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	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Operating Revenue	19,952	16,770	14,380	13,026	9,890	9,248
Other Revenue	-	-	-	-	-	1.01
Revenue	19,952	16,770	14,380	13,026	9,890	9,249
Revenue Growth (YoY)	37.59%	16.62%	10.39%	31.71%	6.93%	-2.42%
Cost of Revenue	9,550	8,184	6,841	5,455	3,680	4,108
Gross Profit	10,402	8,586	7,539	7,571	6,211	5,142
Selling, General & Admin	1,584	1,429	1,225	1,244	1,083	948.51
Other Operating Expenses	4,722	4,329	3,969	3,943	2,928	2,558
Operating Expenses	6,707	6,148	5,518	5,469	4,251	3,709
Operating Income	3,695	2,438	2,021	2,101	1,960	1,432
Interest Expense	-42.8	-80.7	-125.37	-133.81	-150.71	-151.78
Interest & Investment Income	21.56	21.56	20.34	5.53	7.01	33.59
Currency Exchange Gain (Loss)	150.42	150.42	170.53	148.2	89.72	32.49
Other Non Operating Income (Expenses)	33.37	-35.83	-43.47	-47.65	-45.19	-39.4
EBT Excluding Unusual Items	3,858	2,494	2,043	2,074	1,861	1,307
Gain (Loss) on Sale of Investments	199.2	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	4,067	2,703	2,199	2,311	1,901	1,347
Income Tax Expense	1,004	669.62	538.07	638.81	641.31	486.98
Net Income	3,063	2,033	1,661	1,672	1,260	860.19
Net Income to Common	3,063	2,033	1,661	1,672	1,260	860.19
Net Income Growth	87.83%	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)	0.00%	-	-	-	-	-
EPS (Basic)	131.84	87.50	71.51	71.96	54.21	37.03
EPS (Diluted)	131.84	87.50	71.51	71.96	54.21	37.03
EPS Growth	87.83%	22.36%	-0.62%	32.73%	46.42%	5.35%
Free Cash Flow	2,471	1,553	1,475	460.69	1,355	453.02
Free Cash Flow Per Share	106.36	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	52.14%	51.20%	52.43%	58.12%	62.80%	55.59%
Operating Margin	18.52%	14.54%	14.06%	16.13%	19.82%	15.49%
Profit Margin	15.35%	12.12%	11.55%	12.83%	12.73%	9.30%
Free Cash Flow Margin	12.38%	9.26%	10.26%	3.54%	13.70%	4.90%
EBITDA	4,021	2,753	2,270	2,317	2,141	1,574
EBITDA Margin	20.15%	16.41%	15.79%	17.79%	21.65%	17.02%
D&A For EBITDA	325.37	314.77	248.66	215.72	180.73	141.47
EBIT	3,695	2,438	2,021	2,101	1,960	1,432
EBIT Margin	18.52%	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	20,412	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.