Garware Technical Fibres Limited (BOM: 509557)

Garware Technical Fibres 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	13,362	13,256	13,055	11,894	10,346	9,531
Revenue	13,362	13,256	13,055	11,894	10,346	9,531
Revenue Growth (YoY)	0.71%	1.54%	9.77%	14.97%	8.55%	-6.36%
Cost of Revenue	3,661	3,897	4,400	3,725	3,149	3,042
Gross Profit	9,701	9,359	8,656	8,169	7,197	6,489
Selling, General & Admin	1,981	2,072	1,813	1,613	1,610	1,463
Other Operating Expenses	4,942	4,634	4,667	4,502	3,651	3,414
Operating Expenses	7,188	6,965	6,703	6,329	5,467	5,070
Operating Income	2,513	2,394	1,953	1,840	1,729	1,419
Interest Expense	-189.95	-119.71	-81.95	-77.68	-75.73	-87.37
Interest & Investment Income	-	46.9	34.52	40.56	89.73	3.87
Earnings From Equity Investments	0.25	0.08	-	0	-0.01	-0.01
Currency Exchange Gain (Loss)	-	65.96	122.12	176.7	107.79	166.5
Other Non Operating Income (Expenses)	443.89	332.06	187.19	165.97	183.87	270.69
EBT Excluding Unusual Items	2,767	2,720	2,215	2,145	2,035	1,773
Gain (Loss) on Sale of Investments	-	0.55	19.75	20.82	45.54	18.99
Gain (Loss) on Sale of Assets	-	-3.05	-2.82	-2.11	0.13	-2.96
Pretax Income	2,767	2,717	2,232	2,164	2,081	1,789
Income Tax Expense	647.11	635.34	509.79	516.33	496.71	383.32
Earnings From Continuing Operations	2,120	2,082	1,722	1,648	1,584	1,405
Minority Interest in Earnings	-0.17	-0.08	-	-0	0.01	0.01
Net Income	2,120	2,082	1,722	1,648	1,584	1,405
Preferred Dividends & Other Adjustments	-	-	-	-	-	0.01
Net Income to Common	2,120	2,082	1,722	1,648	1,584	1,405
Net Income Growth	13.38%	20.89%	4.50%	4.03%	12.71%	11.82%
Shares Outstanding (Basic)	20	20	21	21	21	22
Shares Outstanding (Diluted)	20	20	21	21	21	22
Shares Change (YoY)	-1.31%	-0.87%	-0.30%	-	-5.78%	-
EPS (Basic)	104.51	102.16	83.77	79.92	76.82	64.22
EPS (Diluted)	104.51	102.16	83.77	79.92	76.82	64.22
EPS Growth	14.88%	21.95%	4.82%	4.03%	19.62%	11.82%
Free Cash Flow	-	1,762	1,605	491.38	2,045	714.52
Free Cash Flow Per Share	-	86.45	78.07	23.83	99.20	32.65
Dividend Per Share	-	3.000	3.500	7.000	2.500	7.000
Dividend Growth	-	-14.29%	-50.00%	180.00%	-64.29%	40.00%
Gross Margin	72.60%	70.60%	66.30%	68.68%	69.56%	68.09%
Operating Margin	18.81%	18.06%	14.96%	15.47%	16.72%	14.89%
Profit Margin	15.86%	15.70%	13.19%	13.85%	15.31%	14.74%
Free Cash Flow Margin	-	13.29%	12.29%	4.13%	19.77%	7.50%
EBITDA	2,783	2,635	2,165	2,041	1,922	1,595
EBITDA Margin	20.83%	19.88%	16.59%	17.16%	18.57%	16.73%
D&A For EBITDA	270.19	240.81	212.43	201.12	192.34	176.01
EBIT	2,513	2,394	1,953	1,840	1,729	1,419
EBIT Margin	18.81%	18.06%	14.96%	15.47%	16.72%	14.89%
Effective Tax Rate	23.39%	23.38%	22.84%	23.86%	23.87%	21.43%
Revenue as Reported	13,806	13,688	13,335	12,149	10,692	9,853
Advertising Expenses	-	89.36	89.04	65.53	35.37	56.59

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