AJR Infra and Tolling Ltd
NSE:AJRINFRA
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|
AJR Infra and Tolling Ltd
NSE:AJRINFRA
|
IN |
|
Gol Linhas Aereas Inteligentes SA
BOVESPA:GOLL4
|
BR |
Income Statement
Earnings Waterfall
AJR Infra and Tolling Ltd
Income Statement
AJR Infra and Tolling Ltd
| Mar-2009 | Jun-2009 | Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | 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-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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
512
|
0
|
0
|
0
|
575
|
0
|
0
|
0
|
987
|
0
|
0
|
0
|
1 460
|
0
|
0
|
0
|
0
|
0
|
0
|
2 134
|
0
|
0
|
2 029
|
0
|
0
|
0
|
0
|
0
|
4 778
|
0
|
0
|
0
|
3 560
|
0
|
0
|
0
|
3 782
|
0
|
0
|
0
|
2 542
|
0
|
0
|
0
|
2 600
|
0
|
0
|
0
|
2 797
|
0
|
0
|
0
|
2 759
|
0
|
0
|
0
|
0
|
|
| Revenue |
1 905
N/A
|
2 194
+15%
|
2 631
+20%
|
3 067
+17%
|
3 278
+7%
|
3 288
+0%
|
3 191
-3%
|
3 182
0%
|
3 359
+6%
|
3 577
+6%
|
3 757
+5%
|
3 964
+5%
|
4 229
+7%
|
4 860
+15%
|
5 369
+10%
|
6 386
+19%
|
6 904
+8%
|
6 904
+0%
|
7 025
+2%
|
4 575
-35%
|
6 654
+45%
|
6 604
-1%
|
5 448
-18%
|
7 951
+46%
|
7 981
+0%
|
8 599
+8%
|
8 674
+1%
|
8 764
+1%
|
15 765
+80%
|
1 239
-92%
|
2 371
+91%
|
3 604
+52%
|
4 967
+38%
|
4 702
-5%
|
4 521
-4%
|
3 986
-12%
|
3 677
-8%
|
3 142
-15%
|
2 669
-15%
|
2 667
0%
|
2 420
-9%
|
2 601
+7%
|
2 752
+6%
|
2 466
-10%
|
1 783
-28%
|
1 282
-28%
|
774
-40%
|
524
-32%
|
911
+74%
|
916
+1%
|
929
+1%
|
940
+1%
|
612
-35%
|
639
+4%
|
701
+10%
|
529
-25%
|
347
-34%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(574)
|
(831)
|
(1 224)
|
(1 563)
|
(1 625)
|
(1 500)
|
(1 249)
|
(1 018)
|
(939)
|
(983)
|
(1 113)
|
(1 253)
|
(1 372)
|
(1 505)
|
(1 534)
|
(1 612)
|
(1 662)
|
(1 657)
|
(1 784)
|
(1 303)
|
(1 695)
|
(1 822)
|
(1 573)
|
(2 245)
|
(2 687)
|
(2 957)
|
(3 118)
|
(3 600)
|
(8 969)
|
(420)
|
(874)
|
(1 362)
|
(1 945)
|
(1 814)
|
(1 649)
|
(1 428)
|
(1 156)
|
(1 089)
|
(1 041)
|
(1 083)
|
(1 155)
|
(1 198)
|
(1 205)
|
(1 033)
|
(658)
|
(389)
|
(140)
|
(3)
|
(610)
|
(610)
|
(610)
|
(610)
|
(12)
|
(12)
|
(12)
|
(12)
|
0
|
|
| Gross Profit |
1 331
N/A
|
1 364
+2%
|
1 407
+3%
|
1 504
+7%
|
1 652
+10%
|
1 789
+8%
|
1 942
+9%
|
2 164
+11%
|
2 420
+12%
|
2 594
+7%
|
2 645
+2%
|
2 711
+2%
|
2 857
+5%
|
3 355
+17%
|
3 835
+14%
|
4 774
+24%
|
5 242
+10%
|
5 248
+0%
|
5 241
0%
|
3 272
-38%
|
4 959
+52%
|
4 783
-4%
|
3 876
-19%
|
5 706
+47%
|
5 294
-7%
|
5 642
+7%
|
5 557
-2%
|
5 165
-7%
|
6 796
+32%
|
820
-88%
|
1 497
+83%
|
2 242
+50%
|
3 022
+35%
|
2 889
-4%
|
2 872
-1%
|
2 559
-11%
|
2 521
-1%
|
2 053
-19%
|
1 628
-21%
|
1 584
-3%
|
1 264
-20%
|
1 404
+11%
|
1 547
+10%
|
1 433
-7%
|
1 124
-22%
|
892
-21%
|
634
-29%
|
521
-18%
|
301
-42%
|
306
+2%
|
319
+4%
|
329
+3%
|
601
+82%
|
627
+4%
|
690
+10%
|
518
-25%
|
347
-33%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(632)
|
(655)
|
(669)
|
(702)
|
(775)
|
(880)
|
(1 028)
|
(1 139)
|
(1 228)
|
(1 302)
|
(1 269)
|
(1 287)
|
(1 316)
|
(1 573)
|
(1 700)
|
(2 077)
|
(2 119)
|
(2 142)
|
(2 315)
|
(1 637)
|
(2 721)
|
(2 798)
|
(2 046)
|
(3 191)
|
(2 905)
|
(3 095)
|
(3 255)
|
(3 093)
|
(1 899)
|
(403)
|
(832)
|
(1 214)
|
(2 119)
|
(2 392)
|
(2 384)
|
(2 433)
|
(1 859)
|
(1 757)
|
1 555
|
1 642
|
(1 287)
|
(1 281)
|
(1 452)
|
(1 466)
|
(1 253)
|
(1 168)
|
(899)
|
(760)
|
(792)
|
(877)
|
(877)
|
(1 047)
|
(919)
|
(962)
|
(1 088)
|
(623)
|
(857)
|
|
| Selling, General & Administrative |
(198)
|
0
|
0
|
0
|
(274)
|
0
|
0
|
0
|
(185)
|
(111)
|
(112)
|
(180)
|
(259)
|
(277)
|
(367)
|
(358)
|
(290)
|
(279)
|
(279)
|
(338)
|
(322)
|
(324)
|
(260)
|
(276)
|
(263)
|
(260)
|
(262)
|
(307)
|
(388)
|
(58)
|
(117)
|
(170)
|
(232)
|
(229)
|
(222)
|
(218)
|
(209)
|
(196)
|
(185)
|
(177)
|
(158)
|
(154)
|
(151)
|
(130)
|
(106)
|
(78)
|
(50)
|
(40)
|
73
|
(40)
|
(41)
|
(41)
|
(39)
|
(41)
|
(40)
|
(33)
|
(21)
|
|
| Depreciation & Amortization |
(428)
|
(437)
|
(433)
|
(454)
|
(496)
|
(579)
|
(682)
|
(773)
|
(855)
|
(885)
|
(788)
|
(768)
|
(776)
|
(936)
|
(1 094)
|
(1 471)
|
(1 614)
|
(1 602)
|
(1 699)
|
(1 196)
|
(2 018)
|
(2 073)
|
(1 682)
|
(2 538)
|
(2 256)
|
(2 421)
|
(2 594)
|
(2 360)
|
(1 000)
|
(272)
|
(544)
|
(814)
|
(1 087)
|
(1 121)
|
(1 167)
|
(1 216)
|
(1 256)
|
(1 172)
|
(1 077)
|
(983)
|
(889)
|
(888)
|
(887)
|
(811)
|
(714)
|
(621)
|
(525)
|
(506)
|
(506)
|
(506)
|
(506)
|
(506)
|
(384)
|
(353)
|
(312)
|
(184)
|
(182)
|
|
| Other Operating Expenses |
(6)
|
(218)
|
(236)
|
(248)
|
(5)
|
(301)
|
(347)
|
(367)
|
(188)
|
(306)
|
(370)
|
(339)
|
(281)
|
(360)
|
(239)
|
(248)
|
(215)
|
(261)
|
(337)
|
(103)
|
(381)
|
(401)
|
(104)
|
(377)
|
(386)
|
(415)
|
(399)
|
(426)
|
(511)
|
(73)
|
(172)
|
(231)
|
(799)
|
(1 042)
|
(996)
|
(999)
|
(393)
|
(389)
|
2 818
|
2 801
|
(239)
|
(240)
|
(413)
|
(526)
|
(432)
|
(469)
|
(323)
|
(214)
|
(359)
|
(331)
|
(331)
|
(500)
|
(497)
|
(568)
|
(737)
|
(406)
|
(654)
|
|
| Operating Income |
699
N/A
|
709
+1%
|
739
+4%
|
802
+9%
|
878
+10%
|
909
+3%
|
914
+1%
|
1 024
+12%
|
1 192
+16%
|
1 293
+8%
|
1 376
+6%
|
1 424
+3%
|
1 542
+8%
|
1 782
+16%
|
2 135
+20%
|
2 698
+26%
|
3 123
+16%
|
3 106
-1%
|
2 926
-6%
|
1 636
-44%
|
2 238
+37%
|
1 985
-11%
|
1 829
-8%
|
2 515
+38%
|
2 389
-5%
|
2 547
+7%
|
2 301
-10%
|
2 072
-10%
|
4 897
+136%
|
417
-91%
|
665
+59%
|
1 027
+55%
|
903
-12%
|
496
-45%
|
488
-2%
|
126
-74%
|
662
+427%
|
296
-55%
|
3 184
+976%
|
3 226
+1%
|
(22)
N/A
|
123
N/A
|
95
-23%
|
(33)
N/A
|
(129)
-291%
|
(275)
-113%
|
(265)
+4%
|
(239)
+10%
|
(491)
-106%
|
(571)
-16%
|
(558)
+2%
|
(717)
-28%
|
(319)
+56%
|
(335)
-5%
|
(398)
-19%
|
(105)
+74%
|
(510)
-384%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(288)
|
(512)
|
(508)
|
(537)
|
(473)
|
(629)
|
(660)
|
(763)
|
(915)
|
(1 115)
|
(1 289)
|
(1 420)
|
(1 547)
|
(1 746)
|
(1 961)
|
(2 761)
|
(2 938)
|
(3 191)
|
(3 395)
|
(2 132)
|
(2 877)
|
(2 872)
|
(2 030)
|
(2 656)
|
(2 529)
|
(2 355)
|
(2 225)
|
(2 335)
|
(4 778)
|
(871)
|
(1 755)
|
(2 678)
|
(3 551)
|
(3 692)
|
(3 796)
|
(3 592)
|
(3 748)
|
(3 500)
|
(3 148)
|
(3 077)
|
(2 512)
|
(2 587)
|
(2 631)
|
(2 620)
|
(2 557)
|
(2 564)
|
(2 561)
|
(2 642)
|
(2 363)
|
(2 508)
|
(2 612)
|
(2 676)
|
(2 654)
|
(2 687)
|
(2 634)
|
(2 209)
|
(1 941)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(30)
|
0
|
(97)
|
(97)
|
(107)
|
(97)
|
0
|
0
|
(10)
|
0
|
0
|
(3)
|
(380)
|
(380)
|
(431)
|
(380)
|
0
|
0
|
0
|
0
|
(579)
|
0
|
0
|
0
|
(240)
|
0
|
0
|
0
|
3 166
|
3 196
|
0
|
0
|
0
|
0
|
0
|
0
|
(7 038)
|
(19 804)
|
(19 819)
|
(19 824)
|
(13 425)
|
(659)
|
(645)
|
(640)
|
594
|
594
|
8 606
|
8 606
|
8 013
|
|
| Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(6)
|
0
|
0
|
(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
|
2
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
11
|
174
|
134
|
74
|
19
|
96
|
88
|
85
|
10
|
107
|
128
|
122
|
10
|
58
|
48
|
64
|
6
|
85
|
88
|
(47)
|
81
|
124
|
20
|
134
|
124
|
70
|
58
|
40
|
(1 237)
|
44
|
81
|
164
|
240
|
319
|
319
|
331
|
193
|
250
|
237
|
163
|
80
|
241
|
241
|
252
|
207
|
94
|
92
|
81
|
264
|
441
|
466
|
484
|
86
|
149
|
228
|
107
|
11
|
|
| Pre-Tax Income |
422
N/A
|
370
-12%
|
365
-1%
|
339
-7%
|
424
+25%
|
376
-11%
|
342
-9%
|
346
+1%
|
255
-26%
|
285
+12%
|
117
-59%
|
28
-76%
|
(105)
N/A
|
(3)
+97%
|
221
N/A
|
(0)
N/A
|
175
N/A
|
0
-100%
|
(381)
N/A
|
(549)
-44%
|
(938)
-71%
|
(1 142)
-22%
|
(612)
+46%
|
(387)
+37%
|
(16)
+96%
|
262
N/A
|
134
-49%
|
(224)
N/A
|
(1 697)
-659%
|
(410)
+76%
|
(1 010)
-146%
|
(1 487)
-47%
|
(2 647)
-78%
|
(2 877)
-9%
|
(2 990)
-4%
|
(3 136)
-5%
|
273
N/A
|
243
-11%
|
273
+12%
|
312
+14%
|
(2 454)
N/A
|
(2 224)
+9%
|
(2 296)
-3%
|
(2 401)
-5%
|
(9 514)
-296%
|
(22 550)
-137%
|
(22 553)
0%
|
(22 623)
0%
|
(16 013)
+29%
|
(3 297)
+79%
|
(3 350)
-2%
|
(3 549)
-6%
|
(2 294)
+35%
|
(2 279)
+1%
|
5 801
N/A
|
6 399
+10%
|
5 574
-13%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(49)
|
(53)
|
(56)
|
(30)
|
(105)
|
(93)
|
(111)
|
(136)
|
(46)
|
(58)
|
(13)
|
(11)
|
(115)
|
(134)
|
(204)
|
(37)
|
74
|
130
|
202
|
(9)
|
(24)
|
(32)
|
(24)
|
(176)
|
(54)
|
(104)
|
(65)
|
101
|
(411)
|
139
|
277
|
425
|
548
|
373
|
192
|
10
|
(127)
|
(92)
|
(40)
|
(51)
|
(313)
|
(328)
|
(357)
|
(327)
|
(60)
|
(49)
|
(37)
|
(29)
|
(37)
|
(39)
|
(40)
|
(40)
|
(12)
|
43
|
(147)
|
(138)
|
(165)
|
|
| Income from Continuing Operations |
373
|
317
|
309
|
309
|
319
|
284
|
232
|
211
|
209
|
227
|
104
|
17
|
(220)
|
(137)
|
17
|
(38)
|
249
|
130
|
(179)
|
(558)
|
(962)
|
(1 173)
|
(635)
|
(563)
|
(69)
|
158
|
69
|
(123)
|
(2 109)
|
(271)
|
(733)
|
(1 062)
|
(2 099)
|
(2 504)
|
(2 798)
|
(3 126)
|
147
|
150
|
232
|
261
|
(2 767)
|
(2 552)
|
(2 653)
|
(2 728)
|
(9 574)
|
(22 598)
|
(22 590)
|
(22 652)
|
(16 050)
|
(3 337)
|
(3 390)
|
(3 589)
|
(2 306)
|
(2 236)
|
5 654
|
6 261
|
5 409
|
|
| Income to Minority Interest |
(23)
|
(12)
|
(22)
|
(31)
|
(40)
|
(56)
|
(46)
|
(55)
|
(48)
|
(48)
|
(46)
|
(31)
|
(34)
|
(28)
|
(37)
|
(75)
|
(101)
|
(116)
|
(98)
|
(6)
|
(8)
|
14
|
(9)
|
(22)
|
(36)
|
(19)
|
14
|
43
|
(17)
|
96
|
215
|
331
|
544
|
579
|
595
|
622
|
526
|
487
|
439
|
365
|
434
|
426
|
422
|
438
|
341
|
350
|
365
|
373
|
396
|
402
|
413
|
427
|
427
|
446
|
421
|
313
|
202
|
|
| Equity Earnings Affiliates |
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
|
72
|
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) |
338
N/A
|
286
-15%
|
282
-1%
|
276
-2%
|
263
-5%
|
219
-17%
|
167
-24%
|
136
-19%
|
161
+19%
|
178
+11%
|
58
-67%
|
(14)
N/A
|
(254)
-1 701%
|
(166)
+35%
|
(19)
+88%
|
(113)
-480%
|
147
N/A
|
14
-91%
|
(277)
N/A
|
(564)
-104%
|
(970)
-72%
|
(1 159)
-19%
|
(403)
+65%
|
(343)
+15%
|
137
N/A
|
381
+178%
|
82
-78%
|
(80)
N/A
|
(2 054)
-2 464%
|
(175)
+91%
|
(519)
-197%
|
(730)
-41%
|
(1 555)
-113%
|
(1 925)
-24%
|
(2 203)
-14%
|
(2 504)
-14%
|
672
N/A
|
637
-5%
|
671
+5%
|
626
-7%
|
(2 333)
N/A
|
(2 126)
+9%
|
(2 231)
-5%
|
(2 290)
-3%
|
(9 234)
-303%
|
(22 248)
-141%
|
(22 225)
+0%
|
(22 280)
0%
|
(15 654)
+30%
|
(2 934)
+81%
|
(2 977)
-1%
|
(3 162)
-6%
|
(1 879)
+41%
|
(1 790)
+5%
|
6 075
N/A
|
6 573
+8%
|
5 611
-15%
|
|
| EPS (Diluted) |
0.45
N/A
|
0.39
-13%
|
0.37
-5%
|
0.36
-3%
|
0.35
-3%
|
0.3
-14%
|
0.23
-23%
|
0.19
-17%
|
0.21
+11%
|
0.27
+29%
|
0.07
-74%
|
-0.03
N/A
|
-0.35
-1 067%
|
-0.24
+31%
|
-0.02
+92%
|
-0.15
-650%
|
0.2
N/A
|
0.02
-90%
|
-0.38
N/A
|
-0.77
-103%
|
-1.32
-71%
|
-1.58
-20%
|
-0.42
+73%
|
-0.36
+14%
|
0.14
N/A
|
0.4
+186%
|
0.09
-78%
|
-0.08
N/A
|
-2.18
-2 625%
|
-0.19
+91%
|
-0.55
-189%
|
-0.77
-40%
|
-1.65
-114%
|
-2.04
-24%
|
-2.34
-15%
|
-2.66
-14%
|
0.71
N/A
|
0.68
-4%
|
0.72
+6%
|
0.67
-7%
|
-2.48
N/A
|
-2.26
+9%
|
-2.37
-5%
|
-2.43
-3%
|
-9.8
-303%
|
-23.63
-141%
|
-23.58
+0%
|
-23.57
+0%
|
-16.62
+29%
|
-3.11
+81%
|
-3.18
-2%
|
-3.36
-6%
|
-2
+40%
|
-1.91
+5%
|
6.45
N/A
|
6.98
+8%
|
5.96
-15%
|
|