Praj Industries Ltd
NSE:PRAJIND
Income Statement
Earnings Waterfall
Praj Industries Ltd
Income Statement
Praj Industries Ltd
| Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | 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 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
0
|
0
|
0
|
6
|
13
|
20
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
24
|
0
|
0
|
0
|
22
|
0
|
0
|
0
|
19
|
0
|
0
|
0
|
31
|
0
|
0
|
0
|
94
|
0
|
0
|
0
|
180
|
0
|
0
|
0
|
|
| Revenue |
9 191
N/A
|
9 093
-1%
|
8 848
-3%
|
9 076
+3%
|
9 858
+9%
|
10 340
+5%
|
11 048
+7%
|
10 551
-5%
|
10 118
-4%
|
9 965
-2%
|
9 410
-6%
|
10 241
+9%
|
10 638
+4%
|
10 628
0%
|
10 591
0%
|
9 894
-7%
|
9 552
-3%
|
9 430
-1%
|
9 451
+0%
|
9 606
+2%
|
9 235
-4%
|
9 223
0%
|
9 654
+5%
|
10 475
+8%
|
11 411
+9%
|
11 611
+2%
|
12 042
+4%
|
11 743
-2%
|
11 024
-6%
|
10 203
-7%
|
9 864
-3%
|
10 339
+5%
|
13 047
+26%
|
15 614
+20%
|
18 336
+17%
|
20 714
+13%
|
23 333
+13%
|
26 769
+15%
|
30 211
+13%
|
33 454
+11%
|
35 280
+5%
|
35 349
+0%
|
35 407
+0%
|
34 593
-2%
|
34 663
+0%
|
34 287
-1%
|
33 625
-2%
|
33 869
+1%
|
32 280
-5%
|
31 691
-2%
|
31 945
+1%
|
31 830
0%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(5 234)
|
(4 246)
|
(4 003)
|
(4 114)
|
(5 042)
|
(5 257)
|
(5 799)
|
(5 521)
|
(5 263)
|
(4 733)
|
(4 376)
|
(4 706)
|
(5 267)
|
(5 252)
|
(5 222)
|
(5 106)
|
(5 258)
|
(4 982)
|
(5 013)
|
(5 123)
|
(4 945)
|
(4 717)
|
(4 979)
|
(5 454)
|
(6 291)
|
(6 125)
|
(6 443)
|
(6 213)
|
(5 728)
|
(5 260)
|
(5 092)
|
(5 417)
|
(7 558)
|
(9 033)
|
(10 904)
|
(12 570)
|
(14 842)
|
(16 890)
|
(19 270)
|
(21 248)
|
(22 501)
|
(21 691)
|
(20 954)
|
(19 882)
|
(20 100)
|
(18 530)
|
(17 832)
|
(18 167)
|
(17 035)
|
(16 226)
|
(15 772)
|
(15 486)
|
|
| Gross Profit |
3 957
N/A
|
4 673
+18%
|
4 671
0%
|
4 911
+5%
|
4 817
-2%
|
5 083
+6%
|
5 250
+3%
|
5 030
-4%
|
4 856
-3%
|
5 232
+8%
|
5 035
-4%
|
5 535
+10%
|
5 372
-3%
|
5 376
+0%
|
5 369
0%
|
4 788
-11%
|
4 294
-10%
|
4 448
+4%
|
4 438
0%
|
4 483
+1%
|
4 289
-4%
|
4 506
+5%
|
4 675
+4%
|
5 021
+7%
|
5 121
+2%
|
5 486
+7%
|
5 600
+2%
|
5 530
-1%
|
5 295
-4%
|
4 944
-7%
|
4 773
-3%
|
4 921
+3%
|
5 488
+12%
|
6 581
+20%
|
7 432
+13%
|
8 144
+10%
|
8 492
+4%
|
9 880
+16%
|
10 941
+11%
|
12 206
+12%
|
12 779
+5%
|
13 658
+7%
|
14 453
+6%
|
14 712
+2%
|
14 563
-1%
|
15 757
+8%
|
15 793
+0%
|
15 702
-1%
|
15 246
-3%
|
15 465
+1%
|
16 174
+5%
|
16 344
+1%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(3 266)
|
(4 137)
|
(4 239)
|
(4 400)
|
(4 181)
|
(4 416)
|
(4 551)
|
(4 498)
|
(4 390)
|
(4 666)
|
(4 520)
|
(4 744)
|
(4 480)
|
(4 595)
|
(4 602)
|
(4 241)
|
(3 828)
|
(4 016)
|
(3 999)
|
(4 089)
|
(4 015)
|
(4 200)
|
(4 265)
|
(4 535)
|
(4 524)
|
(4 898)
|
(5 019)
|
(4 952)
|
(4 734)
|
(4 593)
|
(4 420)
|
(4 414)
|
(4 586)
|
(5 230)
|
(5 813)
|
(6 440)
|
(6 779)
|
(7 951)
|
(8 809)
|
(9 706)
|
(9 930)
|
(10 720)
|
(11 401)
|
(11 592)
|
(11 282)
|
(12 438)
|
(12 426)
|
(12 838)
|
(12 931)
|
(13 743)
|
(14 896)
|
(15 212)
|
|
| Selling, General & Administrative |
(2 850)
|
(1 108)
|
(1 132)
|
(1 161)
|
(3 720)
|
(1 290)
|
(1 311)
|
(1 314)
|
(3 709)
|
(1 415)
|
(1 426)
|
(1 511)
|
(3 913)
|
(1 531)
|
(1 582)
|
(1 522)
|
(3 325)
|
(1 462)
|
(1 431)
|
(1 435)
|
(3 488)
|
(1 527)
|
(1 556)
|
(1 604)
|
(4 009)
|
(1 621)
|
(1 643)
|
(1 688)
|
(4 188)
|
(1 595)
|
(1 532)
|
(1 513)
|
(4 058)
|
(1 799)
|
(1 990)
|
(2 147)
|
(6 103)
|
(2 273)
|
(2 366)
|
(2 455)
|
(9 108)
|
(2 662)
|
(2 896)
|
(3 073)
|
(10 842)
|
(3 337)
|
(3 294)
|
(3 354)
|
(11 255)
|
(3 531)
|
(3 551)
|
(3 453)
|
|
| Depreciation & Amortization |
(215)
|
(215)
|
(216)
|
(229)
|
(238)
|
(277)
|
(310)
|
(340)
|
(378)
|
(350)
|
(323)
|
(288)
|
(250)
|
(244)
|
(236)
|
(228)
|
(221)
|
(221)
|
(227)
|
(234)
|
(241)
|
(243)
|
(241)
|
(236)
|
(229)
|
(227)
|
(225)
|
(225)
|
(218)
|
(217)
|
(216)
|
(215)
|
(221)
|
(219)
|
(217)
|
(213)
|
(226)
|
(237)
|
(255)
|
(274)
|
(302)
|
(327)
|
(345)
|
(382)
|
(441)
|
(554)
|
(669)
|
(793)
|
(864)
|
(915)
|
(976)
|
(1 009)
|
|
| Other Operating Expenses |
(200)
|
(2 814)
|
(2 891)
|
(3 011)
|
(224)
|
(2 850)
|
(2 930)
|
(2 845)
|
(303)
|
(2 901)
|
(2 772)
|
(2 944)
|
(318)
|
(2 820)
|
(2 784)
|
(2 490)
|
(282)
|
(2 333)
|
(2 341)
|
(2 420)
|
(286)
|
(2 431)
|
(2 469)
|
(2 696)
|
(287)
|
(3 051)
|
(3 151)
|
(3 039)
|
(326)
|
(2 780)
|
(2 673)
|
(2 686)
|
(306)
|
(3 212)
|
(3 606)
|
(4 080)
|
(451)
|
(5 442)
|
(6 189)
|
(6 976)
|
(520)
|
(7 731)
|
(8 160)
|
(8 137)
|
0
|
(8 548)
|
(8 463)
|
(8 692)
|
(811)
|
(9 297)
|
(10 368)
|
(10 749)
|
|
| Operating Income |
691
N/A
|
710
+3%
|
605
-15%
|
562
-7%
|
636
+13%
|
667
+5%
|
699
+5%
|
532
-24%
|
466
-12%
|
566
+21%
|
514
-9%
|
791
+54%
|
891
+13%
|
781
-12%
|
767
-2%
|
547
-29%
|
466
-15%
|
432
-7%
|
439
+2%
|
394
-10%
|
274
-30%
|
306
+12%
|
410
+34%
|
486
+19%
|
596
+23%
|
587
-1%
|
581
-1%
|
577
-1%
|
562
-3%
|
351
-38%
|
353
+0%
|
508
+44%
|
903
+78%
|
1 352
+50%
|
1 619
+20%
|
1 704
+5%
|
1 712
+0%
|
1 929
+13%
|
2 132
+11%
|
2 501
+17%
|
2 849
+14%
|
2 939
+3%
|
3 052
+4%
|
3 120
+2%
|
3 281
+5%
|
3 319
+1%
|
3 367
+1%
|
2 864
-15%
|
2 314
-19%
|
1 722
-26%
|
1 278
-26%
|
1 132
-11%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
110
|
(105)
|
(38)
|
(9)
|
25
|
(58)
|
(40)
|
(53)
|
233
|
41
|
10
|
20
|
125
|
(7)
|
9
|
5
|
182
|
35
|
58
|
44
|
197
|
89
|
29
|
70
|
292
|
64
|
95
|
64
|
233
|
(31)
|
(22)
|
(29)
|
203
|
(36)
|
(13)
|
20
|
301
|
(2)
|
(11)
|
(51)
|
353
|
61
|
91
|
70
|
494
|
34
|
(144)
|
(19)
|
386
|
(185)
|
(109)
|
(256)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(32)
|
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
|
|
| Gain/Loss on Disposition of Assets |
(2)
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
118
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
2
|
282
|
282
|
282
|
282
|
0
|
0
|
(344)
|
|
| Total Other Income |
125
|
196
|
144
|
202
|
103
|
179
|
234
|
228
|
47
|
322
|
275
|
247
|
38
|
197
|
204
|
214
|
28
|
165
|
130
|
111
|
60
|
176
|
202
|
260
|
24
|
282
|
301
|
285
|
37
|
267
|
241
|
237
|
26
|
258
|
280
|
276
|
35
|
366
|
362
|
389
|
(12)
|
422
|
470
|
483
|
(2)
|
434
|
460
|
507
|
3
|
474
|
394
|
315
|
|
| Pre-Tax Income |
923
N/A
|
800
-13%
|
712
-11%
|
754
+6%
|
769
+2%
|
788
+2%
|
894
+13%
|
707
-21%
|
864
+22%
|
929
+8%
|
799
-14%
|
1 058
+32%
|
1 054
0%
|
971
-8%
|
979
+1%
|
766
-22%
|
675
-12%
|
631
-6%
|
627
-1%
|
550
-12%
|
530
-4%
|
570
+8%
|
640
+12%
|
816
+27%
|
879
+8%
|
934
+6%
|
977
+5%
|
927
-5%
|
831
-10%
|
587
-29%
|
572
-3%
|
716
+25%
|
1 131
+58%
|
1 574
+39%
|
1 885
+20%
|
2 000
+6%
|
2 049
+2%
|
2 293
+12%
|
2 483
+8%
|
2 840
+14%
|
3 187
+12%
|
3 422
+7%
|
3 612
+6%
|
3 673
+2%
|
3 775
+3%
|
4 068
+8%
|
3 964
-3%
|
3 633
-8%
|
2 986
-18%
|
2 011
-33%
|
1 563
-22%
|
846
-46%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(208)
|
(192)
|
(165)
|
(213)
|
(204)
|
(218)
|
(134)
|
(71)
|
(82)
|
(96)
|
(169)
|
(251)
|
(229)
|
(192)
|
(220)
|
(163)
|
(229)
|
(222)
|
(201)
|
(195)
|
(135)
|
(144)
|
(172)
|
(199)
|
(197)
|
(199)
|
(170)
|
(137)
|
(127)
|
(75)
|
(107)
|
(177)
|
(320)
|
(437)
|
(528)
|
(554)
|
(546)
|
(600)
|
(642)
|
(746)
|
(789)
|
(850)
|
(898)
|
(877)
|
(941)
|
(979)
|
(961)
|
(923)
|
(796)
|
(610)
|
(507)
|
(326)
|
|
| Income from Continuing Operations |
715
|
608
|
547
|
541
|
565
|
570
|
760
|
636
|
782
|
833
|
630
|
808
|
825
|
779
|
760
|
603
|
446
|
409
|
426
|
355
|
395
|
426
|
468
|
617
|
682
|
735
|
807
|
789
|
704
|
512
|
464
|
539
|
811
|
1 138
|
1 357
|
1 446
|
1 502
|
1 693
|
1 841
|
2 093
|
2 398
|
2 572
|
2 715
|
2 796
|
2 834
|
3 089
|
3 004
|
2 711
|
2 189
|
1 401
|
1 055
|
521
|
|
| Income to Minority Interest |
(35)
|
(34)
|
(42)
|
(35)
|
(19)
|
(30)
|
(36)
|
(32)
|
(20)
|
(8)
|
(4)
|
(1)
|
0
|
1
|
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)
|
(0)
|
(0)
|
(0)
|
|
| Net Income (Common) |
680
N/A
|
574
-16%
|
505
-12%
|
506
+0%
|
546
+8%
|
540
-1%
|
724
+34%
|
604
-17%
|
763
+26%
|
824
+8%
|
626
-24%
|
806
+29%
|
825
+2%
|
780
-6%
|
760
-3%
|
603
-21%
|
446
-26%
|
409
-8%
|
426
+4%
|
355
-17%
|
395
+11%
|
426
+8%
|
468
+10%
|
617
+32%
|
682
+11%
|
735
+8%
|
807
+10%
|
789
-2%
|
704
-11%
|
512
-27%
|
464
-9%
|
539
+16%
|
810
+50%
|
1 138
+40%
|
1 357
+19%
|
1 446
+7%
|
1 502
+4%
|
1 693
+13%
|
1 841
+9%
|
2 093
+14%
|
2 398
+15%
|
2 572
+7%
|
2 714
+6%
|
2 795
+3%
|
2 834
+1%
|
3 089
+9%
|
3 003
-3%
|
2 710
-10%
|
2 189
-19%
|
1 401
-36%
|
1 055
-25%
|
520
-51%
|
|
| EPS (Diluted) |
3.83
N/A
|
3.24
-15%
|
2.84
-12%
|
2.85
+0%
|
3.08
+8%
|
3.04
-1%
|
4
+32%
|
3.4
-15%
|
4.29
+26%
|
4.53
+6%
|
3.37
-26%
|
4.5
+34%
|
4.61
+2%
|
4.37
-5%
|
4.2
-4%
|
3.37
-20%
|
2.49
-26%
|
2.27
-9%
|
2.42
+7%
|
1.97
-19%
|
2.18
+11%
|
2.34
+7%
|
2.56
+9%
|
3.37
+32%
|
3.74
+11%
|
4.03
+8%
|
4.42
+10%
|
4.32
-2%
|
3.85
-11%
|
2.79
-28%
|
2.53
-9%
|
2.94
+16%
|
4.42
+50%
|
6.18
+40%
|
7.41
+20%
|
7.88
+6%
|
8.18
+4%
|
9.23
+13%
|
10.03
+9%
|
11.4
+14%
|
13.05
+14%
|
13.99
+7%
|
14.79
+6%
|
15.21
+3%
|
15.42
+1%
|
16.81
+9%
|
16.34
-3%
|
14.7
-10%
|
11.91
-19%
|
7.62
-36%
|
5.74
-25%
|
2.81
-51%
|
|