Maximus International Ltd
BSE:540401
Income Statement
Earnings Waterfall
Maximus International Ltd
Income Statement
Maximus International Ltd
| 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 |
2
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
11
|
0
|
0
|
0
|
14
|
0
|
0
|
0
|
15
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Revenue |
573
N/A
|
625
+9%
|
535
-14%
|
495
-8%
|
307
-38%
|
503
+63%
|
527
+5%
|
592
+12%
|
525
-11%
|
591
+13%
|
607
+3%
|
619
+2%
|
690
+11%
|
720
+4%
|
852
+18%
|
938
+10%
|
997
+6%
|
987
-1%
|
948
-4%
|
968
+2%
|
1 088
+12%
|
1 268
+16%
|
1 379
+9%
|
1 489
+8%
|
1 568
+5%
|
1 572
+0%
|
1 671
+6%
|
1 737
+4%
|
|
| Gross Profit | |||||||||||||||||||||||||||||
| Cost of Revenue |
(531)
|
(570)
|
(479)
|
(435)
|
(241)
|
(388)
|
(386)
|
(432)
|
(381)
|
(453)
|
(471)
|
(485)
|
(540)
|
(566)
|
(690)
|
(770)
|
(810)
|
(795)
|
(752)
|
(747)
|
(909)
|
(1 068)
|
(1 161)
|
(1 259)
|
(1 287)
|
(1 277)
|
(1 365)
|
(1 433)
|
|
| Gross Profit |
41
N/A
|
55
+33%
|
56
+2%
|
60
+7%
|
66
+10%
|
115
+73%
|
141
+23%
|
161
+14%
|
144
-10%
|
138
-4%
|
135
-2%
|
134
-1%
|
150
+12%
|
154
+3%
|
162
+5%
|
168
+4%
|
188
+11%
|
193
+3%
|
195
+1%
|
221
+13%
|
179
-19%
|
200
+11%
|
218
+9%
|
230
+5%
|
281
+22%
|
295
+5%
|
306
+4%
|
304
-1%
|
|
| Operating Income | |||||||||||||||||||||||||||||
| Operating Expenses |
(16)
|
(21)
|
(25)
|
(28)
|
(41)
|
(74)
|
(90)
|
(107)
|
(99)
|
(98)
|
(98)
|
(94)
|
(99)
|
(102)
|
(102)
|
(108)
|
(98)
|
(109)
|
(118)
|
(124)
|
(106)
|
(124)
|
(128)
|
(139)
|
(165)
|
(173)
|
(185)
|
(189)
|
|
| Selling, General & Administrative |
(4)
|
(5)
|
(7)
|
(9)
|
(17)
|
(31)
|
(39)
|
(47)
|
(43)
|
(42)
|
(41)
|
(40)
|
(39)
|
(40)
|
(41)
|
(42)
|
(85)
|
(41)
|
(41)
|
(41)
|
(92)
|
(48)
|
(51)
|
(58)
|
(145)
|
(74)
|
(81)
|
(82)
|
|
| Depreciation & Amortization |
(1)
|
(2)
|
(2)
|
(2)
|
(4)
|
(8)
|
(11)
|
(13)
|
(12)
|
(13)
|
(13)
|
(12)
|
(12)
|
(12)
|
(12)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(14)
|
(15)
|
(16)
|
(17)
|
(18)
|
(19)
|
(20)
|
|
| Other Operating Expenses |
(10)
|
(14)
|
(16)
|
(16)
|
(20)
|
(35)
|
(41)
|
(47)
|
(43)
|
(44)
|
(44)
|
(41)
|
(48)
|
(50)
|
(49)
|
(53)
|
0
|
(56)
|
(64)
|
(71)
|
(1)
|
(62)
|
(62)
|
(64)
|
(3)
|
(82)
|
(85)
|
(87)
|
|
| Operating Income |
26
N/A
|
34
+33%
|
31
-9%
|
32
+4%
|
25
-21%
|
40
+59%
|
51
+25%
|
54
+6%
|
45
-16%
|
40
-11%
|
38
-6%
|
40
+8%
|
50
+25%
|
52
+4%
|
60
+15%
|
60
+1%
|
90
+48%
|
83
-7%
|
78
-7%
|
97
+25%
|
73
-24%
|
75
+3%
|
90
+19%
|
91
+2%
|
116
+28%
|
122
+5%
|
122
0%
|
115
-5%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||
| Interest Income Expense |
(2)
|
(6)
|
(8)
|
(8)
|
(3)
|
(11)
|
(11)
|
(13)
|
(2)
|
(12)
|
(14)
|
(13)
|
(5)
|
(14)
|
(14)
|
(17)
|
(20)
|
(16)
|
(17)
|
(18)
|
(18)
|
(25)
|
(29)
|
(32)
|
(9)
|
(35)
|
(36)
|
(38)
|
|
| Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
|
| Total Other Income |
10
|
16
|
19
|
19
|
8
|
17
|
13
|
12
|
(3)
|
15
|
16
|
15
|
6
|
26
|
28
|
36
|
10
|
1
|
(2)
|
(10)
|
28
|
45
|
48
|
52
|
(6)
|
17
|
25
|
24
|
|
| Pre-Tax Income |
34
N/A
|
44
+30%
|
42
-5%
|
44
+4%
|
31
-30%
|
47
+53%
|
52
+11%
|
53
+1%
|
40
-25%
|
42
+7%
|
40
-7%
|
43
+8%
|
52
+21%
|
64
+25%
|
73
+14%
|
80
+9%
|
79
-1%
|
68
-14%
|
58
-14%
|
69
+20%
|
84
+21%
|
95
+13%
|
108
+14%
|
112
+3%
|
103
-7%
|
104
+0%
|
111
+7%
|
101
-9%
|
|
| Net Income | |||||||||||||||||||||||||||||
| Tax Provision |
(3)
|
(2)
|
(2)
|
(2)
|
(4)
|
(6)
|
(6)
|
(6)
|
(4)
|
(3)
|
(4)
|
(4)
|
(5)
|
(8)
|
(8)
|
(7)
|
(6)
|
(3)
|
(1)
|
(4)
|
(4)
|
(8)
|
(12)
|
(13)
|
(12)
|
(11)
|
(11)
|
(10)
|
|
| Income from Continuing Operations |
31
|
41
|
40
|
42
|
27
|
41
|
46
|
46
|
35
|
39
|
36
|
39
|
46
|
57
|
66
|
73
|
73
|
65
|
57
|
66
|
80
|
88
|
96
|
98
|
91
|
93
|
99
|
91
|
|
| Income to Minority Interest |
0
|
0
|
0
|
(0)
|
(2)
|
(4)
|
(6)
|
(5)
|
(4)
|
(3)
|
(3)
|
(4)
|
(5)
|
(7)
|
(6)
|
(5)
|
(3)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
| Equity Earnings Affiliates |
(12)
|
(17)
|
(14)
|
(10)
|
0
|
0
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
19
N/A
|
24
+28%
|
26
+9%
|
32
+21%
|
25
-21%
|
37
+48%
|
41
+11%
|
42
+2%
|
31
-25%
|
36
+15%
|
33
-8%
|
35
+5%
|
42
+22%
|
50
+18%
|
60
+20%
|
68
+15%
|
70
+2%
|
65
-6%
|
57
-12%
|
65
+14%
|
79
+21%
|
87
+10%
|
96
+10%
|
98
+2%
|
91
-7%
|
93
+2%
|
99
+7%
|
91
-8%
|
|
| EPS (Diluted) |
0.15
N/A
|
1.91
+1 173%
|
2.09
+9%
|
2.62
+25%
|
0.2
-92%
|
2.94
+1 370%
|
3.28
+12%
|
3.33
+2%
|
0.25
-92%
|
0.28
+12%
|
0.26
-7%
|
0.27
+4%
|
0.33
+22%
|
0.4
+21%
|
0.47
+17%
|
0.54
+15%
|
0.55
+2%
|
0.52
-5%
|
0.45
-13%
|
0.51
+13%
|
0.63
+24%
|
0.69
+10%
|
0.67
-3%
|
0.75
+12%
|
0.68
-9%
|
0.68
N/A
|
0.73
+7%
|
0.69
-5%
|
|