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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Mar. 31, 2024
Mar. 31, 2023
Income Statement [Abstract]        
Revenue, net $ 16,667 $ 16,330 $ 72,509 $ 53,099
Cost of revenue 12,657 11,883 50,868 39,442
Gross profit 4,010 4,447 21,641 13,657
Operating expenses        
Selling, general & administrative expenses 20,430 3,670 18,654 11,326
Total operating expenses 20,430 3,670 18,654 11,326
Income from operations (16,420) 777 2,987 2,331
Other income/ (expense)        
Change in fair value of forward purchase agreement put option liability (696) 14,765
Change in fair value of derivative warrant liabilities 757 1,402
Interest income 79 64 275 191
Interest expense (147) (123) (462) (185)
Other income/(expense), net 19 (6) 160 429
Total other income/(expense), net 12 (65) 16,140 435
Income/(loss) before income taxes (16,408) 712 19,127 2,766
Income tax expense 1,091 (218) (1,871) (1,060)
Net income / (loss) (15,317) 494 17,256 1,706
Less: Net income attributable to noncontrolling interests (506) 73 202 260
Less: Net income attributable to redeemable noncontrolling interests 10 1,397
Net income / (loss) attributable to shareholders’ of Aeries Technology, Inc. $ (14,821) $ 421 $ 15,657 $ 1,446
Weighted average shares outstanding of Class A ordinary shares, basic and diluted 37,852,036 [1]   15,532,382 [2]  
Basic net income per Class A ordinary share [2]     $ 0.91  
Diluted net income per Class A ordinary share $ (0.39) [1]   $ 0.91 [2]  
[1] Net loss per Class A ordinary share and weighted average Class A ordinary shares outstanding is not presented for the periods prior to the Business Combination, as defined in Note 1. For more information refer to Note 14.
[2] 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