Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 116

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 5
Chunk 116
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 increased by approximately $0.7 million, or 29.5%, from $2.3 million for the year ended March 31, 2023 to
$3.0 million for the year ended March 31, 2024. Profit margin increased from approximately 60.0% in the year ended March 31,
2023 to 66.5% in the year ended March 31, 2024. The increase in gross profit margin in the year ended March 31, 2024 was mainly attributable
to an increase in the provision of IPO sponsorship services and underwriting and placing services while such services are provided by
our in-house employees and their salaries, which are a core part of our cost of revenue, remained relatively stable.

General
and administrative expenses

General and administrative expenses were
approximately 32.7%, 19.6% and 23.0% of total sales in the year ended March 31, 2025, March 31, 2024 and the year ended March 31,
2023 respectively. General and administrative expenses are mainly management and office salaries and employee benefits, depreciation
of office equipment and leasehold improvement, operating lease cost, transportation and entertainment and other office
expenses. Our general and administrative expenses increased by approximately $0.5 million, or 59.9% from $0.9 million for the
year ended March 31, 2024 to $1.4 million for the year ended March 31, 2025. The increase in general and administrative expenses was
mainly attributable to the increase in audit fee by $0.3 million for the year ended March
31, 2025. Our general and administrative expenses remained stable at approximately $0.9 million for both the years ended March
31, 2024 and 2023.

Other
income

Government
subsidies

Our government subsidies were subsidiaries received
from the Hong Kong government as reimbursements of maternity leave pay and relief measures against COVID-19 during the years ended
March 31, 2025 and 2023, respectively. No similar government subsidies were received during the year ended March 31, 2024.

Interest
income

Our
interest income mainly comprised bank interest income. Interest income increased by $89, or 0.96%, from $9,261 for the year ended March
31, 2024 to $9,350 for the year ended March 31, 2025,