Embassy Office Parks REIT (NSE: EMBASSY)

Embassy Office Parks REIT 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
Rental Revenue	37,058	36,852	34,195	29,626	23,603	21,449
Gain (Loss) on Sale of Investments (Rev)	129.99	159.04	143.79	140.82	154.11	378.41
Other Revenue	361.38	342.08	157.53	99.8	42.55	121.3
Total Revenue	38,927	38,659	35,620	30,766	24,771	22,426
Revenue Growth (YoY	6.55%	8.53%	15.78%	24.20%	10.46%	-
Property Expenses	5,799	5,837	5,502	4,402	3,074	2,729
Selling, General & Administrative	682.04	723.99	864.08	587.82	436.74	517.15
Depreciation & Amortization	7,948	7,572	9,165	5,996	4,940	5,120
Other Operating Expenses	2,627	2,589	2,378	1,633	1,516	1,510
Total Operating Expenses	19,174	18,841	20,028	14,588	10,736	10,038
Operating Income	19,752	19,818	15,592	16,179	14,035	12,389
Interest Expense	-11,406	-10,872	-9,761	-6,259	-2,827	-3,804
Income (Loss) on Equity Investments	949.39	892.11	777.5	962.14	994.48	1,169
EBT Excluding Unusual Items	9,296	9,837	6,609	10,881	12,202	9,754
Impairment of Goodwill	-	-	-	-	-437.2	-1,410
Gain (Loss) on Sale of Investments	-	-	-	-	-3	-25.16
Gain (Loss) on Sale of Assets	15.72	132.85	-3.28	-15.71	-49.17	-
Asset Writedown	836.02	836.02	-	-6.11	-552.92	-377.29
Other Unusual Items	70.48	84.38	11.97	-1,897	-3,621	13.29
Pretax Income	10,218	10,891	6,618	8,962	7,539	7,955
Income Tax Expense	1,131	1,250	1,558	78.55	555.34	300
Net Income	9,088	9,640	5,060	8,884	6,984	7,655
Net Income to Common	9,088	9,640	5,060	8,884	6,984	7,655
Net Income Growth	61.94%	90.54%	-43.05%	27.21%	-8.78%	-
Basic Shares Outstanding	948	948	948	948	820	772
Diluted Shares Outstanding	948	948	948	948	820	772
Shares Change (YoY)	-	-	-	15.65%	6.21%	4163.37%
EPS (Basic)	9.59	10.17	5.34	9.37	8.52	9.92
EPS (Diluted)	9.59	10.17	5.34	9.37	8.52	9.92
EPS Growth	61.94%	90.53%	-43.03%	9.98%	-14.11%	-
Dividend Per Share	21.550	21.330	21.710	21.760	21.480	24.390
Dividend Growth	-0.97%	-1.75%	-0.23%	1.30%	-11.93%	-
Operating Margin	50.74%	51.26%	43.77%	52.58%	56.66%	55.24%
Profit Margin	23.35%	24.94%	14.20%	28.88%	28.19%	34.14%
Free Cash Flow Margin	69.37%	67.02%	72.02%	76.93%	75.51%	75.61%
EBITDA	29,338	29,030	26,507	24,137	19,733	17,650
EBITDA Margin	75.37%	75.09%	74.42%	78.45%	79.66%	78.70%
D&A For Ebitda	9,586	9,212	10,915	7,959	5,698	5,262
EBIT	19,752	19,818	15,592	16,179	14,035	12,389
EBIT Margin	50.74%	51.26%	43.77%	52.58%	56.66%	55.24%
Effective Tax Rate	11.07%	11.48%	23.54%	0.88%	7.37%	3.77%
Revenue as Reported	39,020	38,883	35,637	30,895	24,788	22,440

Source: S&P Capital IQ. Real Estate template. Financial Sources.