Godrej Industries Ltd
NSE:GODREJIND
Income Statement
Earnings Waterfall
Godrej Industries Ltd
Revenue
|
168.9B
INR
|
Cost of Revenue
|
-117.9B
INR
|
Gross Profit
|
50.9B
INR
|
Operating Expenses
|
-40.5B
INR
|
Operating Income
|
10.4B
INR
|
Other Expenses
|
-3.6B
INR
|
Net Income
|
6.7B
INR
|
Income Statement
Godrej Industries Ltd
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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
73 832
N/A
|
79 179
+7%
|
83 644
+6%
|
86 240
+3%
|
89 140
+3%
|
92 299
+4%
|
84 410
-9%
|
87 827
+4%
|
80 032
-9%
|
75 493
-6%
|
80 909
+7%
|
76 851
-5%
|
83 327
+8%
|
84 850
+2%
|
91 213
+7%
|
91 739
+1%
|
91 087
-1%
|
91 242
+0%
|
93 579
+3%
|
96 097
+3%
|
99 270
+3%
|
108 482
+9%
|
107 353
-1%
|
108 256
+1%
|
111 043
+3%
|
112 908
+2%
|
104 258
-8%
|
101 834
-2%
|
98 436
-3%
|
93 335
-5%
|
102 440
+10%
|
111 379
+9%
|
122 960
+10%
|
141 302
+15%
|
152 643
+8%
|
160 051
+5%
|
163 331
+2%
|
163 983
+0%
|
172 214
+5%
|
171 380
0%
|
168 855
-1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(58 002)
|
(65 034)
|
(66 909)
|
(69 330)
|
(72 048)
|
(76 753)
|
(67 421)
|
(70 697)
|
(63 765)
|
(60 875)
|
(63 408)
|
(58 592)
|
(62 989)
|
(66 451)
|
(69 174)
|
(69 439)
|
(69 614)
|
(74 007)
|
(73 518)
|
(76 109)
|
(78 987)
|
(87 257)
|
(80 925)
|
(80 734)
|
(81 944)
|
(87 625)
|
(77 143)
|
(74 979)
|
(72 135)
|
(72 438)
|
(76 128)
|
(83 390)
|
(92 043)
|
(110 787)
|
(113 624)
|
(118 976)
|
(120 183)
|
(127 196)
|
(123 696)
|
(121 192)
|
(117 946)
|
|
Gross Profit |
15 832
N/A
|
14 145
-11%
|
16 735
+18%
|
16 910
+1%
|
17 092
+1%
|
15 546
-9%
|
16 988
+9%
|
17 129
+1%
|
16 266
-5%
|
14 619
-10%
|
17 501
+20%
|
18 258
+4%
|
20 337
+11%
|
18 399
-10%
|
22 038
+20%
|
22 301
+1%
|
21 474
-4%
|
17 235
-20%
|
20 062
+16%
|
19 988
0%
|
20 283
+1%
|
21 225
+5%
|
26 428
+25%
|
27 522
+4%
|
29 100
+6%
|
25 283
-13%
|
27 115
+7%
|
26 855
-1%
|
26 300
-2%
|
20 897
-21%
|
26 312
+26%
|
27 989
+6%
|
30 917
+10%
|
30 514
-1%
|
39 019
+28%
|
41 076
+5%
|
43 148
+5%
|
36 787
-15%
|
48 518
+32%
|
50 187
+3%
|
50 909
+1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(11 920)
|
(10 136)
|
(12 482)
|
(12 836)
|
(13 275)
|
(11 470)
|
(13 103)
|
(12 671)
|
(12 535)
|
(11 805)
|
(14 442)
|
(15 597)
|
(16 175)
|
(13 258)
|
(16 629)
|
(17 003)
|
(17 717)
|
(16 231)
|
(19 119)
|
(19 145)
|
(19 194)
|
(15 746)
|
(20 643)
|
(21 882)
|
(22 758)
|
(19 336)
|
(23 217)
|
(23 164)
|
(23 298)
|
(20 115)
|
(25 277)
|
(26 664)
|
(28 185)
|
(22 571)
|
(29 653)
|
(32 118)
|
(32 290)
|
(27 566)
|
(37 351)
|
(38 707)
|
(40 544)
|
|
Selling, General & Administrative |
(3 028)
|
(4 493)
|
(3 024)
|
(3 133)
|
(3 171)
|
(8 826)
|
(3 262)
|
(3 371)
|
(3 453)
|
(8 035)
|
(3 882)
|
(3 943)
|
(4 080)
|
(9 279)
|
(4 884)
|
(5 004)
|
(5 372)
|
(10 751)
|
(5 859)
|
(5 999)
|
(5 948)
|
(11 155)
|
(6 016)
|
(6 383)
|
(6 735)
|
(12 948)
|
(6 806)
|
(6 812)
|
(6 795)
|
(14 528)
|
(8 296)
|
(8 556)
|
(8 768)
|
(12 665)
|
(8 006)
|
(8 295)
|
(8 751)
|
(16 020)
|
(9 896)
|
(10 765)
|
(11 289)
|
|
Research & Development |
0
|
(18)
|
0
|
0
|
0
|
(31)
|
0
|
0
|
0
|
(25)
|
0
|
0
|
0
|
(30)
|
0
|
0
|
0
|
(23)
|
0
|
0
|
0
|
(40)
|
0
|
0
|
0
|
(41)
|
0
|
0
|
0
|
(46)
|
0
|
0
|
0
|
(63)
|
0
|
0
|
0
|
(100)
|
0
|
0
|
0
|
|
Depreciation & Amortization |
(654)
|
(704)
|
(761)
|
(812)
|
(897)
|
(932)
|
(961)
|
(1 005)
|
(1 054)
|
(1 151)
|
(1 281)
|
(1 372)
|
(1 458)
|
(1 460)
|
(1 536)
|
(1 586)
|
(1 617)
|
(1 733)
|
(1 738)
|
(1 739)
|
(1 735)
|
(1 608)
|
(1 804)
|
(1 973)
|
(2 152)
|
(2 312)
|
(2 349)
|
(2 382)
|
(2 407)
|
(2 375)
|
(2 487)
|
(2 546)
|
(2 641)
|
(2 660)
|
(2 815)
|
(2 904)
|
(2 973)
|
(2 977)
|
(3 185)
|
(3 322)
|
(3 499)
|
|
Other Operating Expenses |
(8 239)
|
(4 921)
|
(8 698)
|
(8 891)
|
(9 207)
|
(1 680)
|
(8 879)
|
(8 295)
|
(8 029)
|
(2 596)
|
(9 279)
|
(10 283)
|
(10 638)
|
(2 490)
|
(10 210)
|
(10 415)
|
(10 729)
|
(3 723)
|
(11 523)
|
(11 408)
|
(11 512)
|
(2 943)
|
(12 825)
|
(13 527)
|
(13 872)
|
(4 035)
|
(14 061)
|
(13 970)
|
(14 096)
|
(3 167)
|
(14 496)
|
(15 564)
|
(16 777)
|
(7 184)
|
(18 831)
|
(20 919)
|
(20 566)
|
(8 470)
|
(24 270)
|
(24 620)
|
(25 756)
|
|
Operating Income |
3 911
N/A
|
4 009
+3%
|
4 253
+6%
|
4 074
-4%
|
3 817
-6%
|
4 076
+7%
|
3 886
-5%
|
4 459
+15%
|
3 732
-16%
|
2 813
-25%
|
3 058
+9%
|
2 661
-13%
|
4 163
+56%
|
5 141
+23%
|
5 412
+5%
|
5 300
-2%
|
3 758
-29%
|
1 004
-73%
|
943
-6%
|
843
-11%
|
1 089
+29%
|
5 479
+403%
|
5 784
+6%
|
5 639
-3%
|
6 340
+12%
|
5 947
-6%
|
3 897
-34%
|
3 690
-5%
|
3 002
-19%
|
782
-74%
|
1 035
+32%
|
1 325
+28%
|
2 732
+106%
|
7 944
+191%
|
9 366
+18%
|
8 957
-4%
|
10 857
+21%
|
9 220
-15%
|
11 166
+21%
|
11 480
+3%
|
10 365
-10%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(2 875)
|
361
|
(1 290)
|
(1 522)
|
(1 687)
|
230
|
(1 898)
|
(1 749)
|
(1 061)
|
2 157
|
(893)
|
(803)
|
(1 147)
|
1 552
|
(736)
|
(821)
|
(722)
|
5 388
|
(608)
|
(359)
|
(76)
|
6 542
|
623
|
42
|
(627)
|
3 564
|
(2 337)
|
(1 716)
|
(1 156)
|
5 840
|
(1 287)
|
(1 895)
|
(2 991)
|
5 403
|
(4 314)
|
(5 453)
|
(6 009)
|
6 777
|
(5 601)
|
(6 390)
|
(7 095)
|
|
Non-Reccuring Items |
1 780
|
694
|
941
|
1 242
|
1 703
|
1 843
|
1 842
|
1 524
|
2 238
|
487
|
323
|
340
|
(613)
|
228
|
227
|
227
|
126
|
121
|
121
|
121
|
0
|
(99)
|
883
|
883
|
883
|
(128)
|
(99)
|
(99)
|
(99)
|
0
|
0
|
0
|
(663)
|
(839)
|
(838)
|
0
|
0
|
31
|
0
|
0
|
0
|
|
Gain/Loss on Disposition of Assets |
0
|
15
|
0
|
0
|
0
|
34
|
0
|
0
|
0
|
32
|
0
|
0
|
0
|
(135)
|
0
|
0
|
0
|
(14)
|
0
|
305
|
0
|
251
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(22)
|
0
|
0
|
0
|
753
|
0
|
0
|
0
|
|
Total Other Income |
1 299
|
(411)
|
1 023
|
992
|
1 108
|
(996)
|
1 357
|
1 448
|
1 595
|
(1 173)
|
2 024
|
2 066
|
2 086
|
(524)
|
2 343
|
2 494
|
2 595
|
(531)
|
5 304
|
5 762
|
6 515
|
(564)
|
4 995
|
5 276
|
5 843
|
(303)
|
6 157
|
6 376
|
6 441
|
(462)
|
7 330
|
7 718
|
8 266
|
337
|
9 417
|
9 752
|
10 715
|
25
|
11 920
|
12 563
|
11 938
|
|
Pre-Tax Income |
4 115
N/A
|
4 667
+13%
|
4 926
+6%
|
4 785
-3%
|
4 939
+3%
|
5 188
+5%
|
5 186
0%
|
5 681
+10%
|
6 504
+14%
|
4 317
-34%
|
4 512
+5%
|
4 265
-5%
|
4 490
+5%
|
6 262
+39%
|
7 247
+16%
|
7 199
-1%
|
5 755
-20%
|
5 969
+4%
|
5 759
-4%
|
6 671
+16%
|
7 528
+13%
|
11 610
+54%
|
12 285
+6%
|
11 839
-4%
|
12 438
+5%
|
9 073
-27%
|
7 619
-16%
|
8 252
+8%
|
8 189
-1%
|
6 159
-25%
|
7 078
+15%
|
7 147
+1%
|
7 343
+3%
|
12 824
+75%
|
13 631
+6%
|
13 254
-3%
|
15 561
+17%
|
16 806
+8%
|
17 485
+4%
|
17 653
+1%
|
15 208
-14%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(1 695)
|
(1 712)
|
(1 654)
|
(1 554)
|
(1 469)
|
(1 366)
|
(1 084)
|
(1 437)
|
(1 335)
|
(1 087)
|
(1 366)
|
(1 064)
|
(1 425)
|
(1 674)
|
(2 206)
|
(2 208)
|
(1 743)
|
(1 125)
|
(906)
|
(781)
|
(766)
|
(2 222)
|
(2 378)
|
(2 303)
|
(2 712)
|
(2 728)
|
(2 264)
|
(2 554)
|
(2 352)
|
(2 263)
|
(2 393)
|
(2 494)
|
(2 568)
|
(2 899)
|
(2 991)
|
(2 431)
|
(2 750)
|
(2 599)
|
(2 941)
|
(3 656)
|
(3 382)
|
|
Income from Continuing Operations |
2 419
|
2 955
|
3 272
|
3 232
|
3 470
|
3 822
|
4 101
|
4 243
|
5 168
|
3 230
|
3 147
|
3 202
|
3 066
|
4 588
|
5 040
|
4 991
|
4 012
|
4 844
|
4 853
|
5 889
|
6 761
|
9 387
|
9 908
|
9 538
|
9 728
|
6 345
|
5 356
|
5 698
|
5 838
|
3 897
|
4 686
|
4 654
|
4 775
|
9 924
|
10 641
|
10 824
|
12 813
|
14 206
|
14 545
|
13 998
|
11 827
|
|
Income to Minority Interest |
(1 298)
|
(1 430)
|
(1 523)
|
(1 570)
|
(1 672)
|
(1 864)
|
(1 970)
|
(2 014)
|
(2 177)
|
(1 622)
|
(1 575)
|
(1 530)
|
(1 554)
|
(2 024)
|
(2 260)
|
(2 133)
|
(1 607)
|
(1 465)
|
(1 252)
|
(1 454)
|
(1 835)
|
(2 742)
|
(2 986)
|
(3 058)
|
(3 060)
|
(2 560)
|
(2 193)
|
(2 139)
|
(2 085)
|
(564)
|
(654)
|
(670)
|
(667)
|
(3 387)
|
(3 450)
|
(3 508)
|
(3 795)
|
(4 459)
|
(5 056)
|
(5 197)
|
(5 108)
|
|
Equity Earnings Affiliates |
1 938
|
1 739
|
1 760
|
1 863
|
1 980
|
2 066
|
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) |
3 058
N/A
|
3 264
+7%
|
3 508
+7%
|
3 524
+0%
|
3 779
+7%
|
4 025
+7%
|
3 876
-4%
|
3 441
-11%
|
3 594
+4%
|
1 516
-58%
|
1 479
-2%
|
1 580
+7%
|
1 420
-10%
|
2 565
+81%
|
2 780
+8%
|
2 858
+3%
|
2 406
-16%
|
3 378
+40%
|
3 360
-1%
|
4 023
+20%
|
4 349
+8%
|
5 895
+36%
|
6 141
+4%
|
7 885
+28%
|
8 237
+4%
|
5 522
-33%
|
5 176
-6%
|
3 570
-31%
|
3 763
+5%
|
3 346
-11%
|
4 044
+21%
|
3 983
-2%
|
4 108
+3%
|
6 537
+59%
|
7 192
+10%
|
7 318
+2%
|
9 020
+23%
|
9 748
+8%
|
9 490
-3%
|
8 801
-7%
|
6 719
-24%
|
|
EPS (Diluted) |
9.1
N/A
|
9.71
+7%
|
10.44
+8%
|
10.36
-1%
|
11.23
+8%
|
11.98
+7%
|
10.79
-10%
|
10.27
-5%
|
10.44
+2%
|
4.51
-57%
|
4.31
-4%
|
4.74
+10%
|
4.11
-13%
|
7.62
+85%
|
8.27
+9%
|
8.28
+0%
|
7.1
-14%
|
10.04
+41%
|
10
0%
|
11.97
+20%
|
12.86
+7%
|
17.49
+36%
|
18.27
+4%
|
23.39
+28%
|
24.44
+4%
|
16.38
-33%
|
15.26
-7%
|
10.62
-30%
|
11.15
+5%
|
9.92
-11%
|
12.03
+21%
|
11.82
-2%
|
12.19
+3%
|
19.39
+59%
|
21.36
+10%
|
21.73
+2%
|
26.78
+23%
|
28.95
+8%
|
28.19
-3%
|
26.13
-7%
|
19.95
-24%
|