United Power Generation & Distribution Company Ltd. (DSE: UPGDCL)

UPGDCL Income Statement

Financials in millions BDT. Fiscal year is July - June.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Mar 31, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019
Revenue	36,419	41,309	49,435	30,581	10,094	11,253
Revenue Growth (YoY)	-22.98%	-16.44%	61.66%	202.96%	-10.30%	-0.46%
Operations & Maintenance	-	-	-	-	-	67.2
Selling, General & Admin	50.46	58.56	59.13	72.49	70.9	57.38
Depreciation & Amortization	18.34	18.37	19.77	21.2	-	8.33
Amortization of Goodwill & Intangibles	1.01	1.01	1.01	-	-	-
Provision for Bad Debts	352.28	352.28	-	-	-	-
Other Operating Expenses	25,801	30,590	37,002	18,688	4,215	4,055
Total Operating Expenses	26,223	31,021	37,082	18,781	4,286	4,188
Operating Income	10,196	10,288	12,353	11,799	5,808	7,065
Interest Expense	-1,393	-1,194	-500.15	-965.89	-336.53	-454.2
Interest Income	676.62	559.04	830.51	399.94	526.72	627.87
Net Interest Expense	-715.92	-635.08	330.35	-565.96	190.19	173.67
Currency Exchange Gain (Loss)	-1,805	-1,468	-2,511	-0.08	-40.56	-84.03
Other Non-Operating Income (Expenses)	-42.38	-17.74	-21.08	-15.63	-1.99	-72.05
EBT Excluding Unusual Items	7,633	8,167	10,151	11,218	5,956	7,083
Gain (Loss) on Sale of Investments	1.4	-10.21	6.13	73.1	-33.16	7.66
Gain (Loss) on Sale of Assets	-	-	-	-185.68	9.66	790.79
Insurance Settlements	9.83	89.33	-	-	-	-
Pretax Income	7,644	8,246	10,157	11,105	5,932	7,881
Income Tax Expense	11.69	4.1	2.02	-9.22	-146.78	26.04
Earnings From Continuing Ops.	7,633	8,242	10,155	11,114	6,079	7,855
Minority Interest in Earnings	-138.83	-223.2	-180.89	-213.32	-143.73	-150.41
Net Income	7,494	8,019	9,974	10,901	5,935	7,705
Net Income to Common	7,494	8,019	9,974	10,901	5,935	7,705
Net Income Growth	-7.64%	-19.60%	-8.50%	83.67%	-22.97%	2.78%
Shares Outstanding (Basic)	580	580	580	580	580	580
Shares Outstanding (Diluted)	580	580	580	580	580	580
EPS (Basic)	12.93	13.83	17.21	18.80	10.24	13.29
EPS (Diluted)	12.93	13.83	17.21	18.80	10.24	13.29
EPS Growth	-7.64%	-19.60%	-8.50%	83.67%	-22.97%	2.78%
Free Cash Flow	7,726	10,864	993.29	15,293	6,589	7,647
Free Cash Flow Per Share	13.33	18.74	1.71	26.38	11.37	13.19
Dividend Per Share	8.000	8.000	17.000	17.000	13.182	10.744
Dividend Growth	-52.94%	-52.94%	0%	28.97%	22.69%	44.44%
Profit Margin	20.58%	19.41%	20.18%	35.65%	58.80%	68.47%
Free Cash Flow Margin	21.21%	26.30%	2.01%	50.01%	65.27%	67.95%
EBITDA	12,555	12,646	14,828	14,388	7,122	8,378
EBITDA Margin	34.47%	30.61%	30.00%	47.05%	70.56%	74.45%
D&A For EBITDA	2,359	2,358	2,475	2,589	1,315	1,313
EBIT	10,196	10,288	12,353	11,799	5,808	7,065
EBIT Margin	28.00%	24.91%	24.99%	38.58%	57.54%	62.78%
Effective Tax Rate	0.15%	0.05%	0.02%	-	-	0.33%

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