Ion Exchange (India) Limited (BOM: 500214)

Ion Exchange (India) Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Operating Revenue	25,477	23,478	19,896	15,769	14,495	14,798
Revenue	25,477	23,478	19,896	15,769	14,495	14,798
Revenue Growth (YoY)	17.31%	18.01%	26.17%	8.79%	-2.05%	27.32%
Cost of Revenue	16,058	14,784	12,552	9,563	8,999	9,750
Gross Profit	9,419	8,694	7,344	6,205	5,496	5,049
Selling, General & Admin	3,436	3,192	2,528	2,106	1,820	1,950
Other Operating Expenses	2,948	2,702	2,211	1,925	1,601	1,704
Operating Expenses	6,831	6,290	5,063	4,338	3,710	3,917
Operating Income	2,588	2,404	2,280	1,867	1,786	1,132
Interest Expense	-111.89	-102.49	-77.21	-87.13	-109.37	-143.52
Interest & Investment Income	345.39	345.39	281.8	221.73	242.18	220.99
Earnings From Equity Investments	9.61	15.41	9.34	4.17	-0.7	4.4
Currency Exchange Gain (Loss)	-28.76	-28.76	64.66	69.72	-25.85	93.07
Other Non Operating Income (Expenses)	122.38	50.38	31.15	94.84	56.76	5.72
EBT Excluding Unusual Items	2,925	2,684	2,590	2,170	1,949	1,312
Gain (Loss) on Sale of Investments	2.19	2.19	0.01	0.79	1.27	-2.55
Gain (Loss) on Sale of Assets	2.65	2.65	-3.04	2.15	0.14	-0.97
Pretax Income	2,930	2,689	2,587	2,173	1,950	1,309
Income Tax Expense	778.52	735.42	637.37	556.43	517.12	367.3
Earnings From Continuing Operations	2,151	1,954	1,950	1,617	1,433	941.51
Minority Interest in Earnings	10.46	6.66	17.76	10.87	6.09	-5.29
Net Income	2,161	1,960	1,967	1,628	1,439	936.22
Net Income to Common	2,161	1,960	1,967	1,628	1,439	936.22
Net Income Growth	5.18%	-0.37%	20.87%	13.09%	53.74%	43.46%
Shares Outstanding (Basic)	119	119	119	119	119	117
Shares Outstanding (Diluted)	119	119	119	119	119	117
Shares Change (YoY)	0.00%	-	-	-	1.58%	0.91%
EPS (Basic)	18.23	16.53	16.60	13.73	12.14	8.02
EPS (Diluted)	18.23	16.53	16.59	13.73	12.14	8.02
EPS Growth	5.18%	-0.37%	20.87%	13.09%	51.35%	42.17%
Free Cash Flow	-1,714	96.14	28.83	413.58	1,671	697.4
Free Cash Flow Per Share	-14.46	0.81	0.24	3.49	14.10	5.98
Dividend Per Share	-	1.500	1.250	1.000	1.000	0.600
Dividend Growth	-	20.00%	25.00%	0%	66.67%	33.33%
Gross Margin	36.97%	37.03%	36.91%	39.35%	37.92%	34.12%
Operating Margin	10.16%	10.24%	11.46%	11.84%	12.32%	7.65%
Profit Margin	8.48%	8.35%	9.89%	10.32%	9.93%	6.33%
Free Cash Flow Margin	-6.73%	0.41%	0.14%	2.62%	11.53%	4.71%
EBITDA	2,908	2,675	2,488	2,065	1,979	1,298
EBITDA Margin	11.41%	11.39%	12.50%	13.10%	13.65%	8.77%
D&A For EBITDA	319.98	270.38	207.32	198.08	192.67	166.01
EBIT	2,588	2,404	2,280	1,867	1,786	1,132
EBIT Margin	10.16%	10.24%	11.46%	11.84%	12.32%	7.65%
Effective Tax Rate	26.57%	27.35%	24.64%	25.60%	26.51%	28.06%
Revenue as Reported	25,988	23,917	20,307	16,186	14,826	15,152
Advertising Expenses	-	185.05	119.5	73.33	40.08	90.04

Source: S&P Capital IQ. Standard template. Financial Sources.