Garware Hi-Tech Films Limited (BOM: 500655)

Garware Hi-Tech Films 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	Jun 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Operating Revenue	17,718	16,770	14,380	13,026	9,890	9,248
Other Revenue	-	-	-	-	-	1.01
Revenue	17,718	16,770	14,380	13,026	9,890	9,249
Revenue Growth (YoY)	22.37%	16.62%	10.39%	31.71%	6.93%	-2.42%
Cost of Revenue	9,372	8,184	6,841	5,455	3,680	4,108
Gross Profit	8,346	8,586	7,539	7,571	6,211	5,142
Selling, General & Admin	1,480	1,429	1,225	1,244	1,083	948.51
Other Operating Expenses	3,498	4,329	3,969	3,943	2,928	2,558
Operating Expenses	5,374	6,148	5,518	5,469	4,251	3,709
Operating Income	2,972	2,438	2,021	2,101	1,960	1,432
Interest Expense	-94.8	-80.7	-125.37	-133.81	-150.71	-151.78
Interest & Investment Income	-	21.56	20.34	5.53	7.01	33.59
Currency Exchange Gain (Loss)	-	150.42	170.53	148.2	89.72	32.49
Other Non Operating Income (Expenses)	414.9	-35.83	-43.47	-47.65	-45.19	-39.4
EBT Excluding Unusual Items	3,292	2,494	2,043	2,074	1,861	1,307
Gain (Loss) on Sale of Investments	-	199.2	114.69	80.63	47.2	36.79
Gain (Loss) on Sale of Assets	-	-	36.2	148.5	-7.57	1.72
Pretax Income	3,292	2,703	2,199	2,311	1,901	1,347
Income Tax Expense	812.6	669.62	538.07	638.81	641.31	486.98
Net Income	2,480	2,033	1,661	1,672	1,260	860.19
Net Income to Common	2,480	2,033	1,661	1,672	1,260	860.19
Net Income Growth	50.01%	22.36%	-0.62%	32.73%	46.42%	5.35%
Shares Outstanding (Basic)	23	23	23	23	23	23
Shares Outstanding (Diluted)	23	23	23	23	23	23
Shares Change (YoY)	0.01%	-	-	-	-	-
EPS (Basic)	106.72	87.50	71.51	71.96	54.21	37.03
EPS (Diluted)	106.72	87.50	71.51	71.96	54.21	37.03
EPS Growth	49.99%	22.36%	-0.62%	32.73%	46.42%	5.35%
Free Cash Flow	-	1,553	1,475	460.69	1,355	453.02
Free Cash Flow Per Share	-	66.84	63.49	19.83	58.31	19.50
Dividend Per Share	-	10.000	10.000	10.000	10.000	10.000
Gross Margin	47.11%	51.20%	52.43%	58.12%	62.80%	55.59%
Operating Margin	16.77%	14.54%	14.06%	16.13%	19.82%	15.49%
Profit Margin	13.99%	12.12%	11.55%	12.83%	12.73%	9.30%
Free Cash Flow Margin	-	9.26%	10.26%	3.54%	13.70%	4.90%
EBITDA	3,398	2,753	2,270	2,317	2,141	1,574
EBITDA Margin	19.18%	16.41%	15.79%	17.79%	21.65%	17.02%
D&A For EBITDA	425.59	314.77	248.66	215.72	180.73	141.47
EBIT	2,972	2,438	2,021	2,101	1,960	1,432
EBIT Margin	16.77%	14.54%	14.06%	16.13%	19.82%	15.49%
Effective Tax Rate	24.68%	24.78%	24.46%	27.65%	33.74%	36.15%
Revenue as Reported	18,133	17,161	14,802	13,421	10,047	9,367
Advertising Expenses	-	2.22	6.18	15.82	6.68	12.54

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