Titan Company Limited (NSE:TITAN)

Titan Company 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	Dec 31, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	580,340	510,840	405,750	287,990	216,440	210,520
Revenue Growth (YoY)	18.56%	25.90%	40.89%	33.06%	2.81%	6.44%
Cost of Revenue	457,040	394,870	303,990	216,800	164,400	151,900
Gross Profit	123,300	115,970	101,760	71,190	52,040	58,620
Selling, General & Admin	33,740	30,600	26,480	19,660	13,860	17,870
Other Operating Expenses	36,020	32,390	26,460	17,910	20,570	16,050
Operating Expenses	76,440	68,830	57,350	41,560	38,180	37,400
Operating Income	46,860	47,140	44,410	29,630	13,860	21,220
Interest Expense	-9,020	-6,190	-3,000	-2,180	-2,030	-1,660
Interest & Investment Income	2,490	2,490	1,430	960	610	980
Earnings From Equity Investments	10	10	10	-	-50	-40
Currency Exchange Gain (Loss)	-	-	-	-	-	-30
Other Non Operating Income (Expenses)	760	800	570	180	70	230
EBT Excluding Unusual Items	41,100	44,250	43,420	28,590	12,460	20,700
Merger & Restructuring Charges	-	-	-	-510	-	-
Gain (Loss) on Sale of Investments	1,970	1,970	1,060	870	570	320
Gain (Loss) on Sale of Assets	-	-	-30	-30	-60	-
Asset Writedown	-	-	-	-180	-310	-
Other Unusual Items	10	10	20	300	610	-
Pretax Income	43,080	46,230	44,470	29,040	13,270	21,020
Income Tax Expense	10,710	11,270	11,730	7,060	3,530	6,090
Earnings From Continuing Operations	32,370	34,960	32,740	21,980	9,740	14,930
Minority Interest in Earnings	-	-	-240	-250	-10	80
Net Income	32,370	34,960	32,500	21,730	9,730	15,010
Net Income to Common	32,370	34,960	32,500	21,730	9,730	15,010
Net Income Growth	-6.31%	7.57%	49.56%	123.33%	-35.18%	6.90%
Shares Outstanding (Basic)	887	887	888	888	888	888
Shares Outstanding (Diluted)	887	888	888	888	888	888
Shares Change (YoY)	-0.06%	-0.01%	-	-	-	-
EPS (Basic)	36.50	39.40	36.61	24.48	10.96	16.91
EPS (Diluted)	36.48	39.38	36.61	24.48	10.96	16.91
EPS Growth	-6.27%	7.57%	49.56%	123.33%	-35.18%	6.90%
Free Cash Flow	-	10,040	9,380	-9,480	39,930	-7,030
Free Cash Flow Per Share	-	11.31	10.57	-10.68	44.98	-7.92
Dividend Per Share	-	11.000	10.000	7.500	4.000	4.000
Dividend Growth	-	10.00%	33.33%	87.50%	0%	-20.00%
Gross Margin	21.25%	22.70%	25.08%	24.72%	24.04%	27.85%
Operating Margin	8.07%	9.23%	10.95%	10.29%	6.40%	10.08%
Profit Margin	5.58%	6.84%	8.01%	7.55%	4.50%	7.13%
Free Cash Flow Margin	-	1.97%	2.31%	-3.29%	18.45%	-3.34%
EBITDA	49,665	49,450	46,060	31,430	15,550	22,820
EBITDA Margin	8.56%	9.68%	11.35%	10.91%	7.18%	10.84%
D&A For EBITDA	2,805	2,310	1,650	1,800	1,690	1,600
EBIT	46,860	47,140	44,410	29,630	13,860	21,220
EBIT Margin	8.07%	9.23%	10.95%	10.29%	6.40%	10.08%
Effective Tax Rate	24.86%	24.38%	26.38%	24.31%	26.60%	28.97%
Revenue as Reported	585,630	516,170	408,830	290,330	218,300	212,050
Advertising Expenses	-	11,480	9,660	5,900	2,880	5,600

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