Company: GRAN
Filing Date: 2025-04-09
Form Type: F-1/A
Source: 0001213900-25-030179
Chunk: 139

Company: Grande Group Ltd/HK
Filing Date: 2025-04-09
Form: F-1/A
Chunk 139
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 in interest rate and increase in bank balance. Income tax expense (benefit) We and our subsidiaries are subject to income tax on an entity basis on profit arising in or derived from the jurisdiction in which the Company and its subsidiaries are domiciled or operate. Income tax expense is comprised mainly of Hong Kong income tax. We recorded income tax expense of $97,248 for the six months ended September 30, 2024, compared to income tax benefit of $29,001 for the six months ended September 30, 2023. Such change was attributable to the change from net loss before provision for income taxes to net income before provision for income taxes in the corresponding periods. The effective tax rates are at 9.68% for the six months ended September 30, 2023 and 18.01% for the six months ended September 30, 2024, respectively. Net income We recorded net income of $0.4 million for the six months ended September 30, 2024, compared to net loss of $0.3 million for the six months ended September 30, 2023. Such improvement was attributable to the increase in revenue and gross margin, and the decrease in general and administrative expense. 73

Comparison of Years Ended March 31, 2024 and 2023 The following table sets forth the consolidated results of our operations for the years ended March 31, 2024 and 2023, respectively:

|                                                        |     |   |       2024 |     |   |       2023 |
|:-------------------------------------------------------|:----|:--|-----------:|:----|:--|-----------:|
| Revenue                                                |     | $ |  4,529,196 |     | $ |  3,870,967 |
| Cost of revenue                                        |     |   |  1,519,277 |     |   |  1,547,218 |
| Gross profit                                           |     |   |  3,009,919 |     |   |  2,323,749 |
| General and administrative expenses                    |     |   |    887,036 |     |   |    891,614 |
| Total operating expenses                               |     |   |    887,036 |     |   |    891,614 |
| Operating income                                       |     |   |  2,122,883 |     |   |  1,432,135 |
|