United Spirits Limited (BOM: 532432)

United Spirits 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	113,900	113,210	106,120	97,124	81,313	93,254
Revenue	113,900	113,210	106,120	97,124	81,313	93,254
Revenue Growth (YoY)	5.30%	6.68%	9.26%	19.44%	-12.80%	-0.16%
Cost of Revenue	61,320	61,140	61,350	53,701	45,397	51,002
Gross Profit	52,580	52,070	44,770	43,423	35,916	42,252
Selling, General & Admin	18,670	17,950	17,630	15,996	13,599	15,081
Other Operating Expenses	13,480	14,030	12,960	11,475	11,280	11,999
Operating Expenses	34,910	34,730	33,420	30,380	28,241	29,449
Operating Income	17,670	17,340	11,350	13,043	7,675	12,803
Interest Expense	-920	-760	-1,040	-880	-1,876	-2,120
Interest & Investment Income	1,300	1,300	320	61	111	62
Earnings From Equity Investments	-30	-10	-10	-	-13	-33
Currency Exchange Gain (Loss)	-40	-40	-	4	8	8
Other Non Operating Income (Expenses)	410	140	10	27	23	19
EBT Excluding Unusual Items	18,390	17,970	10,630	12,255	5,928	10,739
Merger & Restructuring Charges	-480	-480	-1,960	-	-	-
Impairment of Goodwill	-	-	-	-	-	-283
Gain (Loss) on Sale of Investments	650	650	200	6	-	-
Gain (Loss) on Sale of Assets	120	120	200	123	168	52
Asset Writedown	-	-	-	-340	-139	67
Other Unusual Items	170	310	3,720	-1,178	-557	1,028
Pretax Income	18,850	18,570	12,790	10,866	5,400	11,603
Income Tax Expense	4,670	4,490	1,530	2,760	1,779	5,397
Earnings From Continuing Operations	14,180	14,080	11,260	8,106	3,621	6,206
Net Income to Company	14,180	14,080	11,260	8,106	3,621	6,206
Minority Interest in Earnings	-	-	110	180	215	383
Net Income	14,180	14,080	11,370	8,286	3,836	6,589
Net Income to Common	14,180	14,080	11,370	8,286	3,836	6,589
Net Income Growth	25.15%	23.83%	37.22%	116.01%	-41.78%	-5.90%
Shares Outstanding (Basic)	710	710	710	709	709	709
Shares Outstanding (Diluted)	710	710	710	709	709	709
Shares Change (YoY)	-0.06%	-	0.04%	-	-	-
EPS (Basic)	19.98	19.84	16.02	11.68	5.41	9.29
EPS (Diluted)	19.98	19.84	16.02	11.68	5.41	9.29
EPS Growth	25.22%	23.83%	37.16%	116.01%	-41.78%	-5.90%
Free Cash Flow	8,560	10,200	4,780	8,434	16,588	5,716
Free Cash Flow Per Share	12.06	14.37	6.74	11.89	23.39	8.06
Dividend Per Share	5.000	9.000	-	-	-	-
Gross Margin	46.16%	45.99%	42.19%	44.71%	44.17%	45.31%
Operating Margin	15.51%	15.32%	10.70%	13.43%	9.44%	13.73%
Profit Margin	12.45%	12.44%	10.71%	8.53%	4.72%	7.07%
Free Cash Flow Margin	7.52%	9.01%	4.50%	8.68%	20.40%	6.13%
EBITDA	19,000	18,660	12,770	14,885	9,525	14,943
EBITDA Margin	16.68%	16.48%	12.03%	15.33%	11.71%	16.02%
D&A For EBITDA	1,330	1,320	1,420	1,842	1,850	2,140
EBIT	17,670	17,340	11,350	13,043	7,675	12,803
EBIT Margin	15.51%	15.32%	10.70%	13.43%	9.44%	13.73%
Effective Tax Rate	24.77%	24.18%	11.96%	25.40%	32.94%	46.51%
Revenue as Reported	266,350	262,430	278,890	310,973	274,581	288,457
Advertising Expenses	-	10,480	9,220	6,949	5,747	7,173

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