
34 Estate Staff
35 Estate Manager
36 Waiters
37 Cleaners
38 Kitchen Support Staff
39 Tour Guide / Event Organiser
40
41 Other Support Staff
42 Office Boys
43 Maintenance Staff
44 Security
45
46 Total Team
47
48 Monthly CTC
49 CEO
50 Managing Director
51
52 Marketing Team
53 Marketing Head
54 Marketing Executives
55 Creative & Design Executives
56
57 Tech Team
58 Team Lead
59 App & Web Developers
60 Backend Developers
61 UI & UX Developers
62 Other Developers & Programmers

63 HR Team
64 HR Head
65 HR Executives
66
67 Accounts Team
68 Accounts Head
69 Accounts Executives
70
71 Kitchen Staff
72 Head Chef
73 Sous Chef
74
75 Administration Team
76 Admin Head
77 Admin Executive
78
79 Estate Staff
80 Estate Manager
81 Waiters
82 Cleaners
83 Kitchen Support Staff
84 Tour Guide / Event Organiser
85
86 Other Support Staff
87 Office Boys
88 Maintenance Staff
89 Security
90
91
92
93 Salary Outflow
94 CEO
95 Managing Director
96
97 Marketing Team
98 Marketing Head
99 Marketing Executives
100 Creative & Design Executives
101
102 Tech Team
103 Team Lead
104 App & Web Developers
105 Backend Developers
106 UI & UX Developers
107 Other Developers & Programmers

108 HR Team
109 HR Head
110 HR Executives
111
112 Accounts Team
113 Accounts Head
114 Accounts Executives
115
116 Kitchen Staff
117 Head Chef
118 Sous Chef
119
120 Administration Team
121 Admin Head
122 Admin Executive
123
124 Estate Staff
125 Estate Manager
126 Waiters
127 Cleaners
128 Kitchen Support Staff
129 Tour Guide / Event Organiser
130
131 Other Support Staff
132 Office Boys
133 Maintenance Staff
134 Security
135
136 Total Salary Costs
 FY23 FY23 FY23 FY23 FY23
Apr-22 May-22 Jun-22 Jul-22 Aug-22
1 2 3 4 5
Limit

1 - - - - 1
1 - - - - 1

1 1 1 1 1 1
8 1 1 1 1 1
4 - - - - 2

1 1 1 1 1 1
1 2 2 2 2 2
1 2 2 2 2 2
1 1 1 1 1 1
1 1 1 1 1 1

1 - - - - 1
4 - - - - 2

1 1 1 1 1 1
3 - - - - 2

2 - - - - 2
4 - - - - 3
 - - - - 1
- - - - 2

1 1 1 1 1
15 - - - - 5
7 - - - - 5
7 - - - - 5
5 - - - - 1

- - - - 1
4 1 1 1 1 1
4 1 1 1 1 1

13 13 13 13 47

80,000 80,000 80,000 80,000 80,000

80,000 80,000 80,000 80,000 80,000

40,000 40,000 40,000 40,000 40,000

30,000 30,000 30,000 30,000 30,000
30,000 30,000 30,000 30,000 30,000

60,000 60,000 60,000 60,000 60,000

50,000 50,000 50,000 50,000 50,000
45,000 45,000 45,000 45,000 45,000
45,000 45,000 45,000 45,000 45,000
40,000 40,000 40,000 40,000 40,000

35,000 35,000 35,000 35,000 35,000

25,000 25,000 25,000 25,000 25,000
 35,000 35,000 35,000 35,000 35,000
25,000 25,000 25,000 25,000 25,000

40,000 40,000 40,000 40,000 40,000

25,000 25,000 25,000 25,000 25,000
- - - - -
- - - - -
30,000 30,000 30,000 30,000 30,000
25,000 25,000 25,000 25,000 25,000

40,000 40,000 40,000 40,000 40,000

20,000 20,000 20,000 20,000 20,000
15,000 15,000 15,000 15,000 15,000
15,000 15,000 15,000 15,000 15,000
25,000 25,000 25,000 25,000 25,000

15,000 15,000 15,000 15,000 15,000

15,000 15,000 15,000 15,000 15,000
10,000 10,000 10,000 10,000 10,000

- - - - 80,000
- - - - 80,000

40,000 40,000 40,000 40,000 40,000

30,000 30,000 30,000 30,000 30,000
- - - - 60,000

60,000 60,000 60,000 60,000 60,000

100,000 100,000 100,000 100,000 100,000
 90,000 90,000 90,000 90,000 90,000
45,000 45,000 45,000 45,000 45,000
40,000 40,000 40,000 40,000 40,000

- - - - 35,000
- - - - 50,000

35,000 35,000 35,000 35,000 35,000

- - - - 50,000

- - - - 80,000
- - - - 75,000

- - - - 30,000
- - - - 50,000

40,000 40,000 40,000 40,000 40,000

- - - - 100,000
- - - - 75,000
- - - - 75,000
- - - - 25,000

- - - - 15,000
15,000 15,000 15,000 15,000 15,000
10,000 10,000 10,000 10,000 10,000

505,000 505,000 505,000 505,000 1,385,000

FY23 FY24 FY25 FY26 FY27

Mar-23 Mar-24 Mar-25 Mar-26 Mar-27
12 24 36 48 60
1 1 1 1 1
1 1 1 1 1

1 1 1 1 1
2 4 6 8 8
2 3 4 4 4

1 1 1 1 1
2 2 1 1 1
2 2 1 1 1
1 1 1 1 1
1 1 1 1 1

1 1 1 1 1
2 3 4 4 4

1 1 1 1 1
2 2 3 3 3

2 2 2 2 2
3 3 4 4 4

1 1 1 1 1
2 2 2 2 2

1 1 1 1 1
7 11 15 15 15
5 6 7 7 7
5 6 7 7 7
1 2 3 4 5
 1 1 1 1 1
2 4 4 4 4
2 4 4 4 4

52 67 78 81 82

80,000 112,000 157,000 220,000 307,000

80,000 112,000 157,000 220,000 307,000

- - - - -
40,000 54,000 73,000 98,000 133,000
30,000 39,000 51,000 66,000 86,000
30,000 39,000 51,000 66,000 86,000

60,000 78,000 101,000 132,000 171,000

50,000 65,000 85,000 110,000 143,000
45,000 59,000 76,000 99,000 129,000
45,000 59,000 76,000 99,000 129,000
40,000 50,000 63,000 78,000 98,000

35,000 46,000 59,000 77,000 100,000

25,000 31,000 39,000 49,000 61,000

35,000 46,000 59,000 77,000 100,000

25,000 31,000 39,000 49,000 61,000

40,000 52,000 68,000 88,000 114,000

25,000 31,000 39,000 49,000 61,000

30,000 39,000 51,000 66,000 86,000

25,000 31,000 39,000 49,000 61,000
 40,000 52,000 68,000 88,000 114,000
20,000 25,000 31,000 39,000 49,000
15,000 17,000 20,000 23,000 26,000
15,000 18,000 22,000 26,000 31,000
25,000 30,000 36,000 43,000 52,000

15,000 17,000 18,000 20,000 22,000

15,000 17,000 18,000 20,000 22,000
10,000 11,000 12,000 13,000 15,000

640,000 1,344,000 1,884,000 2,640,000 3,684,000

640,000 1,344,000 1,884,000 2,640,000 3,684,000

480,000 648,000 876,000 1,176,000 1,596,000

540,000 1,638,000 3,366,000 5,940,000 8,256,000
480,000 1,248,000 2,244,000 3,168,000 4,128,000

720,000 936,000 1,212,000 1,584,000 2,052,000

1,200,000 1,560,000 1,020,000 1,320,000 1,716,000
1,080,000 1,416,000 912,000 1,188,000 1,548,000
540,000 708,000 912,000 1,188,000 1,548,000
480,000 600,000 756,000 936,000 1,176,000

280,000 552,000 708,000 924,000 1,200,000

400,000 992,000 1,716,000 2,352,000 2,928,000

420,000 552,000 708,000 924,000 1,200,000

400,000 744,000 1,248,000 1,764,000 2,196,000
 640,000 1,248,000 1,632,000 2,112,000 2,736,000
600,000 1,116,000 1,716,000 2,352,000 2,928,000

240,000 468,000 612,000 792,000 1,032,000

400,000 744,000 936,000 1,176,000 1,464,000

480,000 624,000 816,000 1,056,000 1,368,000

880,000 2,600,000 4,712,000 7,020,000 8,820,000
600,000 1,156,000 1,600,000 1,932,000 2,184,000
600,000 1,224,000 1,760,000 2,184,000 2,604,000
200,000 600,000 1,152,000 1,892,000 2,912,000

120,000 204,000 216,000 240,000 264,000

270,000 714,000 864,000 960,000 1,056,000
180,000 462,000 576,000 624,000 720,000

13,510,000 25,442,000 36,038,000 50,084,000 65,000,000

9,490,000
FY23 FY23 FY23 FY23 FY23 FY23 FY23
Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23
6 7 8 9 10 11 12

1 1 1 1 1 1 1
1 1 1 1 1 1 1

1 1 1 1 1 1 1
1 2 2 2 2 2 2
2 2 2 2 2 2 2

1 1 1 1 1 1 1
2 2 2 2 2 2 2
2 2 2 2 2 2 2
1 1 1 1 1 1 1
1 1 1 1 1 1 1

1 1 1 1 1 1 1
2 2 2 2 2 2 2

1 1 1 1 1 1 1
2 2 2 2 2 2 2

2 2 2 2 2 2 2
3 3 3 3 3 3 3
 1 1 1 1 1 1 1
2 2 2 2 2 2 2

1 1 1 1 1 1 1
5 5 5 5 5 7 7
5 5 5 5 5 5 5
5 5 5 5 5 5 5
1 1 1 1 1 1 1

1 1 1 1 1 1 1
1 2 2 2 2 2 2
1 2 2 2 2 2 2

47 50 50 50 50 52 52

80,000 80,000 80,000 80,000 80,000 80,000 80,000

80,000 80,000 80,000 80,000 80,000 80,000 80,000

40,000 40,000 40,000 40,000 40,000 40,000 40,000

30,000 30,000 30,000 30,000 30,000 30,000 30,000
30,000 30,000 30,000 30,000 30,000 30,000 30,000

60,000 60,000 60,000 60,000 60,000 60,000 60,000

50,000 50,000 50,000 50,000 50,000 50,000 50,000
45,000 45,000 45,000 45,000 45,000 45,000 45,000
45,000 45,000 45,000 45,000 45,000 45,000 45,000
40,000 40,000 40,000 40,000 40,000 40,000 40,000

35,000 35,000 35,000 35,000 35,000 35,000 35,000

25,000 25,000 25,000 25,000 25,000 25,000 25,000
 35,000 35,000 35,000 35,000 35,000 35,000 35,000
25,000 25,000 25,000 25,000 25,000 25,000 25,000

40,000 40,000 40,000 40,000 40,000 40,000 40,000

25,000 25,000 25,000 25,000 25,000 25,000 25,000
- - - - - - -
- - - - - - -
30,000 30,000 30,000 30,000 30,000 30,000 30,000
25,000 25,000 25,000 25,000 25,000 25,000 25,000

40,000 40,000 40,000 40,000 40,000 40,000 40,000

20,000 20,000 20,000 20,000 20,000 20,000 20,000
15,000 15,000 15,000 15,000 15,000 15,000 15,000
15,000 15,000 15,000 15,000 15,000 15,000 15,000
25,000 25,000 25,000 25,000 25,000 25,000 25,000

15,000 15,000 15,000 15,000 15,000 15,000 15,000

15,000 15,000 15,000 15,000 15,000 15,000 15,000
10,000 10,000 10,000 10,000 10,000 10,000 10,000

80,000 80,000 80,000 80,000 80,000 80,000 80,000

80,000 80,000 80,000 80,000 80,000 80,000 80,000

40,000 40,000 40,000 40,000 40,000 40,000 40,000

30,000 60,000 60,000 60,000 60,000 60,000 60,000
60,000 60,000 60,000 60,000 60,000 60,000 60,000

60,000 60,000 60,000 60,000 60,000 60,000 60,000

100,000 100,000 100,000 100,000 100,000 100,000 100,000
 90,000 90,000 90,000 90,000 90,000 90,000 90,000
45,000 45,000 45,000 45,000 45,000 45,000 45,000
40,000 40,000 40,000 40,000 40,000 40,000 40,000

35,000 35,000 35,000 35,000 35,000 35,000 35,000

50,000 50,000 50,000 50,000 50,000 50,000 50,000

35,000 35,000 35,000 35,000 35,000 35,000 35,000

50,000 50,000 50,000 50,000 50,000 50,000 50,000

80,000 80,000 80,000 80,000 80,000 80,000 80,000

75,000 75,000 75,000 75,000 75,000 75,000 75,000

30,000 30,000 30,000 30,000 30,000 30,000 30,000

50,000 50,000 50,000 50,000 50,000 50,000 50,000

40,000 40,000 40,000 40,000 40,000 40,000 40,000

100,000 100,000 100,000 100,000 100,000 140,000 140,000
75,000 75,000 75,000 75,000 75,000 75,000 75,000
75,000 75,000 75,000 75,000 75,000 75,000 75,000
25,000 25,000 25,000 25,000 25,000 25,000 25,000

15,000 15,000 15,000 15,000 15,000 15,000 15,000

15,000 30,000 30,000 30,000 30,000 30,000 30,000
10,000 20,000 20,000 20,000 20,000 20,000 20,000

1,385,000 1,440,000 1,440,000 1,440,000 1,440,000 1,480,000 1,480,000

FY24 FY24 FY24 FY24 FY24 FY24 FY24
Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23
13 14 15 16 17 18 19

1 1 1 1 1 1 1
1 1 1 1 1 1 1

1 1 1 1 1 1 1
3 3 3 3 3 3 4
2 2 2 2 3 3 3

1 1 1 1 1 1 1
2 2 2 2 2 2 2
2 2 2 2 2 2 2
1 1 1 1 1 1 1
1 1 1 1 1 1 1

1 1 1 1 1 1 1
2 2 2 2 3 3 3

1 1 1 1 1 1 1
2 2 2 2 2 2 2

2 2 2 2 2 2 2
3 3 3 3 3 3 3
 1 1 1 1 1 1 1
2 2 2 2 2 2 2

1 1 1 1 1 1 1
7 7 7 7 9 9 9
5 5 5 5 6 6 6
5 5 5 5 6 6 6
1 1 1 1 2 2 2

1 1 1 1 1 1 1
3 3 3 3 3 3 4
3 3 3 3 3 3 4

55 55 55 55 62 62 65

112,000 112,000 112,000 112,000 112,000 112,000 112,000

112,000 112,000 112,000 112,000 112,000 112,000 112,000

54,000 54,000 54,000 54,000 54,000 54,000 54,000

39,000 39,000 39,000 39,000 39,000 39,000 39,000
39,000 39,000 39,000 39,000 39,000 39,000 39,000

78,000 78,000 78,000 78,000 78,000 78,000 78,000

65,000 65,000 65,000 65,000 65,000 65,000 65,000
59,000 59,000 59,000 59,000 59,000 59,000 59,000
59,000 59,000 59,000 59,000 59,000 59,000 59,000
50,000 50,000 50,000 50,000 50,000 50,000 50,000

46,000 46,000 46,000 46,000 46,000 46,000 46,000

31,000 31,000 31,000 31,000 31,000 31,000 31,000
 46,000 46,000 46,000 46,000 46,000 46,000 46,000
31,000 31,000 31,000 31,000 31,000 31,000 31,000

52,000 52,000 52,000 52,000 52,000 52,000 52,000

31,000 31,000 31,000 31,000 31,000 31,000 31,000
- - - - - - -
- - - - - - -
39,000 39,000 39,000 39,000 39,000 39,000 39,000
31,000 31,000 31,000 31,000 31,000 31,000 31,000

52,000 52,000 52,000 52,000 52,000 52,000 52,000

25,000 25,000 25,000 25,000 25,000 25,000 25,000
17,000 17,000 17,000 17,000 17,000 17,000 17,000
18,000 18,000 18,000 18,000 18,000 18,000 18,000
30,000 30,000 30,000 30,000 30,000 30,000 30,000

17,000 17,000 17,000 17,000 17,000 17,000 17,000

17,000 17,000 17,000 17,000 17,000 17,000 17,000
11,000 11,000 11,000 11,000 11,000 11,000 11,000

112,000 112,000 112,000 112,000 112,000 112,000 112,000

112,000 112,000 112,000 112,000 112,000 112,000 112,000

54,000 54,000 54,000 54,000 54,000 54,000 54,000

117,000 117,000 117,000 117,000 117,000 117,000 156,000
78,000 78,000 78,000 78,000 117,000 117,000 117,000

78,000 78,000 78,000 78,000 78,000 78,000 78,000

130,000 130,000 130,000 130,000 130,000 130,000 130,000
 118,000 118,000 118,000 118,000 118,000 118,000 118,000
59,000 59,000 59,000 59,000 59,000 59,000 59,000
50,000 50,000 50,000 50,000 50,000 50,000 50,000

46,000 46,000 46,000 46,000 46,000 46,000 46,000

62,000 62,000 62,000 62,000 93,000 93,000 93,000

46,000 46,000 46,000 46,000 46,000 46,000 46,000

62,000 62,000 62,000 62,000 62,000 62,000 62,000

104,000 104,000 104,000 104,000 104,000 104,000 104,000

93,000 93,000 93,000 93,000 93,000 93,000 93,000

39,000 39,000 39,000 39,000 39,000 39,000 39,000

62,000 62,000 62,000 62,000 62,000 62,000 62,000

52,000 52,000 52,000 52,000 52,000 52,000 52,000

175,000 175,000 175,000 175,000 225,000 225,000 225,000
85,000 85,000 85,000 85,000 102,000 102,000 102,000
90,000 90,000 90,000 90,000 108,000 108,000 108,000
30,000 30,000 30,000 30,000 60,000 60,000 60,000

17,000 17,000 17,000 17,000 17,000 17,000 17,000

51,000 51,000 51,000 51,000 51,000 51,000 68,000
33,000 33,000 33,000 33,000 33,000 33,000 44,000

1,955,000 1,955,000 1,955,000 1,955,000 2,140,000 2,140,000 2,207,000

FY24 FY24 FY24 FY24 FY24 FY25 FY25
Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24
20 21 22 23 24 25 26

1 1 1 1 1 1 1
1 1 1 1 1 1 1

1 1 1 1 1 1 1
4 4 4 4 4 5 5
3 3 3 3 3 3 3

1 1 1 1 1 1 1
2 2 2 2 2 1 1
2 2 2 2 2 1 1
1 1 1 1 1 1 1
1 1 1 1 1 1 1

1 1 1 1 1 1 1
3 3 3 3 3 3 3

1 1 1 1 1 1 1
2 2 2 2 2 2 2

2 2 2 2 2 2 2
3 3 3 3 3 3 3
 1 1 1 1 1 1 1
2 2 2 2 2 2 2

1 1 1 1 1 1 1
9 9 9 11 11 11 11
6 6 6 6 6 6 6
6 6 6 6 6 6 6
2 2 2 2 2 2 2

1 1 1 1 1 1 1
4 4 4 4 4 4 4
4 4 4 4 4 4 4

65 65 65 67 67 66 66

112,000 112,000 112,000 112,000 112,000 157,000 157,000

112,000 112,000 112,000 112,000 112,000 157,000 157,000

54,000 54,000 54,000 54,000 54,000 73,000 73,000

39,000 39,000 39,000 39,000 39,000 51,000 51,000
39,000 39,000 39,000 39,000 39,000 51,000 51,000

78,000 78,000 78,000 78,000 78,000 101,000 101,000

65,000 65,000 65,000 65,000 65,000 85,000 85,000
59,000 59,000 59,000 59,000 59,000 76,000 76,000
59,000 59,000 59,000 59,000 59,000 76,000 76,000
50,000 50,000 50,000 50,000 50,000 63,000 63,000

46,000 46,000 46,000 46,000 46,000 59,000 59,000

31,000 31,000 31,000 31,000 31,000 39,000 39,000
 46,000 46,000 46,000 46,000 46,000 59,000 59,000
31,000 31,000 31,000 31,000 31,000 39,000 39,000

52,000 52,000 52,000 52,000 52,000 68,000 68,000

31,000 31,000 31,000 31,000 31,000 39,000 39,000
- - - - - - -
- - - - - - -
39,000 39,000 39,000 39,000 39,000 51,000 51,000
31,000 31,000 31,000 31,000 31,000 39,000 39,000

52,000 52,000 52,000 52,000 52,000 68,000 68,000

25,000 25,000 25,000 25,000 25,000 31,000 31,000
17,000 17,000 17,000 17,000 17,000 20,000 20,000
18,000 18,000 18,000 18,000 18,000 22,000 22,000
30,000 30,000 30,000 30,000 30,000 36,000 36,000

17,000 17,000 17,000 17,000 17,000 18,000 18,000

17,000 17,000 17,000 17,000 17,000 18,000 18,000
11,000 11,000 11,000 11,000 11,000 12,000 12,000

112,000 112,000 112,000 112,000 112,000 157,000 157,000

112,000 112,000 112,000 112,000 112,000 157,000 157,000

54,000 54,000 54,000 54,000 54,000 73,000 73,000

156,000 156,000 156,000 156,000 156,000 255,000 255,000
117,000 117,000 117,000 117,000 117,000 153,000 153,000

78,000 78,000 78,000 78,000 78,000 101,000 101,000

130,000 130,000 130,000 130,000 130,000 85,000 85,000
 118,000 118,000 118,000 118,000 118,000 76,000 76,000
59,000 59,000 59,000 59,000 59,000 76,000 76,000
50,000 50,000 50,000 50,000 50,000 63,000 63,000

46,000 46,000 46,000 46,000 46,000 59,000 59,000

93,000 93,000 93,000 93,000 93,000 117,000 117,000

46,000 46,000 46,000 46,000 46,000 59,000 59,000

62,000 62,000 62,000 62,000 62,000 78,000 78,000

104,000 104,000 104,000 104,000 104,000 136,000 136,000

93,000 93,000 93,000 93,000 93,000 117,000 117,000

39,000 39,000 39,000 39,000 39,000 51,000 51,000

62,000 62,000 62,000 62,000 62,000 78,000 78,000

52,000 52,000 52,000 52,000 52,000 68,000 68,000

225,000 225,000 225,000 275,000 275,000 341,000 341,000
102,000 102,000 102,000 102,000 102,000 120,000 120,000
108,000 108,000 108,000 108,000 108,000 132,000 132,000
60,000 60,000 60,000 60,000 60,000 72,000 72,000

17,000 17,000 17,000 17,000 17,000 18,000 18,000

68,000 68,000 68,000 68,000 68,000 72,000 72,000
44,000 44,000 44,000 44,000 44,000 48,000 48,000

2,207,000 2,207,000 2,207,000 2,257,000 2,257,000 2,762,000 2,762,000

FY25 FY25 FY25 FY25 FY25 FY25 FY25
Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24
27 28 29 30 31 32 33

1 1 1 1 1 1 1
1 1 1 1 1 1 1

1 1 1 1 1 1 1
5 5 5 5 6 6 6
3 3 4 4 4 4 4

1 1 1 1 1 1 1
1 1 1 1 1 1 1
1 1 1 1 1 1 1
1 1 1 1 1 1 1
1 1 1 1 1 1 1

1 1 1 1 1 1 1
3 3 4 4 4 4 4

1 1 1 1 1 1 1
2 2 3 3 3 3 3

2 2 2 2 2 2 2
3 3 4 4 4 4 4
 1 1 1 1 1 1 1
2 2 2 2 2 2 2

1 1 1 1 1 1 1
11 11 13 13 13 13 13
6 6 7 7 7 7 7
6 6 7 7 7 7 7
2 2 3 3 3 3 3

1 1 1 1 1 1 1
4 4 4 4 4 4 4
4 4 4 4 4 4 4

66 66 75 75 76 76 76

157,000 157,000 157,000 157,000 157,000 157,000 157,000

157,000 157,000 157,000 157,000 157,000 157,000 157,000

73,000 73,000 73,000 73,000 73,000 73,000 73,000

51,000 51,000 51,000 51,000 51,000 51,000 51,000
51,000 51,000 51,000 51,000 51,000 51,000 51,000

101,000 101,000 101,000 101,000 101,000 101,000 101,000

85,000 85,000 85,000 85,000 85,000 85,000 85,000
76,000 76,000 76,000 76,000 76,000 76,000 76,000
76,000 76,000 76,000 76,000 76,000 76,000 76,000
63,000 63,000 63,000 63,000 63,000 63,000 63,000

59,000 59,000 59,000 59,000 59,000 59,000 59,000

39,000 39,000 39,000 39,000 39,000 39,000 39,000
 59,000 59,000 59,000 59,000 59,000 59,000 59,000
39,000 39,000 39,000 39,000 39,000 39,000 39,000

68,000 68,000 68,000 68,000 68,000 68,000 68,000

39,000 39,000 39,000 39,000 39,000 39,000 39,000
- - - - - - -
- - - - - - -
51,000 51,000 51,000 51,000 51,000 51,000 51,000
39,000 39,000 39,000 39,000 39,000 39,000 39,000

68,000 68,000 68,000 68,000 68,000 68,000 68,000

31,000 31,000 31,000 31,000 31,000 31,000 31,000
20,000 20,000 20,000 20,000 20,000 20,000 20,000
22,000 22,000 22,000 22,000 22,000 22,000 22,000
36,000 36,000 36,000 36,000 36,000 36,000 36,000

18,000 18,000 18,000 18,000 18,000 18,000 18,000

18,000 18,000 18,000 18,000 18,000 18,000 18,000
12,000 12,000 12,000 12,000 12,000 12,000 12,000

157,000 157,000 157,000 157,000 157,000 157,000 157,000

157,000 157,000 157,000 157,000 157,000 157,000 157,000

73,000 73,000 73,000 73,000 73,000 73,000 73,000

255,000 255,000 255,000 255,000 306,000 306,000 306,000
153,000 153,000 204,000 204,000 204,000 204,000 204,000

101,000 101,000 101,000 101,000 101,000 101,000 101,000

85,000 85,000 85,000 85,000 85,000 85,000 85,000
 76,000 76,000 76,000 76,000 76,000 76,000 76,000
76,000 76,000 76,000 76,000 76,000 76,000 76,000
63,000 63,000 63,000 63,000 63,000 63,000 63,000

59,000 59,000 59,000 59,000 59,000 59,000 59,000

117,000 117,000 156,000 156,000 156,000 156,000 156,000

59,000 59,000 59,000 59,000 59,000 59,000 59,000

78,000 78,000 117,000 117,000 117,000 117,000 117,000

136,000 136,000 136,000 136,000 136,000 136,000 136,000

117,000 117,000 156,000 156,000 156,000 156,000 156,000

51,000 51,000 51,000 51,000 51,000 51,000 51,000

78,000 78,000 78,000 78,000 78,000 78,000 78,000

68,000 68,000 68,000 68,000 68,000 68,000 68,000

341,000 341,000 403,000 403,000 403,000 403,000 403,000
120,000 120,000 140,000 140,000 140,000 140,000 140,000
132,000 132,000 154,000 154,000 154,000 154,000 154,000
72,000 72,000 108,000 108,000 108,000 108,000 108,000

18,000 18,000 18,000 18,000 18,000 18,000 18,000

72,000 72,000 72,000 72,000 72,000 72,000 72,000
48,000 48,000 48,000 48,000 48,000 48,000 48,000

2,762,000 2,762,000 3,070,000 3,070,000 3,121,000 3,121,000 3,121,000

FY25 FY25 FY25 FY26 FY26 FY26 FY26
Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25
34 35 36 37 38 39 40

1 1 1 1 1 1 1
1 1 1 1 1 1 1

1 1 1 1 1 1 1
6 6 6 7 7 7 7
4 4 4 4 4 4 4

1 1 1 1 1 1 1
1 1 1 1 1 1 1
1 1 1 1 1 1 1
1 1 1 1 1 1 1
1 1 1 1 1 1 1

1 1 1 1 1 1 1
4 4 4 4 4 4 4

1 1 1 1 1 1 1
3 3 3 3 3 3 3

2 2 2 2 2 2 2
4 4 4 4 4 4 4
 1 1 1 1 1 1 1
2 2 2 2 2 2 2

1 1 1 1 1 1 1
13 15 15 15 15 15 15
7 7 7 7 7 7 7
7 7 7 7 7 7 7
3 3 3 3 3 3 3

1 1 1 1 1 1 1
4 4 4 4 4 4 4
4 4 4 4 4 4 4

76 78 78 79 79 79 79

157,000 157,000 157,000 220,000 220,000 220,000 220,000

157,000 157,000 157,000 220,000 220,000 220,000 220,000

73,000 73,000 73,000 98,000 98,000 98,000 98,000

51,000 51,000 51,000 66,000 66,000 66,000 66,000
51,000 51,000 51,000 66,000 66,000 66,000 66,000

101,000 101,000 101,000 132,000 132,000 132,000 132,000

85,000 85,000 85,000 110,000 110,000 110,000 110,000
76,000 76,000 76,000 99,000 99,000 99,000 99,000
76,000 76,000 76,000 99,000 99,000 99,000 99,000
63,000 63,000 63,000 78,000 78,000 78,000 78,000

59,000 59,000 59,000 77,000 77,000 77,000 77,000

39,000 39,000 39,000 49,000 49,000 49,000 49,000
 59,000 59,000 59,000 77,000 77,000 77,000 77,000
39,000 39,000 39,000 49,000 49,000 49,000 49,000

68,000 68,000 68,000 88,000 88,000 88,000 88,000

39,000 39,000 39,000 49,000 49,000 49,000 49,000
- - - - - - -
- - - - - - -
51,000 51,000 51,000 66,000 66,000 66,000 66,000
39,000 39,000 39,000 49,000 49,000 49,000 49,000

68,000 68,000 68,000 88,000 88,000 88,000 88,000

31,000 31,000 31,000 39,000 39,000 39,000 39,000
20,000 20,000 20,000 23,000 23,000 23,000 23,000
22,000 22,000 22,000 26,000 26,000 26,000 26,000
36,000 36,000 36,000 43,000 43,000 43,000 43,000

18,000 18,000 18,000 20,000 20,000 20,000 20,000

18,000 18,000 18,000 20,000 20,000 20,000 20,000
12,000 12,000 12,000 13,000 13,000 13,000 13,000

157,000 157,000 157,000 220,000 220,000 220,000 220,000

157,000 157,000 157,000 220,000 220,000 220,000 220,000

73,000 73,000 73,000 98,000 98,000 98,000 98,000

306,000 306,000 306,000 462,000 462,000 462,000 462,000
204,000 204,000 204,000 264,000 264,000 264,000 264,000

101,000 101,000 101,000 132,000 132,000 132,000 132,000

85,000 85,000 85,000 110,000 110,000 110,000 110,000
 76,000 76,000 76,000 99,000 99,000 99,000 99,000
76,000 76,000 76,000 99,000 99,000 99,000 99,000
63,000 63,000 63,000 78,000 78,000 78,000 78,000

59,000 59,000 59,000 77,000 77,000 77,000 77,000

156,000 156,000 156,000 196,000 196,000 196,000 196,000

59,000 59,000 59,000 77,000 77,000 77,000 77,000

117,000 117,000 117,000 147,000 147,000 147,000 147,000

136,000 136,000 136,000 176,000 176,000 176,000 176,000

156,000 156,000 156,000 196,000 196,000 196,000 196,000

51,000 51,000 51,000 66,000 66,000 66,000 66,000

78,000 78,000 78,000 98,000 98,000 98,000 98,000

68,000 68,000 68,000 88,000 88,000 88,000 88,000

403,000 465,000 465,000 585,000 585,000 585,000 585,000
140,000 140,000 140,000 161,000 161,000 161,000 161,000
154,000 154,000 154,000 182,000 182,000 182,000 182,000
108,000 108,000 108,000 129,000 129,000 129,000 129,000

18,000 18,000 18,000 20,000 20,000 20,000 20,000

72,000 72,000 72,000 80,000 80,000 80,000 80,000
48,000 48,000 48,000 52,000 52,000 52,000 52,000

3,121,000 3,183,000 3,183,000 4,112,000 4,112,000 4,112,000 4,112,000

 FY26 FY26 FY26 FY26 FY26 FY26 FY26
Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26
41 42 43 44 45 46 47

1 1 1 1 1 1 1
1 1 1 1 1 1 1

1 1 1 1 1 1 1
7 7 8 8 8 8 8
4 4 4 4 4 4 4

1 1 1 1 1 1 1
1 1 1 1 1 1 1
1 1 1 1 1 1 1
1 1 1 1 1 1 1
1 1 1 1 1 1 1

1 1 1 1 1 1 1
4 4 4 4 4 4 4

1 1 1 1 1 1 1
3 3 3 3 3 3 3

2 2 2 2 2 2 2
4 4 4 4 4 4 4
 1 1 1 1 1 1 1
2 2 2 2 2 2 2

1 1 1 1 1 1 1
15 15 15 15 15 15 15
7 7 7 7 7 7 7
7 7 7 7 7 7 7
4 4 4 4 4 4 4

1 1 1 1 1 1 1
4 4 4 4 4 4 4
4 4 4 4 4 4 4

80 80 81 81 81 81 81

220,000 220,000 220,000 220,000 220,000 220,000 220,000

220,000 220,000 220,000 220,000 220,000 220,000 220,000

98,000 98,000 98,000 98,000 98,000 98,000 98,000

66,000 66,000 66,000 66,000 66,000 66,000 66,000
66,000 66,000 66,000 66,000 66,000 66,000 66,000

132,000 132,000 132,000 132,000 132,000 132,000 132,000

110,000 110,000 110,000 110,000 110,000 110,000 110,000
99,000 99,000 99,000 99,000 99,000 99,000 99,000
99,000 99,000 99,000 99,000 99,000 99,000 99,000
78,000 78,000 78,000 78,000 78,000 78,000 78,000

77,000 77,000 77,000 77,000 77,000 77,000 77,000

49,000 49,000 49,000 49,000 49,000 49,000 49,000
 77,000 77,000 77,000 77,000 77,000 77,000 77,000
49,000 49,000 49,000 49,000 49,000 49,000 49,000

88,000 88,000 88,000 88,000 88,000 88,000 88,000

49,000 49,000 49,000 49,000 49,000 49,000 49,000
- - - - - - -
- - - - - - -
66,000 66,000 66,000 66,000 66,000 66,000 66,000
49,000 49,000 49,000 49,000 49,000 49,000 49,000

88,000 88,000 88,000 88,000 88,000 88,000 88,000

39,000 39,000 39,000 39,000 39,000 39,000 39,000
23,000 23,000 23,000 23,000 23,000 23,000 23,000
26,000 26,000 26,000 26,000 26,000 26,000 26,000
43,000 43,000 43,000 43,000 43,000 43,000 43,000

20,000 20,000 20,000 20,000 20,000 20,000 20,000

20,000 20,000 20,000 20,000 20,000 20,000 20,000
13,000 13,000 13,000 13,000 13,000 13,000 13,000

220,000 220,000 220,000 220,000 220,000 220,000 220,000

220,000 220,000 220,000 220,000 220,000 220,000 220,000

98,000 98,000 98,000 98,000 98,000 98,000 98,000

462,000 462,000 528,000 528,000 528,000 528,000 528,000
264,000 264,000 264,000 264,000 264,000 264,000 264,000

132,000 132,000 132,000 132,000 132,000 132,000 132,000

110,000 110,000 110,000 110,000 110,000 110,000 110,000
 99,000 99,000 99,000 99,000 99,000 99,000 99,000
99,000 99,000 99,000 99,000 99,000 99,000 99,000
78,000 78,000 78,000 78,000 78,000 78,000 78,000

77,000 77,000 77,000 77,000 77,000 77,000 77,000

196,000 196,000 196,000 196,000 196,000 196,000 196,000

77,000 77,000 77,000 77,000 77,000 77,000 77,000

147,000 147,000 147,000 147,000 147,000 147,000 147,000

176,000 176,000 176,000 176,000 176,000 176,000 176,000

196,000 196,000 196,000 196,000 196,000 196,000 196,000

66,000 66,000 66,000 66,000 66,000 66,000 66,000

98,000 98,000 98,000 98,000 98,000 98,000 98,000

88,000 88,000 88,000 88,000 88,000 88,000 88,000

585,000 585,000 585,000 585,000 585,000 585,000 585,000
161,000 161,000 161,000 161,000 161,000 161,000 161,000
182,000 182,000 182,000 182,000 182,000 182,000 182,000
172,000 172,000 172,000 172,000 172,000 172,000 172,000

20,000 20,000 20,000 20,000 20,000 20,000 20,000

80,000 80,000 80,000 80,000 80,000 80,000 80,000
52,000 52,000 52,000 52,000 52,000 52,000 52,000

4,155,000 4,155,000 4,221,000 4,221,000 4,221,000 4,221,000 4,221,000

 FY26 FY27 FY27 FY27 FY27 FY27 FY27
Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26
48 49 50 51 52 53 54

1 1 1 1 1 1 1
1 1 1 1 1 1 1

1 1 1 1 1 1 1
8 8 8 8 8 8 8
4 4 4 4 4 4 4

1 1 1 1 1 1 1
1 1 1 1 1 1 1
1 1 1 1 1 1 1
1 1 1 1 1 1 1
1 1 1 1 1 1 1

1 1 1 1 1 1 1
4 4 4 4 4 4 4

1 1 1 1 1 1 1
3 3 3 3 3 3 3

2 2 2 2 2 2 2
4 4 4 4 4 4 4
 1 1 1 1 1 1 1
2 2 2 2 2 2 2

1 1 1 1 1 1 1
15 15 15 15 15 15 15
7 7 7 7 7 7 7
7 7 7 7 7 7 7
4 4 4 4 4 5 5

1 1 1 1 1 1 1
4 4 4 4 4 4 4
4 4 4 4 4 4 4

81 81 81 81 81 82 82

220,000 307,000 307,000 307,000 307,000 307,000 307,000

220,000 307,000 307,000 307,000 307,000 307,000 307,000

98,000 133,000 133,000 133,000 133,000 133,000 133,000

66,000 86,000 86,000 86,000 86,000 86,000 86,000
66,000 86,000 86,000 86,000 86,000 86,000 86,000

132,000 171,000 171,000 171,000 171,000 171,000 171,000

110,000 143,000 143,000 143,000 143,000 143,000 143,000
99,000 129,000 129,000 129,000 129,000 129,000 129,000
99,000 129,000 129,000 129,000 129,000 129,000 129,000
78,000 98,000 98,000 98,000 98,000 98,000 98,000

77,000 100,000 100,000 100,000 100,000 100,000 100,000

49,000 61,000 61,000 61,000 61,000 61,000 61,000
 77,000 100,000 100,000 100,000 100,000 100,000 100,000
49,000 61,000 61,000 61,000 61,000 61,000 61,000

88,000 114,000 114,000 114,000 114,000 114,000 114,000

49,000 61,000 61,000 61,000 61,000 61,000 61,000
- -
- -
66,000 86,000 86,000 86,000 86,000 86,000 86,000
49,000 61,000 61,000 61,000 61,000 61,000 61,000

88,000 114,000 114,000 114,000 114,000 114,000 114,000

39,000 49,000 49,000 49,000 49,000 49,000 49,000
23,000 26,000 26,000 26,000 26,000 26,000 26,000
26,000 31,000 31,000 31,000 31,000 31,000 31,000
43,000 52,000 52,000 52,000 52,000 52,000 52,000

20,000 22,000 22,000 22,000 22,000 22,000 22,000

20,000 22,000 22,000 22,000 22,000 22,000 22,000
13,000 15,000 15,000 15,000 15,000 15,000 15,000

220,000 307,000 307,000 307,000 307,000 307,000 307,000

220,000 307,000 307,000 307,000 307,000 307,000 307,000

98,000 133,000 133,000 133,000 133,000 133,000 133,000

528,000 688,000 688,000 688,000 688,000 688,000 688,000
264,000 344,000 344,000 344,000 344,000 344,000 344,000

132,000 171,000 171,000 171,000 171,000 171,000 171,000

110,000 143,000 143,000 143,000 143,000 143,000 143,000
 99,000 129,000 129,000 129,000 129,000 129,000 129,000
99,000 129,000 129,000 129,000 129,000 129,000 129,000
78,000 98,000 98,000 98,000 98,000 98,000 98,000

77,000 100,000 100,000 100,000 100,000 100,000 100,000

196,000 244,000 244,000 244,000 244,000 244,000 244,000

77,000 100,000 100,000 100,000 100,000 100,000 100,000

147,000 183,000 183,000 183,000 183,000 183,000 183,000

176,000 228,000 228,000 228,000 228,000 228,000 228,000

196,000 244,000 244,000 244,000 244,000 244,000 244,000

66,000 86,000 86,000 86,000 86,000 86,000 86,000

98,000 122,000 122,000 122,000 122,000 122,000 122,000

88,000 114,000 114,000 114,000 114,000 114,000 114,000

585,000 735,000 735,000 735,000 735,000 735,000 735,000
161,000 182,000 182,000 182,000 182,000 182,000 182,000
182,000 217,000 217,000 217,000 217,000 217,000 217,000
172,000 208,000 208,000 208,000 208,000 260,000 260,000

20,000 22,000 22,000 22,000 22,000 22,000 22,000

80,000 88,000 88,000 88,000 88,000 88,000 88,000
52,000 60,000 60,000 60,000 60,000 60,000 60,000

4,221,000 5,382,000 5,382,000 5,382,000 5,382,000 5,434,000 5,434,000

 #
#
#
#
#
FY27 FY27 FY27 FY27 FY27 FY27 #
Oct-26 Nov-26 Dec-26 Jan-27 Feb-27 Mar-27 #
55 56 57 58 59 60 #
#

1 1 1 1 1 1 #
1 1 1 1 1 1 #
#
#
1 1 1 1 1 1 #
8 8 8 8 8 8 #
4 4 4 4 4 4 #
#
#
1 1 1 1 1 1 #
1 1 1 1 1 1 #
1 1 1 1 1 1 #
1 1 1 1 1 1 #
1 1 1 1 1 1 #
#
#
1 1 1 1 1 1 #
4 4 4 4 4 4 #
#
#
1 1 1 1 1 1 #
3 3 3 3 3 3 #
#
#
2 2 2 2 2 2 #
4 4 4 4 4 4 #
#
#
 1 1 1 1 1 1 #
2 2 2 2 2 2 #
#
#
1 1 1 1 1 1 #
15 15 15 15 15 15 #
7 7 7 7 7 7 #
7 7 7 7 7 7 #
5 5 5 5 5 5 #
#
#
1 1 1 1 1 1 #
4 4 4 4 4 4 #
4 4 4 4 4 4 #
#
#
82 82 82 82 82 82 #
#
#
#
307,000 307,000 307,000 307,000 307,000 307,000 #
307,000 307,000 307,000 307,000 307,000 307,000 #
#
#
133,000 133,000 133,000 133,000 133,000 133,000 #
86,000 86,000 86,000 86,000 86,000 86,000 #
86,000 86,000 86,000 86,000 86,000 86,000 #
#
#
171,000 171,000 171,000 171,000 171,000 171,000 #
143,000 143,000 143,000 143,000 143,000 143,000 #
129,000 129,000 129,000 129,000 129,000 129,000 #
129,000 129,000 129,000 129,000 129,000 129,000 #
98,000 98,000 98,000 98,000 98,000 98,000 #
#
#
100,000 100,000 100,000 100,000 100,000 100,000 #
61,000 61,000 61,000 61,000 61,000 61,000 #
#
 #
100,000 100,000 100,000 100,000 100,000 100,000 #
61,000 61,000 61,000 61,000 61,000 61,000 #
#
#
114,000 114,000 114,000 114,000 114,000 114,000 #
61,000 61,000 61,000 61,000 61,000 61,000 #
#
#
86,000 86,000 86,000 86,000 86,000 86,000 #
61,000 61,000 61,000 61,000 61,000 61,000 #
#
#
114,000 114,000 114,000 114,000 114,000 114,000 #
49,000 49,000 49,000 49,000 49,000 49,000 #
26,000 26,000 26,000 26,000 26,000 26,000 #
31,000 31,000 31,000 31,000 31,000 31,000 #
52,000 52,000 52,000 52,000 52,000 52,000 #
#
#
22,000 22,000 22,000 22,000 22,000 22,000 #
22,000 22,000 22,000 22,000 22,000 22,000 #
15,000 15,000 15,000 15,000 15,000 15,000 #
#
#
#
#
#
307,000 307,000 307,000 307,000 307,000 307,000 #
307,000 307,000 307,000 307,000 307,000 307,000 #
#
#
133,000 133,000 133,000 133,000 133,000 133,000 #
688,000 688,000 688,000 688,000 688,000 688,000 #
344,000 344,000 344,000 344,000 344,000 344,000 #
#
#
171,000 171,000 171,000 171,000 171,000 171,000 #
143,000 143,000 143,000 143,000 143,000 143,000 #
 129,000 129,000 129,000 129,000 129,000 129,000 #
129,000 129,000 129,000 129,000 129,000 129,000 #
98,000 98,000 98,000 98,000 98,000 98,000 #
#
#
100,000 100,000 100,000 100,000 100,000 100,000 #
244,000 244,000 244,000 244,000 244,000 244,000 #
#
#
100,000 100,000 100,000 100,000 100,000 100,000 #
183,000 183,000 183,000 183,000 183,000 183,000 #
#
#
228,000 228,000 228,000 228,000 228,000 228,000 #
244,000 244,000 244,000 244,000 244,000 244,000 #
#
#
86,000 86,000 86,000 86,000 86,000 86,000 #
122,000 122,000 122,000 122,000 122,000 122,000 #
#
#
114,000 114,000 114,000 114,000 114,000 114,000 #
735,000 735,000 735,000 735,000 735,000 735,000 #
182,000 182,000 182,000 182,000 182,000 182,000 #
217,000 217,000 217,000 217,000 217,000 217,000 #
260,000 260,000 260,000 260,000 260,000 260,000
#
#
22,000 22,000 22,000 22,000 22,000 22,000 #
88,000 88,000 88,000 88,000 88,000 88,000 #
60,000 60,000 60,000 60,000 60,000 60,000 #
#
5,434,000 5,434,000 5,434,000 5,434,000 5,434,000 5,434,000 #
 Skyosiri
Financial Model
Taxation

Sr Particulars
Month ----------------------------------->
1 Effective Month ------------------------>
2 Profit Before Tax (as per books)
3 Add: Depreciation as per Cos Act
4 Less: Depreciation as per IT Act
5 Profit Taxable
6
7 Loss b/f
8 Add: Loss for the year
9 Less: Utilised
10 Loss c/f
11
12 Taxable Profit Tax Rate Surcharge Cess Eff. Tax Rate
13 Tax Rate 22.00% 10.00% 4.00% 25.17%
14 Taxation
15
16
17 Deferred Tax
18 Difference in Depreciation
19
20 DTA / (DTL)
21 Add: Current Year
22 Less: Utilisation
23 Closing DTA / (DTL)
24
25 GST
26 GST on Revenues
27 GST on Expenses
28
29
30 GST Credit Opening
31 Add: Credit for the year
32 Less: Utilised
33 GST Credit Closing
34 GST Payable
 FY23 FY24 FY25 FY26 FY27
Mar-23 Mar-24 Mar-25 Mar-26 Mar-27
12 24 36 48 60
-14,582,248 15,197,797 59,043,523 94,486,515 110,820,092
- 5,467,089 3,590,569 2,663,954 2,139,370
6,899,000 5,455,050 4,236,698 3,294,438 2,611,494
-21,481,248 15,209,837 58,397,394 93,856,031 110,347,968

- 21,481,248 6,271,411 - -
21,481,248 - - - -
- 15,209,837 6,271,411 - -
21,481,248 6,271,411 - - -

- - 52,125,983 93,856,031 110,347,968

25.17% 25.17% 25.17% 25.17% 25.17%
- - 13,119,067 23,621,686 27,772,377

-6,899,000 12,039 -646,129 -630,484 -472,124

-1,736,340 3,030 -162,618 -158,680 -118,824
- -1,736,340 -1,733,310 -1,895,928 -2,054,608
- 3,030 - - -
1,736,340 - 162,618 158,680 118,824
-1,736,340 -1,733,310 -1,895,928 -2,054,608 -2,173,432

5,068,321 18,272,761 35,397,012 53,748,467 73,469,772

1,648,680 3,204,140 5,283,290 8,875,016 15,192,736
3,419,641 15,068,621 30,113,722 44,873,451 58,277,036

- - - - -
- - - - -
- - - - -
 - - - - -
284,970 1,255,718 2,509,477 3,739,454 4,856,420
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
 Skyosiri
Financial Model
Fixed Assets

Sr Particulars
Month ----------------------------------->
1 Effective Month ------------------------>
2
3
4 Furniture & Fixtures
5 Beds 20,000 2 per room
6 Chairs and Tables 20,000 50 tables & chairs
7 Lights and Fittings 1,000 1
8 Total Furniture & Fixtures
9
10 Buildings & Construction
11 Industrial Kitchen 4,000,000
12 Rooms 800,000 1
13 Fencing / Walls 2,500,000
14 Swimming Pool 1,000,000
15 Parking area, Canopy and other construction 1,000,000 1
16 Total Buildings & Construction
17
18 Equipment
19 Kitchen Equipment 2,000,000
20 Air Conditoner 250,000
21 Security Cameras 30,000
22 Total Equipment
23
24 Software
25 In-House Website & App Development
26 Outsourced Website & App Development -
27 Total Software
28 Total Assets
29 IT Act Co Act
30 Furniture & Fixtures 15.00% 25.89%
31 Buildings & Construction 40.00% 63.16%
32 Equipment 30.00% 25.89%
33 Software 25.00% 25.89%
34 Total Assets
35 1 2 3 4
36 IT Act
37
38 Furniture & Fixtures
39 Opening WDV
40 Additions for the year
41 Total Assets
42 Depreciation 15.00%
43 Closing WDV
44
45 Buildings & Construction
46 Opening WDV
47 Additions for the year
48 Total Assets
49 Depreciation 40.00%
50 Closing WDV
51
52 Equipment
53 Opening WDV
54 Additions for the year
55 Total Assets
56 Depreciation 30.00%
57 Closing WDV
58
59 Software
60 Opening WDV
61 Additions for the year
62 Total Assets
63 Depreciation 25.00%
64 Closing WDV
65
66 Total Assets
67 Opening WDV
68 Additions for the year
69 Total Assets
70 Depreciation
71 Closing WDV
72
73 Co Act
74
75 Furniture & Fixtures
76 Opening WDV
77 Additions for the year
78 Total Assets
79 Depreciation 25.89%
80 Closing WDV
81
82 Buildings & Construction
83 Opening WDV
84 Additions for the year
85 Total Assets
86 Depreciation 63.16%
87 Closing WDV
88
89 Equipment
90 Opening WDV
91 Additions for the year
92 Total Assets
93 Depreciation 25.89%
94 Closing WDV
95
96 Software
97 Opening WDV
98 Additions for the year
99 Total Assets
100 Depreciation 25.89%
101 Closing WDV
102
103 Total Assets
104 Opening WDV
105 Additions for the year
106 Total Assets
107 Depreciation
108 Closing WDV
109
110
111
112
113
114
115
116
117
118
119
120
121
 FY23 FY24 FY25 FY26
Mar-23 Mar-24 Mar-25 Mar-26
12 24 36 48

400,000 - - -
les & chairs 1,000,000 - - -
- - - -
1,400,000 - - -

4,000,000 - - -
8,000,000 - - -
2,500,000 - - -
1,000,000 - - -
1,000,000 - - -
12,500,000 - - -

2,000,000 - - -
250,000 - - -
30,000 - - -
2,280,000 - - -

4,020,000 4,176,000 2,406,000 1,554,000

- - - -
4,020,000 4,176,000 2,406,000 1,554,000
20,200,000 4,176,000 2,406,000 1,554,000

1,400,000 - - -
12,500,000 - - -
2,280,000 - - -
4,020,000 4,176,000 2,406,000 1,554,000
20,200,000 4,176,000 2,406,000 1,554,000
5 6 7 8 9 10
 FY23 FY24 FY25 FY26

- 1,190,000 1,011,500 859,775

1,400,000 - - -
1,400,000 1,190,000 1,011,500 859,775
210,000 178,500 151,725 128,966
1,190,000 1,011,500 859,775 730,809

- 7,500,000 4,500,000 2,700,000

12,500,000 - - -
12,500,000 7,500,000 4,500,000 2,700,000
5,000,000 3,000,000 1,800,000 1,080,000
7,500,000 4,500,000 2,700,000 1,620,000

- 1,596,000 1,117,200 782,040

2,280,000 - - -
2,280,000 1,596,000 1,117,200 782,040
684,000 478,800 335,160 234,612
1,596,000 1,117,200 782,040 547,428

- 3,015,000 5,393,250 5,849,438

4,020,000 4,176,000 2,406,000 1,554,000
4,020,000 7,191,000 7,799,250 7,403,438
1,005,000 1,797,750 1,949,813 1,850,859
3,015,000 5,393,250 5,849,438 5,552,578

- 13,301,000 12,021,950 10,191,253

20,200,000 4,176,000 2,406,000 1,554,000
20,200,000 17,477,000 14,427,950 11,745,253
6,899,000 5,455,050 4,236,698 3,294,438
13,301,000 12,021,950 10,191,253 8,450,815

FY23 FY24 FY25 FY26

- 1,037,540 768,921 569,847

1,400,000 - - -
 1,400,000 1,037,540 768,921 569,847
362,460 268,619 199,074 147,533
1,037,540 768,921 569,847 422,314

- 4,605,000 1,696,482 624,984

12,500,000 - - -
12,500,000 4,605,000 1,696,482 624,984
7,895,000 2,908,518 1,071,498 394,740
4,605,000 1,696,482 624,984 230,244

- 1,689,708 1,252,243 928,037

2,280,000 - - -
2,280,000 1,689,708 1,252,243 928,037
590,292 437,465 324,206 240,269
1,689,708 1,252,243 928,037 687,768

- 2,979,222 5,302,735 5,712,944

4,020,000 4,176,000 2,406,000 1,554,000
4,020,000 7,155,222 7,708,735 7,266,944
1,040,778 1,852,487 1,995,791 1,881,412
2,979,222 5,302,735 5,712,944 5,385,532

- 10,311,470 9,020,381 7,835,812

20,200,000 4,176,000 2,406,000 1,554,000
20,200,000 14,487,470 11,426,381 9,389,812
9,888,530 5,467,089 3,590,569 2,663,954
10,311,470 9,020,381 7,835,812 6,725,858
 #
#
#
#
#
FY27 #
Mar-27 #
60 #
#

#
- #
- #
- #
- #
#
#
- #
- #
- #
- #
- #
- #
#
#
- #
- #
- #
- #
#
#
1,206,000 #
- #
1,206,000 #
1,206,000 #
#
- #
- #
- #
1,206,000 #
1,206,000 #
11 #
 FY27 #
#
#
730,809 #
- #
730,809 #
109,621 #
621,187 #
#
#
1,620,000 #
- #
1,620,000 #
648,000 #
972,000 #
#
#
547,428 #
- #
547,428 #
164,228 #
383,200 #
#
#
5,552,578 #
1,206,000 #
6,758,578 #
1,689,645 #
5,068,934 #
#
#
8,450,815 #
1,206,000 #
9,656,815 #
2,611,494 #
7,045,321 #
#
FY27 #
#
#
422,314 #
- #
 422,314 #
109,337 #
312,977 #
#
#
230,244 #
- #
230,244 #
145,422 #
84,822 #
#
#
687,768 #
- #
687,768 #
178,063 #
509,705 #
#
#
5,385,532 #
1,206,000 #
6,591,532 #
1,706,548 #
4,884,984 #
#
#
6,725,858 #
1,206,000 #
7,931,858 #
2,139,370 #
5,792,488 #
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
 Skyosiri
Financial Model
Profit and Loss

Sr Particulars
Month ----------------------------------->
1 Effective Month ------------------------>
2 Revenues
3 Revenue from Café
4 Revenue from Corporate Events
5 Revenue from Agro Tourism
6 Revenue from Rooms on rent
7 Revenue from Membership
8
9 Direct Expenses
10 Café Expenses
11 Corporate Event Expenses
12 Agro Tourism Expenses
13 Rooms Expenses
14 Membership Expenses
15
16 Gross Profit
17
18 Expenses
19 Administration Expenses
20 Marketing Expenses
21 Salaries
22 Preliminary Expenses
23
24
25 EBITDA
26
27
28 Depreciation
29 Finance Costs
30
31 PBT
32
33
34 Current Year Tax
35 Deferred Tax
36 PAT
37
 FY23 FY24 FY25 FY26
Mar-23 Mar-24 Mar-25 Mar-26
12 24 36 48

7,926,159 17,455,104 26,088,570 38,097,788

13,412,297 49,713,367 92,011,910 140,119,878
5,772,000 11,172,000 14,756,000 18,820,000
6,482,000 12,902,000 17,258,000 20,400,000
2,450,000 27,180,000 71,130,000 115,480,000
36,042,456 118,422,471 221,244,480 332,917,666

4,755,696 10,473,064 15,653,142 22,858,670

8,047,379 29,828,020 55,207,146 84,071,927
3,174,600 6,144,600 8,115,800 10,351,000
4,213,300 8,386,300 11,217,700 13,260,000
- - - -
20,190,975 54,831,984 90,193,788 130,541,597
15,851,482 63,590,487 131,050,692 202,376,069

5,055,200 9,743,600 13,706,600 18,911,200

6,000,000 11,916,000 21,078,000 37,784,400
9,490,000 21,266,000 33,632,000 48,530,000
- - - -
20,545,200 42,925,600 68,416,600 105,225,600

-4,693,718 20,664,887 62,634,092 97,150,469

9,888,530 5,467,089 3,590,569 2,663,954

- - - -

-14,582,248 15,197,797 59,043,523 94,486,515

 - - 13,119,067 23,621,686
1,736,340 -3,030 162,618 158,680
-16,318,589 15,200,828 45,761,838 70,706,149
-103% 24% 35% 35%
 #
#
#
#
#
FY27 #
Mar-27 #
60 #
#
54,672,588 #
206,974,569 #
23,364,000 #
22,200,000 #
147,840,000 #
455,051,157 #
#
32,803,553 #
124,184,741 #
12,850,200 #
14,430,000 #
- #
184,268,494 #
270,782,662 #
#
#
25,502,000 #
68,527,200 #
63,794,000 #
- #
157,823,200 #
#
112,959,462 #
#
#
2,139,370 #
- #
#
110,820,092 #
#
 #
27,772,377 #
118,824 #
82,928,892 #
31% #
 Skyosiri
Financial Model
Schedule

Sr Particulars
Month ----------------------------------->
1 Effective Month ------------------------>
2 Shareholder's Capital (Equity)
3 Opening
4 Promoter Infusion
5 Investor Infusion
6 Closing
7
8 Reserves & Surplus
9 Opening
10 Addition
11 Utilisation
12 Closing
13
14 Loans
15 Opening
16 Addition
17 Repayment
18 Closing
19 Interest 9.00%
20
21 Payables
22 Salaries Payables
23 Credit Days
24
25 Expenses Payable
26 Credit Days
27
28 Current Assets
29 Trade Receivable
30 Credit Days
31
32 Deposits -
33 Contingencies 2.00%
34 Total Amount
35
36 Preliminary Expenses
37 Marketing Expenses
38 Salaries
39 Registrations
40 Tech Development
41 Total Spend
42 Opening
43 Add: Spends
44 Less: Amortised
45 Closing
 #
#
#
#
2,438,352 21,283,087 72,360,670 149,841,630 237,974,982 #
FY23 FY24 FY25 FY26 FY27 #
Mar-23 Mar-24 Mar-25 Mar-26 Mar-27 #
12 24 36 48 60 #
#
- 26,000,000 26,000,000 26,000,000 26,000,000 #
1,000,000 - - - #
25,000,000 - - - #
26,000,000 26,000,000 26,000,000 26,000,000 26,000,000 #
#
#
- -16,318,589 -1,117,761 44,644,077 115,350,226 #
-16,318,589 15,200,828 45,761,838 70,706,149 82,928,892 #
- - - - - #
-16,318,589 -1,117,761 44,644,077 115,350,226 198,279,118 #
#
#
- - - - - #
- - - - - #
- - - - - #
- - - - - #
- - - - - #
#
#
1,125,800 2,120,200 4,504,800 8,347,300 10,833,300 #
30 30 45 60 60 #
#
421,300 812,000 1,142,200 1,575,900 2,125,200 #
30 30 30 30 30 #
#
#
- - - - - #
- - - - - #
#
- - - - - #
500,000 500,000 500,000 500,000 500,000 #
500,000 500,000 500,000 500,000 500,000 #
#
#
- - - - - #
- - - - - #
- - - - - #
- - - - - #
- - - - - #
- - - - - #
- - - - - #
- - - - - #
- - - - - #
 Skyosiri
Financial Model
Balance Sheet

Sr Particulars
Month ----------------------------------->
1 Effective Month ------------------------>
2 Shareholder's Funds
3 Equity
4 Reserves and Surplus
5 Net Worth
6
7 Non-Current Liabilities
8 Loans
9 Deferred Tax Liabilities
10
11
12 Current Liabilities
13 Trade Payables
14 Expenses Payable
15 GST Payable
16
TOTAL LIABILITIES
17 Total Equity & Liability
18
19 Non Current Assets
20 Fixed Assets
21 Deferred Tax Assets
22
23
24 Current Assets
25 Trade Receivable
26 Preliminary Expenses
27 Other Assets
28 GST Credit
29 Cash & Bank Balance
30
31 TOTAL ASSETS
 #
#
#
#
#
FY23 FY24 FY25 FY26 FY27 #
Mar-23 Mar-24 Mar-25 Mar-26 Mar-27 #
12 24 36 48 60 #
#
26,000,000 26,000,000 26,000,000 26,000,000 26,000,000 #
-16,318,589 -1,117,761 44,644,077 115,350,226 198,279,118 #
9,681,411 24,882,239 70,644,077 141,350,226 224,279,118 #
#
#
- - - - - #
1,736,340 1,733,310 1,895,928 2,054,608 2,173,432 #
1,736,340 1,733,310 1,895,928 2,054,608 2,173,432 #
#
#
1,125,800 2,120,200 4,504,800 8,347,300 10,833,300 #
421,300 812,000 1,142,200 1,575,900 2,125,200 #
284,970 1,255,718 2,509,477 3,739,454 4,856,420 #
1,832,070 4,187,918 8,156,477 13,662,654 17,814,920 #
3,568,410 5,921,229 10,052,405 15,717,262 19,988,352
13,249,822 30,803,468 80,696,482 157,067,488 244,267,469 #
#
#
10,311,470 9,020,381 7,835,812 6,725,858 5,792,488 #
- - - - - #
10,311,470 9,020,381 7,835,812 6,725,858 5,792,488 #
#
#
- - - - - #
- - - - - #
500,000 500,000 500,000 500,000 500,000 #
- - - - - #
2,438,352 21,283,087 72,360,670 149,841,630 237,974,982 #
2,938,352 21,783,087 72,860,670 150,341,630 238,474,982 #
13,249,822 30,803,468 80,696,482 157,067,488 244,267,469 #
- - - - - #
 Skyosiri
Financial Model
Cashflow Statement

Sr Particulars
Month ----------------------------------->
1 Effective Month ------------------------>
2 PAT
3 Add: Depreciation
4 Add: Finance Costs
5 Add: Taxes
6 EBITDA
7
8 Changes in WC
9 Trade Receivable
10 Preliminary Expenses
11 Other Assets
12 GST Credit
13 Trade Payables
14 Expenses Payable
10 GST Payable
11
12 Less: Taxes Paid
13 CFO
14
15
16 Fixed Assets
17 CFI
18
19
20 Equity
21 Debt
22 Finance Costs
23 CFF
24
25 Net Cash Flow for the year
26 Opening Cash Balance
27 Closing Cash Balance
 #
#
#
#
#
FY23 FY24 FY25 FY26 FY27 #
Mar-23 Mar-24 Mar-25 Mar-26 Mar-27 #
12 24 36 48 60 #
-16,318,589 15,200,828 45,761,838 70,706,149 82,928,892 #
9,888,530 5,467,089 3,590,569 2,663,954 2,139,370 #
- - - - - #
1,736,340 -3,030 13,281,685 23,780,366 27,891,201 #
-4,693,718 20,664,887 62,634,092 97,150,469 112,959,462 #
#
#
- - - - - #
- - - - - #
-500,000 - - - - #
- - - - - #
1,125,800 994,400 2,384,600 3,842,500 2,486,000 #
421,300 390,700 330,200 433,700 549,300 #
284,970 970,748 1,253,758 1,229,977 1,116,965 #
1,332,070 2,355,848 3,968,558 5,506,177 4,152,265 #
- - -13,119,067 -23,621,686 -27,772,377 #
-3,361,648 23,020,735 53,483,583 79,034,961 89,339,351 #
#
#
-20,200,000 -4,176,000 -2,406,000 -1,554,000 -1,206,000 #
-20,200,000 -4,176,000 -2,406,000 -1,554,000 -1,206,000 #
#
#
26,000,000 - - - - #
- - - - - #
- - - - - #
26,000,000 - - - - #
#
2,438,352 18,844,735 51,077,583 77,480,961 88,133,351 #
- 2,438,352 21,283,087 72,360,670 149,841,630 #
- 2,438,352 21,283,087 72,360,670 149,841,630 237,974,982 #
 Skyosiri
Financial Model
Valuation

Sr Particulars
Month ----------------------------------->
1 Effective Month ------------------------>
2
3 EBITDA
4 CFI
5 Changes in WC + tax
6 FCFF
7
8 Discounting Factor
9 Discounted FCFF
10 Terminal Value
11
12 Discounted Terminal Value
13 Value of Firm
14 Add: Cash / Bank
15 Less: Debt
16 Value of Equity
17 Promoter Infusion
18 Investor Amount
19 % Stake
 FY23 FY24 FY25 FY26 FY27
Mar-23 Mar-24 Mar-25 Mar-26 Mar-27
12 24 36 48 60

-4,693,718 20,664,887 62,634,092 97,150,469 112,959,462

-20,200,000 -4,176,000 -2,406,000 -1,554,000 -1,206,000
1,332,070 2,355,848 17,087,626 29,127,863 31,924,642
-23,561,648 18,844,735 77,315,717 124,724,333 143,678,104

1.00 0.71 0.51 0.36 0.26 0.19

-16,816,536 9,599,570 28,109,971 32,364,929 26,610,003
384,549,112

71,220,685
151,088,622
-
-
151,088,622
1,000,000
25,000,000
16.55%
#
#
#
#
#
#
#
# Particulars Data
# Risk Free Rate 5.50%
# Industry Beta 1.70 from NYU Stern's data set, ratios on Beta, India
# Market Rate 11.74% from NYU Stern's data set, Country Risk Premium
# Industry Return 16.11%
# Company Premium 24.00%
# Cost of Equity (ke) 40.11% 9,681,411
# Cost of Debt (kd) 9.00% -
# WACC 40.11%
# Growth Rate 2.00%
 Skyosiri
Financial Model
Ratios

Sr Particulars
1 Profitability Ratio
2 EBITDA%
3 PBT%
4 PAT%
5 CFO%
6
7 Liquidity Ratios
8 Current Ratios
9 Quick Ratio
10
11 Turnover Ratios
12 Fixed Asset Turnover Ratio
13 Capital Turnover Ratio
14 Inventory Turnover Ratio
15 Receivables Turnover Ratio
16 Payables Turnover Ratio
17
18 Inventory Days
19 Receivables Days
20 Payables Days
21
 #
#
#
#
#
FY23 FY24 FY25 FY26 FY27 #
#
-13.02% 17.45% 28.31% 29.18% 24.82% #
-40.46% 12.83% 26.69% 28.38% 24.35% #
-45.28% 12.84% 20.68% 21.24% 18.22% #
-9.33% 19.44% 24.17% 23.74% 19.63% #
#
#
1.60 5.20 8.93 11.00 13.39 #
1.60 5.20 8.93 11.00 13.39 #
#
#
3.50 13.13 28.24 49.50 78.56 #
3.72 4.76 3.13 2.36 2.03 #
- - - - - #
- - - - - #
32.01 55.85 49.11 39.88 42.00 #
#
- - - - - #
- - - - - #
11 7 7 9 9 #
#
 Skyosiri
Financial Model
Graphs

Sr Revenues & Profitability FY23 FY24 FY25

1 Revenues 3.60 11.84 22.12
2 EBITDA -0.47 2.07 6.26
3 PAT -1.63 1.52 4.58
4 CFO -0.34 2.30 5.35
5 EBITDA% -13.02% 17.45% 28.31%
6 PAT% -45.28% 12.84% 20.68%
7 CFO% -9.33% 19.44% 24.17%
8
Sr Profit Taxable FY23 FY24 FY25
9 Net Worth 0.97 2.49 7.06
10 PAT -1.63 1.52 4.58
11 ROE -168.56% 61.09% 64.78%
12
13 End Use
14 Marketing Expenses 21.3% 17,916,000
15 Team Salaries 36.5% 30,756,000
16 Administrative Expenses 17.6% 14,798,800
17 Working Capital -4.4% -3,687,918
18 Fixed Assets 29.0% 24,376,000
19 Total 100.0% 84,158,882
 #
#
#
#
#
FY26 FY27 #
33.29 45.51 # Revenues & Profitability

₹ in Crores
9.72 11.30 # 50.00 40.00%
7.07 8.29 #
7.90 8.93 # 30.00%
40.00
29.18% 24.82% #
20.00%
21.24% 18.22% #
23.74% 19.63% # 30.00 10.00%

#
0.00%
FY26 FY27 # 20.00
14.14 22.43 # -10.00%
7.07 8.29 #
10.00 -20.00%
50.02% 36.98% #
# -30.00%
-
FY23 FY24 FY25 FY26 FY27
-40.00%

(10.00) -50.00%

End Use of Funds

21.3%
29.0%

-4.4%

36.5%
17.6%

Marketing Expenses Team Salaries

Administrative Expenses Working Capital
Fixed Assets
Marketing Expenses Team Salaries
Administrative Expenses Working Capital
Fixed Assets
 PAT, Net Worth, ROE
₹ in Crores

40.00% 25.00 100.00%

30.00%
20.00 50.00%
20.00%

10.00% 15.00 0.00%

0.00%
10.00 -50.00%
-10.00%

-20.00% 5.00 -100.00%

-30.00%
- -150.00%
FY27 FY23 FY24 FY25 FY26 FY27
-40.00%

-50.00% (5.00) -200.00%

.5%

es
pital
es
pital
 VALUATION REPORT
FOR

Skyosiri
AS ON
05/May/2023

Prepared By:
BizExpress Advisors Private Limited
205, Raja Industrial Estate, PK Road,
Sarvodaya Nagar, Behind D-Mart,
Mulund West, Mumbai - 400080.
[email protected]
www.bizexpress.in
 +91 99672 40255
[email protected]
www.bizexpressin

205, Raja Industrial Estate, PK Road, Sarvodaya Nagar, Mulund West, Mumbai - 400080.

Important Notice:

We, BizExpress Advisors Private Limited (BAPL) have been mandated by Skyosiri (hereinafter-called “The
Company”) to prepare financial projections and to get a fair value of Skyosiri.

The report is prepared on the basis of data shared by the Company and its employees, the representations made by
the promoters and the management, data available to the market as a whole. The financial projections represent, to
the best of knowledge and judgment Skyosiri expected financial position, results of operations and cash flow
situation for the projected period. These projections are subject to changes in economic conditions, legislation and
other force-majeure circumstances and is subject to interpretations.

BizExpress Advisors Private Limited have not independently verified the information contained in this report and
the work performed by BizExpress Advisors Private Limited is not in the nature of audit or due-diligence. Neither
BizExpress Advisors Private Limited nor any of the directors, employees or advisors make any expressed or
implied representation or warranty and no responsibility or liability is accepted by any of them with respect to the
estimates or forecasts set forth in this report or the underlying assumptions on which they are based or any credit
or investment decision taken on the basis of this report. The investors are requested to also make independent
evaluation and conduct thorough due diligence of the investee / the Company. This report cannot be construed to
be a promise or confirmation of future performance or the Company or any part thereof.

This report is furnished on strictly confidential basis and is for the sole use of the person/company to whom it is
addressed. Neither this report, nor the information contained herein, may be reproduced or passed to any person or
used for any other purpose.

Intentionally Left Blank

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Executive Summary

Company Skyosiri

Registered Address

BAPL issued the valuation report. This report is subject to

Report Summarised
Statement of limiting conditions contained in the report.

Business Activity

Purpose of Valuation Issue of New Shares

Method/s of Valuation Discounted Cash Flow & Venture Capital

Projections Horizon 5 Financial Years

Premise of Value Valuation is based on the premise of Going Concern

Date of Valuation 05/May/2023

Pre Money Valuation ₹ 166.67 Crores

Post Money Valuation ₹ 169.17 Crores

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Source of Information

The following sources of information were used in preparing the report / valuation:

1. We conducted interviews with the Company’s management and employees.

2. Information on Business and Profile as provided by the Company

3. National, regional and local economic data as available on official government websites and other trusted
websites and sources.

4. Other business data was compiled from the following sources:

a. Management Representation
b. Acclaimed and published Industry Reports
c. Government and Reputed Websites
d. Limited review data as made available by the Company for the on-going Financial Year
e. Any other data made available to BAPL or as cited in this report

5. We have analysed the financial statements and tax records of the Company over the last 5 Financial
Years, as provided by the Company, to estimate the current performance and outlook for the projected
years.

6. Such other information and explanation as may be required by us and provided by the management. We
have also placed reliance on the verbal explanations and information given to us by the promoters, senior
executives and professionals of the company.

Please note: This list is not an exhaustive list of sources and only mentions a few important sources.

Intentionally Left Blank

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Company Profile

Skyosiri was incorporated as a registered company having its registerted address at .

Skyosiri is involved in the business of

Capital Structure:

Particulars Conv. Ratio As on 05/May/23

Authorised Capital
Equity Shares of ₹10 x 10,000 shares 100,000
Preference Shares of ₹10 x 0 shares -
Total Authorised Capital 100,000

Paid-up Capital
Equity Shares of ₹10 x 10,000 shares 100,000
Preference Shares of ₹10 x 0 shares -
Total Paid-up Capital 100,000

Diluted No of Shares = 10000

Directors' Profiles:
Sr Name DIN Designation
1 Director
2 Director
3 Director
4 Director
5 Director
6 Director

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Industry Overview

Broad Industry E-Commerce

Sub Category Organic Agriculture

Estimated Revenues –
Funds Raised –
Investors –

Estimated Revenues –
Competitors Funds Raised –
Investors –

Estimated Revenues –
Funds Raised –
Investors –

Intentionally Left Blank

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205, Raja Industrial Estate, PK Road, Sarvodaya Nagar, Mulund West, Mumbai - 400080.

Valuation Methods

At BAPL, we value a company as per the Income based (DCF) and Venture Capital method

Income Based Valuation (DCF)

Under DCF approach, the future free cash flows of the business are discounted to the valuation date to arrive at the
present value of the cash flows of the business or capitalized using a discount rate depending on the capital
structure of the company. This approach also takes into account the value of the business in perpetuity by the
calculation of terminal value using the exit multiple method or the perpetuity growth method, whichever is
appropriate.

PV Formula:

Venture Capital Method

Venture Capital Method is a business valuation approach that combines elements of both a multiples-based
valuation and a discounted cash flow valuation approach. This approach calucates the multiple at the time of exit
and discounts it to the present value with a desired rate of return.

VC Formula:

ROI = terminal value / post-money valuation;

Post-money valuation = terminal value / anticipated ROI

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205, Raja Industrial Estate, PK Road, Sarvodaya Nagar, Mulund West, Mumbai - 400080.

Asset Based Valuation (Net Assets)

Under the Asset based valuation method, the value of the company is derived by the difference between the total
assets and total liabilities. As the Company does not have much asset-based activity, we do not advise this
valuation method.

Hence, this method was not used to value the company.

Market Based Valuation Method

The market-based valuation is derived by comparison to similar businesses that have actually sold or raised
investments. However, as the valuation or details of purchase are not available in the market, we cannot carry-out
a market-based valuation of the Company.

Hence, this method was not used to value the company.

Capitalisation of Earnings Method

Capitalization of Earnings is an income valuation approach that determines the value by taking into consideration
the current cash flow, the annual rate of return, and the expected value of the business. This method is calculated
by finding the net present value (NPV) of expected future profits and dividing them with the capitalisation rate.
However, this method is accurate only when the company is expected to have stable margins and growth.

Hence, this method is not used to value the company.

Hence, this method is not used to value the company.

Intentionally Left Blank

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+ Annual Compliance + Income Tax Advisory + ESOP Advisory
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+91 99672 40255

[email protected]
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205, Raja Industrial Estate, PK Road, Sarvodaya Nagar, Mulund West, Mumbai - 400080.

Valuation

The valuation of Skyosiri is as follows :

Income Based Valuation (DCF)

For calulating the valuation as per DCF method we have prepared projections for 5 Financial Years for Skyosiri.
Using the projections, the future free cashflows are discounted to get the present value of free cash flows.

Calculations

Profit and Loss Statement

In Crores
Particulars Y1 Y2 Y3 Y4 Y5

Revenue
Net Revenue 3.60 11.84 22.12 33.29 45.51

Expenses

Administration Expenses 0.51 0.97 1.37 1.89 2.55

Marketing & Selling Expenses 0.60 1.19 2.11 3.78 6.85
Salaries 0.95 2.13 3.36 4.85 6.38
Preliminary Expenses - - - - -
Total Expenses 2.05 4.29 6.84 10.52 15.78

EBITDA -0.47 2.07 6.26 9.72 11.30

Depreciation 0.99 0.55 0.36 0.27 0.21

Finance Cost - - - - -

PBT -1.46 1.52 5.90 9.45 11.08

Less: Taxes
Current Tax - - 1.31 2.36 2.78
Deferred Tax 0.17 -0.00 0.02 0.02 0.01

PAT -1.63 1.52 4.58 7.07 8.29

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205, Raja Industrial Estate, PK Road, Sarvodaya Nagar, Mulund West, Mumbai - 400080.

Balance Sheet
In Crores
Particulars Y1 Y2 Y3 Y4 Y5
Shareholder's Funds
Equity 2.60 2.60 2.60 2.60 2.60
Reserves & Surplus -1.63 -0.11 4.46 11.54 19.83
Total Equity 0.97 2.49 7.06 14.14 22.43

Non-Current Liabilities
Long-term Liabilities - - - - -
Deferred Tax Liabilities 0.17 0.17 0.19 0.21 0.22
Total Non-Current Liabilities 0.17 0.17 0.19 0.21 0.22

Current Liabilities
Trade Payables 0.11 0.21 0.45 0.83 1.08
Expenses Payables 0.04 0.08 0.11 0.16 0.21
GST Payable 0.03 0.13 0.25 0.37 0.49
Other Liabilites
Provision for Taxes
Total Current Liabilities 0.18 0.42 0.82 1.37 1.78

Total Liabilites 0.36 0.59 1.01 1.57 2.00

Total Equity and Liabilities 1.32 3.08 8.07 15.71 24.43
Non-Current Assets
Fixed Assets 1.03 0.90 0.78 0.67 0.58
Investment
Deferred Tax Asset - - - - -
Total Non-Current Assets 1.03 0.90 0.78 0.67 0.58

Current Assets
Trade Receivables - - - - -
Preliminary Expenses - - - - -
Other Current Assets 0.05 0.05 0.05 0.05 0.05
GST Credit - - - - -
Cash and Bank 0.24 2.13 7.24 14.98 23.80
Total Current Assets 0.29 2.18 7.29 15.03 23.85

Total Assets 1.32 3.08 8.07 15.71 24.43

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Cash Flow Statement

In Crores
Particulars Y1 Y2 Y3 Y4 Y5

Cash Flow from Operations

PAT (Profit After Tax) -1.63 1.52 4.58 7.07 8.29
Add:
Depreciation 0.99 0.55 0.36 0.27 0.21
Interest - - - - -
Taxes 0.17 -0.00 1.33 2.38 2.79
EBITDA -0.47 2.07 6.26 9.72 11.30
Working Capital Changes
Trade Receivables - - - - -
GST Credit - - - - -
Preliminary Expenses - - - - -
Other Current Assets -0.05 - - - -
Trade Payables 0.11 0.10 0.24 0.38 0.25
Expenses Payable 0.04 0.04 0.03 0.04 0.05
GST Payable 0.03 0.10 0.13 0.12 0.11
Other Liabilities
Total WC Changes 0.13 0.24 0.40 0.55 0.42
Less: Taxes - - -1.31 -2.36 -2.78

Cash Flow from Operations -0.34 2.30 5.35 7.90 8.93

Cash Flow from Investing

Fixed Assets -2.02 -0.42 -0.24 -0.16 -0.12
Investment

Cash Flow from Investing -2.02 -0.42 -0.24 -0.16 -0.12

Cash Flow from Financing

Equity 2.60 - - - -
Debt - - - - -
Finance Cost - - - - -

Cash Flow from Financing 2.60 - - - -

Total Cash Flow 0.24 1.88 5.11 7.75 8.81

Opening Cash Flow - 0.24 2.13 7.24 14.98
Closing Cash Flow 0.24 2.13 7.24 14.98 23.80

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205, Raja Industrial Estate, PK Road, Sarvodaya Nagar, Mulund West, Mumbai - 400080.

DCF Valuation
In Crores
Particulars Y1 Y2 Y3 Y4 Y5

EBITDA -0.47 2.07 6.26 9.72 11.30

CFI -2.02 -0.42 -0.24 -0.16 -0.12
Changes in WC + tax 0.13 0.24 1.71 2.91 3.19
FCFF -2.36 1.88 7.73 12.47 14.37

Discounting Factor 0.71 0.51 0.36 0.26 0.19

Terminal Value 38.45

PV of Free Cash Flow to Equity -1.68 0.96 2.81 3.24 2.66

PV of Terminal Value 7.12

Particulars Y0
 Value of the Firm 15.11
Less: Debt -
Add: Cash -
Equity Value 15.11
Promoter's Infusion 0.10
Investor's Infusion 2.50
Stake Sale 16.55%

Based on the following discount rate:

Particulars Rate
Risk Free Rate 5.50%
Beta* 1.70
Market Return* 11.74%
Industry Rate of Return 16.11%
Company Premium 24.00% Weights
Cost of Equity 40.11% 0.97
Cost of Debt 9.00% -
WACC 40.11%
Terminal Growth Rate 2.00%

* From NYU Stern Data Set: Link

Thus, from the above projections we can conclude that the value of Skyosiri as on today as per the DCF model
comes to ₹ 15.11 Crores approximately.

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205, Raja Industrial Estate, PK Road, Sarvodaya Nagar, Mulund West, Mumbai - 400080.

Venture Capital Method

Exit year 5 years

Multiple Selected Price / Sales
Discounting Rate 30%

Particulars Value after 5 years

Sales 45.51
PAT 8.29
EBITDA 11.30
Cash 23.80
Debt -
 Particulars
Multiple Assumed* 1.20
Exit Valuation in 5 years 54.61
Discount Factor 0.27
Equity Value Today 323.23

* From NYU Stern Data Set: Link

In Crores
1,400.00

1,200.00

1,000.00

800.00

600.00

400.00

200.00

-
Y0 Y1 Y2 Y3 Y4 Y5

Thus, from the above projections we can conclude that the value of Skyosiri as on today as per the Venture Capital
model comes to ₹ 323.23 Crores approximately.

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205, Raja Industrial Estate, PK Road, Sarvodaya Nagar, Mulund West, Mumbai - 400080.

Asset Based Valuation (Net Assets)

Asset based method of valuation is derived by the difference between total assets and total liabilities. As the
Company has its operations on an asset light model, we are of the opinion that the Company should not be valued
based on the Net Assets as it will provide a negative bias, undervaluing the Company.

We have therefore not conducted the valuation based on the above method.
Market Based Valuation Method

The market-based valuation is derived by comparison of the similar businesses that have issued their shares to
investors.

As discussed above, there are very few companies that are comparable to .The market approach excels when
abundant data is available on comparable transaction. As most of these companies do not have published data, we
therefore do not consider market multiple as a suitable method od valuation for the company.

Capitalisation of Earnings Method

Capitalization of Earnings is an income valuation approach that determines the value by taking into consideration
the current cash flow, the annual rate of return, and the expected value of the business. This method is calculated
by finding the net present value (NPV) of expected future profits and dividing them with the capitalisation rate.

However, this method is accurate only when the company is expected to have stable margins and growth. As
startups have unstable growth and margins, we do not consider capitalisation of earnings method for valuation.

Intentionally Left Blank

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205, Raja Industrial Estate, PK Road, Sarvodaya Nagar, Mulund West, Mumbai - 400080.

Conclusion

Valuation Method Value Weights

Discounted Cash Flow 15.11 50%

Venture Capital 323.23 50%
 Value as on 05/May/23 169.17

Thus, from the above projections we can conclude that the value of Skyosiri as on today as per the DCF and
Venture Capital method comes to

The paid-up capital in the company is ₹ 169.17 Crores

Value per Equity Share (Diluted) is ₹ 0.02 Crores

~~~

Prepared By:
BizExpress Advisors Private Limited
205, Raja Industrial Estate, PK Road,
Sarvodaya Nagar, Behind D-Mart,
Mulund West, Mumbai - 400080.
[email protected]
www.bizexpress.in

+ Start a Business + Start-up India Registration + Loans

+ Annual Compliance + Income Tax Advisory + ESOP Advisory
+ Investor Pitch Deck + Goods & Service Tax + ROC Compliances
(GST)