XML 29 R4.htm IDEA: XBRL DOCUMENT v3.24.3
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Income Statement [Abstract]    
Revenue, net $ 72,509 $ 53,099
Cost of revenue 50,868 39,442
Gross profit 21,641 13,657
Operating expenses    
Selling, general & administrative expenses 18,654 11,326
Total operating expenses 18,654 11,326
Income from operations 2,987 2,331
Other income/ (expense)    
Change in fair value of forward purchase agreement put option liability 14,765
Change in fair value of derivative warrant liabilities 1,402
Interest income 275 191
Interest expense (462) (185)
Other income/(expense), net 160 429
Total other income/(expense), net 16,140 435
Income before income taxes 19,127 2,766
Income tax expense (1,871) (1,060)
Net income 17,256 1,706
Less: Net income attributable to noncontrolling interests 202 260
Less: Net income attributable to redeemable noncontrolling interests 1,397
Net income attributable to shareholders’ of Aeries Technology, Inc. $ 15,657 $ 1,446
Weighted average shares outstanding of Class A ordinary shares, basic and diluted [1] 15,532,382  
Basic net income per Class A ordinary share [1] $ 0.91  
Diluted net income per Class A ordinary share [1] $ 0.91  
[1] For the year ended March 31, 2024, net income per Class A ordinary share and weighted average Class A ordinary shares outstanding is representative of the period from November 6, 2023 through March 31, 2024, the period following the Business Combination, as defined in Note 1. For more information refer to Note 21