
Natco Pharma Ltd
NSE:NATCOPHARM

Income Statement
Earnings Waterfall
Natco Pharma Ltd
Revenue
|
42.8B
INR
|
Cost of Revenue
|
-5.8B
INR
|
Gross Profit
|
36.9B
INR
|
Operating Expenses
|
-17.4B
INR
|
Operating Income
|
19.5B
INR
|
Other Expenses
|
-877m
INR
|
Net Income
|
18.7B
INR
|
Income Statement
Natco Pharma 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 |
8 083
N/A
|
8 253
+2%
|
8 445
+2%
|
8 683
+3%
|
9 609
+11%
|
10 801
+12%
|
11 914
+10%
|
14 163
+19%
|
18 072
+28%
|
20 650
+14%
|
21 700
+5%
|
21 288
-2%
|
20 120
-5%
|
22 020
+9%
|
22 953
+4%
|
24 121
+5%
|
24 066
0%
|
20 945
-13%
|
20 482
-2%
|
19 904
-3%
|
19 159
-4%
|
19 150
0%
|
19 861
+4%
|
23 026
+16%
|
21 756
-6%
|
20 521
-6%
|
18 990
-7%
|
14 740
-22%
|
16 793
+14%
|
19 448
+16%
|
24 191
+24%
|
24 740
+2%
|
24 060
-3%
|
27 071
+13%
|
29 630
+9%
|
35 623
+20%
|
38 284
+7%
|
39 988
+4%
|
42 209
+6%
|
45 606
+8%
|
42 768
-6%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(2 556)
|
(2 621)
|
(2 468)
|
(2 498)
|
(2 789)
|
(3 099)
|
(3 086)
|
(4 250)
|
(5 382)
|
(6 601)
|
(6 330)
|
(5 622)
|
(4 225)
|
(4 888)
|
(3 890)
|
(3 710)
|
(4 102)
|
(4 140)
|
(3 429)
|
(3 672)
|
(3 537)
|
(4 365)
|
(4 845)
|
(5 602)
|
(5 518)
|
(5 488)
|
(4 116)
|
(3 092)
|
(3 191)
|
(6 003)
|
(6 295)
|
(6 428)
|
(6 652)
|
(7 491)
|
(6 756)
|
(7 856)
|
(8 324)
|
(8 656)
|
(7 008)
|
(6 626)
|
(5 832)
|
|
Gross Profit |
5 527
N/A
|
5 632
+2%
|
5 977
+6%
|
6 185
+3%
|
6 820
+10%
|
7 702
+13%
|
8 828
+15%
|
9 913
+12%
|
12 690
+28%
|
14 049
+11%
|
15 370
+9%
|
15 667
+2%
|
15 895
+1%
|
17 132
+8%
|
19 063
+11%
|
20 411
+7%
|
19 964
-2%
|
16 805
-16%
|
17 053
+1%
|
16 232
-5%
|
15 622
-4%
|
14 785
-5%
|
15 016
+2%
|
17 424
+16%
|
16 238
-7%
|
15 033
-7%
|
14 874
-1%
|
11 648
-22%
|
13 602
+17%
|
13 445
-1%
|
17 896
+33%
|
18 312
+2%
|
17 408
-5%
|
19 580
+12%
|
22 874
+17%
|
27 767
+21%
|
29 960
+8%
|
31 332
+5%
|
35 201
+12%
|
38 980
+11%
|
36 936
-5%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(3 939)
|
(3 971)
|
(4 484)
|
(4 714)
|
(5 075)
|
(5 513)
|
(6 486)
|
(7 119)
|
(7 908)
|
(7 733)
|
(8 504)
|
(8 649)
|
(8 649)
|
(8 510)
|
(9 666)
|
(10 070)
|
(10 439)
|
(9 645)
|
(10 214)
|
(10 272)
|
(10 506)
|
(9 957)
|
(10 450)
|
(11 505)
|
(10 825)
|
(10 140)
|
(10 652)
|
(9 545)
|
(11 368)
|
(12 236)
|
(13 890)
|
(14 128)
|
(13 238)
|
(11 787)
|
(13 868)
|
(15 153)
|
(15 751)
|
(15 658)
|
(16 793)
|
(17 131)
|
(17 408)
|
|
Selling, General & Administrative |
(1 293)
|
(3 289)
|
(1 458)
|
(1 554)
|
(1 693)
|
(4 818)
|
(1 911)
|
(2 031)
|
(2 119)
|
(6 648)
|
(2 565)
|
(2 748)
|
(2 976)
|
(7 302)
|
(3 512)
|
(3 702)
|
(3 847)
|
(8 010)
|
(3 604)
|
(3 702)
|
(3 747)
|
(8 091)
|
(3 770)
|
(3 983)
|
(4 019)
|
(8 642)
|
(4 278)
|
(4 133)
|
(4 301)
|
(8 956)
|
(4 886)
|
(4 897)
|
(4 771)
|
(9 143)
|
(4 730)
|
(4 851)
|
(5 014)
|
(12 270)
|
(5 288)
|
(5 579)
|
(5 776)
|
|
Research & Development |
0
|
(126)
|
0
|
0
|
0
|
(151)
|
0
|
0
|
0
|
(460)
|
0
|
0
|
0
|
(462)
|
0
|
0
|
0
|
(724)
|
0
|
0
|
0
|
(633)
|
0
|
0
|
0
|
(211)
|
0
|
0
|
0
|
(1 682)
|
0
|
0
|
0
|
(892)
|
0
|
0
|
0
|
(1 211)
|
0
|
0
|
0
|
|
Depreciation & Amortization |
(424)
|
(473)
|
(488)
|
(503)
|
(515)
|
(508)
|
(513)
|
(527)
|
(531)
|
(544)
|
(563)
|
(582)
|
(617)
|
(662)
|
(696)
|
(738)
|
(773)
|
(810)
|
(846)
|
(863)
|
(910)
|
(998)
|
(1 058)
|
(1 126)
|
(1 170)
|
(1 169)
|
(1 227)
|
(1 287)
|
(1 349)
|
(1 426)
|
(1 484)
|
(1 554)
|
(1 609)
|
(1 638)
|
(1 677)
|
(1 696)
|
(1 723)
|
(1 868)
|
(1 874)
|
(1 896)
|
(1 924)
|
|
Other Operating Expenses |
(2 222)
|
(83)
|
(2 539)
|
(2 657)
|
(2 867)
|
(36)
|
(4 062)
|
(4 561)
|
(5 258)
|
(81)
|
(5 376)
|
(5 320)
|
(5 057)
|
(84)
|
(5 458)
|
(5 630)
|
(5 819)
|
(101)
|
(5 764)
|
(5 707)
|
(5 849)
|
(235)
|
(5 622)
|
(6 396)
|
(5 636)
|
(118)
|
(5 147)
|
(4 125)
|
(5 718)
|
(172)
|
(7 520)
|
(7 677)
|
(6 858)
|
(114)
|
(7 461)
|
(8 606)
|
(9 014)
|
(309)
|
(9 631)
|
(9 656)
|
(9 708)
|
|
Operating Income |
1 587
N/A
|
1 661
+5%
|
1 493
-10%
|
1 471
-1%
|
1 746
+19%
|
2 189
+25%
|
2 342
+7%
|
2 794
+19%
|
4 782
+71%
|
6 316
+32%
|
6 866
+9%
|
7 018
+2%
|
7 246
+3%
|
8 622
+19%
|
9 397
+9%
|
10 341
+10%
|
9 525
-8%
|
7 160
-25%
|
6 839
-4%
|
5 960
-13%
|
5 116
-14%
|
4 828
-6%
|
4 566
-5%
|
5 919
+30%
|
5 413
-9%
|
4 893
-10%
|
4 222
-14%
|
2 103
-50%
|
2 234
+6%
|
1 209
-46%
|
4 006
+231%
|
4 184
+4%
|
4 170
0%
|
7 793
+87%
|
9 006
+16%
|
12 614
+40%
|
14 209
+13%
|
15 674
+10%
|
18 408
+17%
|
21 849
+19%
|
19 528
-11%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(297)
|
(214)
|
(332)
|
(336)
|
(287)
|
(198)
|
(180)
|
(146)
|
(156)
|
(12)
|
(192)
|
(192)
|
(189)
|
153
|
(143)
|
(151)
|
(171)
|
963
|
(230)
|
(242)
|
(232)
|
665
|
(187)
|
(152)
|
(133)
|
518
|
(116)
|
(129)
|
(145)
|
363
|
(199)
|
(197)
|
(185)
|
580
|
(145)
|
(149)
|
(157)
|
989
|
(202)
|
(201)
|
(199)
|
|
Non-Reccuring Items |
(151)
|
(151)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(24)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(23)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Gain/Loss on Disposition of Assets |
0
|
7
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
103
|
0
|
0
|
0
|
135
|
0
|
0
|
0
|
163
|
0
|
0
|
0
|
320
|
0
|
0
|
0
|
427
|
0
|
0
|
0
|
178
|
0
|
0
|
0
|
(17)
|
0
|
0
|
0
|
|
Total Other Income |
217
|
40
|
156
|
144
|
125
|
24
|
130
|
141
|
148
|
(36)
|
121
|
145
|
197
|
(6)
|
729
|
1 074
|
1 193
|
(11)
|
1 153
|
1 085
|
1 160
|
31
|
1 051
|
976
|
976
|
65
|
1 019
|
1 142
|
1 136
|
23
|
1 163
|
988
|
894
|
91
|
900
|
989
|
1 151
|
89
|
1 565
|
1 909
|
3 302
|
|
Pre-Tax Income |
1 356
N/A
|
1 342
-1%
|
1 316
-2%
|
1 279
-3%
|
1 584
+24%
|
2 015
+27%
|
2 292
+14%
|
2 789
+22%
|
4 774
+71%
|
6 244
+31%
|
6 795
+9%
|
6 971
+3%
|
7 255
+4%
|
8 872
+22%
|
9 983
+13%
|
11 264
+13%
|
10 547
-6%
|
8 247
-22%
|
7 762
-6%
|
6 803
-12%
|
6 044
-11%
|
5 687
-6%
|
5 430
-5%
|
6 743
+24%
|
6 256
-7%
|
5 796
-7%
|
5 125
-12%
|
3 116
-39%
|
3 225
+3%
|
2 022
-37%
|
4 970
+146%
|
4 975
+0%
|
4 879
-2%
|
8 619
+77%
|
9 761
+13%
|
13 454
+38%
|
15 203
+13%
|
16 735
+10%
|
19 771
+18%
|
23 557
+19%
|
22 631
-4%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(330)
|
(40)
|
(62)
|
(48)
|
(125)
|
(479)
|
(555)
|
(679)
|
(1 080)
|
(1 395)
|
(1 484)
|
(1 477)
|
(1 536)
|
(1 920)
|
(2 157)
|
(2 466)
|
(2 330)
|
(1 823)
|
(1 721)
|
(1 401)
|
(1 191)
|
(1 106)
|
(1 056)
|
(1 507)
|
(1 430)
|
(1 372)
|
(1 172)
|
(551)
|
(490)
|
(322)
|
(816)
|
(904)
|
(989)
|
(1 466)
|
(1 609)
|
(2 180)
|
(2 425)
|
(2 852)
|
(3 406)
|
(4 117)
|
(3 994)
|
|
Income from Continuing Operations |
1 026
|
1 303
|
1 254
|
1 231
|
1 459
|
1 536
|
1 737
|
2 110
|
3 694
|
4 849
|
5 312
|
5 494
|
5 719
|
6 952
|
7 826
|
8 798
|
8 217
|
6 424
|
6 041
|
5 402
|
4 853
|
4 581
|
4 374
|
5 236
|
4 826
|
4 424
|
3 953
|
2 565
|
2 735
|
1 700
|
4 154
|
4 071
|
3 890
|
7 153
|
8 152
|
11 274
|
12 778
|
13 883
|
16 365
|
19 440
|
18 637
|
|
Income to Minority Interest |
16
|
43
|
38
|
31
|
29
|
13
|
8
|
8
|
5
|
11
|
12
|
13
|
11
|
10
|
12
|
17
|
18
|
20
|
19
|
23
|
22
|
27
|
30
|
2
|
(6)
|
(15)
|
(22)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
8
|
14
|
|
Net Income (Common) |
1 042
N/A
|
1 346
+29%
|
1 292
-4%
|
1 262
-2%
|
1 487
+18%
|
1 571
+6%
|
1 767
+12%
|
2 140
+21%
|
3 721
+74%
|
4 860
+31%
|
5 324
+10%
|
5 506
+3%
|
5 730
+4%
|
6 962
+21%
|
7 838
+13%
|
8 815
+12%
|
8 235
-7%
|
6 444
-22%
|
6 060
-6%
|
5 425
-10%
|
4 875
-10%
|
4 608
-5%
|
4 404
-4%
|
5 238
+19%
|
4 820
-8%
|
4 409
-9%
|
3 931
-11%
|
2 558
-35%
|
2 735
+7%
|
1 700
-38%
|
4 154
+144%
|
4 071
-2%
|
3 890
-4%
|
7 153
+84%
|
8 152
+14%
|
11 274
+38%
|
12 778
+13%
|
13 883
+9%
|
16 365
+18%
|
19 448
+19%
|
18 651
-4%
|
|
EPS (Diluted) |
6.29
N/A
|
8.1
+29%
|
7.95
-2%
|
6.71
-16%
|
8.53
+27%
|
9.18
+8%
|
10.11
+10%
|
12.15
+20%
|
21.28
+75%
|
27.93
+31%
|
31.59
+13%
|
31.3
-1%
|
32.26
+3%
|
39.13
+21%
|
42.39
+8%
|
47.85
+13%
|
44.56
-7%
|
34.83
-22%
|
33.22
-5%
|
29.77
-10%
|
26.82
-10%
|
25.31
-6%
|
24.19
-4%
|
28.7
+19%
|
26.38
-8%
|
24.22
-8%
|
21.54
-11%
|
14.02
-35%
|
14.96
+7%
|
9.34
-38%
|
22.75
+144%
|
22.29
-2%
|
21.3
-4%
|
39.18
+84%
|
45.11
+15%
|
62.93
+40%
|
71.36
+13%
|
77.34
+8%
|
91.37
+18%
|
108.58
+19%
|
104.19
-4%
|