Western Carriers (India) Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021	Mar '20 Mar 31, 2020
Revenue	16,988	16,858	16,331	14,709	11,101	10,673
Revenue Growth (YoY)	-0.67%	3.23%	11.03%	32.50%	4.01%	-
Cost of Revenue	811.09	776.7	694.1	670.35	541.34	522.81
Gross Profit	16,177	16,081	15,637	14,038	10,560	10,150
Selling, General & Admin	34.69	34.69	30.9	26.6	32.86	42
Other Operating Expenses	14,754	14,586	14,391	12,949	9,718	9,376
Operating Expenses	15,018	14,833	14,574	13,091	9,867	9,554
Operating Income	1,158	1,248	1,062	947.15	692.53	595.83
Interest Expense	-225.75	-206.95	-144.65	-131.67	-124.92	-132.86
Interest & Investment Income	46.42	46.42	31.46	35.07	23.64	37.02
Earnings From Equity Investments	0.03	0.04	0.14	0.07	0.07	0.08
Currency Exchange Gain (Loss)	-	-	1.56	-	-	-
Other Non Operating Income (Expenses)	33.89	-8.31	0.73	2.42	4.4	14.45
EBT Excluding Unusual Items	1,013	1,079	951.59	853.04	595.72	514.52
Gain (Loss) on Sale of Assets	1.18	1.18	0.02	-	-0.19	-
Other Unusual Items	-1.18	-	-	-23.49	-	-
Pretax Income	1,016	1,084	960.68	833.67	600.29	520.97
Income Tax Expense	263.88	280.58	245.03	222.38	155.01	162.39
Earnings From Continuing Operations	752.49	803.47	715.65	611.29	445.28	358.58
Minority Interest in Earnings	-	-	-	-	-0.01	0.05
Net Income	752.49	803.47	715.65	611.29	445.27	358.63
Net Income to Common	752.49	803.47	715.65	611.29	445.27	358.63
Net Income Growth	3.62%	12.27%	17.07%	37.29%	24.16%	-
Shares Outstanding (Basic)	85	79	79	79	79	79
Shares Outstanding (Diluted)	85	79	79	79	79	79
EPS (Basic)	8.83	10.21	9.09	7.77	5.66	4.56
EPS (Diluted)	8.83	10.21	9.09	7.77	5.66	4.56
EPS Growth	-4.21%	12.31%	17.03%	37.29%	24.16%	-
Free Cash Flow	-	-351.42	-396.44	-103.62	-377.06	714.85
Free Cash Flow Per Share	-	-4.46	-5.04	-1.32	-4.79	9.08
Dividend Per Share	-	-	2.500	-	-	-
Gross Margin	95.23%	95.39%	95.75%	95.44%	95.12%	95.10%
Operating Margin	6.82%	7.40%	6.50%	6.44%	6.24%	5.58%
Profit Margin	4.43%	4.77%	4.38%	4.16%	4.01%	3.36%
Free Cash Flow Margin	-	-2.08%	-2.43%	-0.70%	-3.40%	6.70%
EBITDA	1,395	1,439	1,192	1,046	795.02	720.06
EBITDA Margin	8.21%	8.54%	7.30%	7.11%	7.16%	6.75%
D&A For EBITDA	237.04	190.82	129.2	99.15	102.49	124.23
EBIT	1,158	1,248	1,062	947.15	692.53	595.83
EBIT Margin	6.82%	7.40%	6.50%	6.44%	6.24%	5.58%
Effective Tax Rate	25.96%	25.88%	25.51%	26.67%	25.82%	31.17%
Revenue as Reported	17,086	16,914	16,378	14,758	11,139	10,735

Source: S&P Global Market Intelligence. Standard template. Financial Sources.