
Minda Corporation Ltd
NSE:MINDACORP

Income Statement
Earnings Waterfall
Minda Corporation Ltd
Revenue
|
49.5B
INR
|
Cost of Revenue
|
-31B
INR
|
Gross Profit
|
18.5B
INR
|
Operating Expenses
|
-14.8B
INR
|
Operating Income
|
3.7B
INR
|
Other Expenses
|
-952.8m
INR
|
Net Income
|
2.7B
INR
|
Income Statement
Minda Corporation Ltd
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
19 359
N/A
|
19 706
+2%
|
20 404
+4%
|
21 720
+6%
|
22 926
+6%
|
24 455
+7%
|
24 402
0%
|
24 148
-1%
|
23 031
-5%
|
22 104
-4%
|
23 108
+5%
|
23 750
+3%
|
24 664
+4%
|
26 350
+7%
|
27 900
+6%
|
29 083
+4%
|
30 411
+5%
|
30 920
+2%
|
28 978
-6%
|
26 830
-7%
|
24 576
-8%
|
22 226
-10%
|
18 165
-18%
|
19 141
+5%
|
21 103
+10%
|
23 679
+12%
|
27 485
+16%
|
28 237
+3%
|
28 222
0%
|
29 759
+5%
|
34 275
+15%
|
38 433
+12%
|
41 733
+9%
|
43 001
+3%
|
43 644
+1%
|
44 132
+1%
|
45 107
+2%
|
46 511
+3%
|
47 690
+3%
|
48 632
+2%
|
49 499
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(11 744)
|
(12 559)
|
(12 527)
|
(13 415)
|
(14 129)
|
(15 672)
|
(14 879)
|
(14 817)
|
(14 152)
|
(14 342)
|
(14 548)
|
(14 751)
|
(15 174)
|
(16 764)
|
(16 937)
|
(17 645)
|
(18 821)
|
(19 032)
|
(17 682)
|
(16 463)
|
(14 768)
|
(14 091)
|
(10 929)
|
(11 664)
|
(13 092)
|
(15 611)
|
(17 304)
|
(17 682)
|
(17 705)
|
(19 641)
|
(21 864)
|
(24 844)
|
(27 140)
|
(28 963)
|
(27 933)
|
(27 985)
|
(28 287)
|
(30 584)
|
(29 959)
|
(30 507)
|
(30 964)
|
|
Gross Profit |
7 613
N/A
|
7 148
-6%
|
7 877
+10%
|
8 305
+5%
|
8 797
+6%
|
8 783
0%
|
9 525
+8%
|
9 334
-2%
|
8 883
-5%
|
7 762
-13%
|
8 562
+10%
|
9 000
+5%
|
9 490
+5%
|
9 586
+1%
|
10 962
+14%
|
11 437
+4%
|
11 589
+1%
|
11 888
+3%
|
11 296
-5%
|
10 367
-8%
|
9 808
-5%
|
8 135
-17%
|
7 235
-11%
|
7 476
+3%
|
8 011
+7%
|
8 068
+1%
|
10 184
+26%
|
10 558
+4%
|
10 519
0%
|
10 118
-4%
|
12 412
+23%
|
13 589
+9%
|
14 593
+7%
|
14 038
-4%
|
15 710
+12%
|
16 146
+3%
|
16 819
+4%
|
15 927
-5%
|
17 731
+11%
|
18 125
+2%
|
18 536
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(6 304)
|
(5 805)
|
(6 588)
|
(6 961)
|
(7 399)
|
(7 259)
|
(7 898)
|
(7 785)
|
(7 484)
|
(6 341)
|
(7 315)
|
(7 566)
|
(7 880)
|
(7 565)
|
(8 733)
|
(9 165)
|
(9 506)
|
(9 847)
|
(9 322)
|
(8 542)
|
(7 809)
|
(6 526)
|
(6 509)
|
(6 789)
|
(7 257)
|
(6 817)
|
(8 485)
|
(8 774)
|
(8 792)
|
(8 261)
|
(9 893)
|
(10 674)
|
(11 395)
|
(10 743)
|
(12 470)
|
(12 907)
|
(13 499)
|
(12 412)
|
(14 142)
|
(14 482)
|
(14 842)
|
|
Selling, General & Administrative |
(3 174)
|
(5 056)
|
(3 439)
|
(3 631)
|
(3 890)
|
(6 330)
|
(4 234)
|
(4 176)
|
(3 951)
|
(5 618)
|
(3 826)
|
(3 970)
|
(4 163)
|
(6 666)
|
(4 608)
|
(4 811)
|
(4 988)
|
(5 092)
|
(4 778)
|
(4 310)
|
(3 882)
|
(5 533)
|
(3 185)
|
(3 321)
|
(3 601)
|
(5 742)
|
(4 368)
|
(4 577)
|
(4 612)
|
(6 971)
|
(5 127)
|
(5 499)
|
(5 898)
|
(9 164)
|
(6 545)
|
(6 872)
|
(7 163)
|
(8 004)
|
(7 409)
|
(7 463)
|
(7 597)
|
|
Depreciation & Amortization |
(531)
|
(603)
|
(622)
|
(699)
|
(767)
|
(745)
|
(735)
|
(692)
|
(623)
|
(577)
|
(597)
|
(636)
|
(685)
|
(738)
|
(787)
|
(816)
|
(837)
|
(883)
|
(886)
|
(882)
|
(885)
|
(866)
|
(856)
|
(891)
|
(917)
|
(936)
|
(984)
|
(1 006)
|
(1 032)
|
(1 120)
|
(1 186)
|
(1 254)
|
(1 324)
|
(1 381)
|
(1 454)
|
(1 530)
|
(1 608)
|
(1 658)
|
(1 727)
|
(1 825)
|
(1 911)
|
|
Other Operating Expenses |
(2 600)
|
(147)
|
(2 526)
|
(2 631)
|
(2 743)
|
(184)
|
(2 929)
|
(2 917)
|
(2 910)
|
(146)
|
(2 893)
|
(2 961)
|
(3 033)
|
(161)
|
(3 338)
|
(3 538)
|
(3 682)
|
(3 872)
|
(3 660)
|
(3 350)
|
(3 041)
|
(127)
|
(2 466)
|
(2 576)
|
(2 739)
|
(139)
|
(3 134)
|
(3 192)
|
(3 149)
|
(170)
|
(3 582)
|
(3 922)
|
(4 173)
|
(198)
|
(4 470)
|
(4 504)
|
(4 728)
|
(2 750)
|
(5 007)
|
(5 194)
|
(5 333)
|
|
Operating Income |
1 310
N/A
|
1 342
+2%
|
1 289
-4%
|
1 344
+4%
|
1 398
+4%
|
1 525
+9%
|
1 627
+7%
|
1 548
-5%
|
1 398
-10%
|
1 421
+2%
|
1 246
-12%
|
1 434
+15%
|
1 610
+12%
|
2 021
+26%
|
2 230
+10%
|
2 273
+2%
|
2 084
-8%
|
2 041
-2%
|
1 974
-3%
|
1 826
-7%
|
2 000
+10%
|
1 609
-20%
|
728
-55%
|
688
-5%
|
754
+10%
|
1 251
+66%
|
1 697
+36%
|
1 782
+5%
|
1 726
-3%
|
1 857
+8%
|
2 519
+36%
|
2 916
+16%
|
3 199
+10%
|
3 295
+3%
|
3 241
-2%
|
3 240
0%
|
3 320
+2%
|
3 515
+6%
|
3 588
+2%
|
3 643
+2%
|
3 694
+1%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(398)
|
(292)
|
(381)
|
(368)
|
(348)
|
(300)
|
(265)
|
(113)
|
(240)
|
(329)
|
(329)
|
(382)
|
(209)
|
(216)
|
(263)
|
(327)
|
(297)
|
(211)
|
(228)
|
(227)
|
(243)
|
130
|
(323)
|
(387)
|
(390)
|
(24)
|
(232)
|
(158)
|
(183)
|
(12)
|
(273)
|
(372)
|
(439)
|
(376)
|
(576)
|
(569)
|
(581)
|
(415)
|
(510)
|
(477)
|
(453)
|
|
Non-Reccuring Items |
118
|
24
|
25
|
85
|
114
|
137
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
175
|
175
|
175
|
175
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
327
|
340
|
327
|
327
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Gain/Loss on Disposition of Assets |
0
|
(20)
|
0
|
0
|
0
|
(24)
|
(18)
|
(50)
|
0
|
146
|
(48)
|
(37)
|
0
|
(20)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(15)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
|
Total Other Income |
291
|
54
|
231
|
249
|
256
|
128
|
172
|
202
|
314
|
71
|
401
|
341
|
139
|
129
|
164
|
276
|
375
|
355
|
382
|
352
|
335
|
26
|
443
|
435
|
422
|
20
|
321
|
321
|
268
|
(18)
|
207
|
177
|
180
|
(31)
|
135
|
111
|
84
|
(9)
|
221
|
317
|
388
|
|
Pre-Tax Income |
1 323
N/A
|
1 109
-16%
|
1 165
+5%
|
1 311
+13%
|
1 419
+8%
|
1 465
+3%
|
1 515
+3%
|
1 586
+5%
|
1 472
-7%
|
1 309
-11%
|
1 271
-3%
|
1 357
+7%
|
1 540
+13%
|
1 914
+24%
|
2 131
+11%
|
2 222
+4%
|
2 339
+5%
|
2 360
+1%
|
2 303
-2%
|
2 126
-8%
|
2 092
-2%
|
1 750
-16%
|
849
-51%
|
736
-13%
|
785
+7%
|
1 247
+59%
|
1 785
+43%
|
1 946
+9%
|
2 139
+10%
|
2 159
+1%
|
2 781
+29%
|
3 048
+10%
|
2 940
-4%
|
2 886
-2%
|
2 801
-3%
|
2 782
-1%
|
2 823
+1%
|
3 084
+9%
|
3 299
+7%
|
3 483
+6%
|
3 629
+4%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(258)
|
(272)
|
(282)
|
(324)
|
(355)
|
(366)
|
(376)
|
(347)
|
(359)
|
(288)
|
(275)
|
(330)
|
(348)
|
(487)
|
(572)
|
(622)
|
(669)
|
(668)
|
(664)
|
(518)
|
(486)
|
(394)
|
(167)
|
(227)
|
(227)
|
(312)
|
(415)
|
(443)
|
(432)
|
(240)
|
(407)
|
(487)
|
(556)
|
(41)
|
(29)
|
(0)
|
(55)
|
(832)
|
(885)
|
(949)
|
(959)
|
|
Income from Continuing Operations |
1 065
|
837
|
883
|
987
|
1 064
|
1 100
|
1 139
|
1 239
|
1 113
|
1 021
|
996
|
1 027
|
1 193
|
1 427
|
1 561
|
1 603
|
1 671
|
1 692
|
1 639
|
1 607
|
1 606
|
1 356
|
683
|
510
|
559
|
935
|
1 370
|
1 503
|
1 707
|
1 919
|
2 374
|
2 561
|
2 385
|
2 845
|
2 773
|
2 782
|
2 767
|
2 252
|
2 415
|
2 535
|
2 670
|
|
Income to Minority Interest |
(31)
|
14
|
(4)
|
(3)
|
5
|
(30)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Equity Earnings Affiliates |
58
|
44
|
46
|
14
|
5
|
3
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
17
|
20
|
47
|
83
|
71
|
|
Net Income (Common) |
1 090
N/A
|
895
-18%
|
923
+3%
|
997
+8%
|
1 073
+8%
|
1 073
N/A
|
1 126
+5%
|
1 225
+9%
|
1 122
-8%
|
1 021
-9%
|
996
-2%
|
1 027
+3%
|
1 193
+16%
|
1 427
+20%
|
1 561
+9%
|
1 603
+3%
|
1 671
+4%
|
1 692
+1%
|
1 541
-9%
|
1 450
-6%
|
1 419
-2%
|
(1 998)
N/A
|
(2 564)
-28%
|
(2 678)
-4%
|
(2 599)
+3%
|
528
N/A
|
953
+80%
|
1 086
+14%
|
1 290
+19%
|
1 919
+49%
|
2 374
+24%
|
2 561
+8%
|
2 385
-7%
|
2 845
+19%
|
2 773
-3%
|
2 782
+0%
|
2 784
+0%
|
2 272
-18%
|
2 462
+8%
|
2 618
+6%
|
2 741
+5%
|
|
EPS (Diluted) |
51.9
N/A
|
4.28
-92%
|
4.41
+3%
|
4.77
+8%
|
5.13
+8%
|
5.12
0%
|
5.38
+5%
|
5.85
+9%
|
5.36
-8%
|
4.82
-10%
|
4.71
-2%
|
4.83
+3%
|
5.62
+16%
|
6.73
+20%
|
7.19
+7%
|
7.06
-2%
|
7.36
+4%
|
7.52
+2%
|
6.75
-10%
|
6.35
-6%
|
6.25
-2%
|
-8.95
N/A
|
-11.49
-28%
|
-11.84
-3%
|
-11.3
+5%
|
2.28
N/A
|
4.02
+76%
|
4.52
+12%
|
2.86
-37%
|
8.02
+180%
|
9.89
+23%
|
10.71
+8%
|
9.97
-7%
|
11.9
+19%
|
11.59
-3%
|
11.66
+1%
|
11.61
0%
|
9.5
-18%
|
10.3
+8%
|
10.95
+6%
|
11.47
+5%
|