Gulshan Polyols Ltd
NSE:GULPOLY
Income Statement
Earnings Waterfall
Gulshan Polyols Ltd
Income Statement
Gulshan Polyols 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-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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
55
|
0
|
0
|
0
|
53
|
0
|
0
|
0
|
40
|
0
|
0
|
0
|
26
|
0
|
0
|
0
|
26
|
0
|
0
|
0
|
26
|
0
|
0
|
0
|
33
|
0
|
0
|
0
|
40
|
0
|
0
|
0
|
68
|
0
|
0
|
0
|
112
|
0
|
0
|
0
|
138
|
0
|
0
|
0
|
114
|
0
|
0
|
0
|
68
|
0
|
0
|
0
|
50
|
0
|
0
|
0
|
61
|
0
|
0
|
0
|
101
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Revenue |
2 162
N/A
|
2 100
-3%
|
2 020
-4%
|
2 093
+4%
|
2 201
+5%
|
2 322
+5%
|
2 452
+6%
|
2 512
+2%
|
2 588
+3%
|
2 682
+4%
|
2 690
+0%
|
2 719
+1%
|
2 728
+0%
|
2 691
-1%
|
2 714
+1%
|
2 706
0%
|
2 823
+4%
|
2 972
+5%
|
3 071
+3%
|
3 237
+5%
|
3 252
+0%
|
3 277
+1%
|
3 535
+8%
|
3 861
+9%
|
4 022
+4%
|
4 211
+5%
|
4 258
+1%
|
4 201
-1%
|
4 412
+5%
|
4 642
+5%
|
4 735
+2%
|
4 934
+4%
|
5 268
+7%
|
5 569
+6%
|
5 786
+4%
|
6 073
+5%
|
6 240
+3%
|
6 299
+1%
|
6 546
+4%
|
6 690
+2%
|
6 739
+1%
|
6 758
+0%
|
6 878
+2%
|
6 557
-5%
|
6 208
-5%
|
5 730
-8%
|
6 050
+6%
|
6 737
+11%
|
7 660
+14%
|
8 836
+15%
|
9 523
+8%
|
10 358
+9%
|
11 007
+6%
|
11 324
+3%
|
11 315
0%
|
11 704
+3%
|
11 797
+1%
|
12 030
+2%
|
12 345
+3%
|
12 739
+3%
|
13 780
+8%
|
15 391
+12%
|
16 717
+9%
|
19 104
+14%
|
20 197
+6%
|
21 584
+7%
|
22 596
+5%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(1 431)
|
(1 379)
|
(1 316)
|
(1 405)
|
(1 480)
|
(1 569)
|
(1 687)
|
(1 696)
|
(1 755)
|
(1 824)
|
(1 836)
|
(1 876)
|
(1 899)
|
(1 851)
|
(1 840)
|
(1 813)
|
(1 863)
|
(1 973)
|
(2 049)
|
(2 170)
|
(2 172)
|
(2 182)
|
(2 366)
|
(2 618)
|
(2 761)
|
(2 903)
|
(2 943)
|
(2 927)
|
(3 076)
|
(3 300)
|
(3 424)
|
(3 642)
|
(3 990)
|
(3 843)
|
(3 777)
|
(3 641)
|
(4 801)
|
(3 773)
|
(3 789)
|
(3 903)
|
(5 178)
|
(3 715)
|
(3 939)
|
(3 726)
|
(4 846)
|
(3 223)
|
(3 177)
|
(3 379)
|
(5 376)
|
(4 253)
|
(4 666)
|
(5 259)
|
(8 264)
|
(6 153)
|
(6 344)
|
(6 700)
|
(9 803)
|
(7 220)
|
(7 454)
|
(8 006)
|
(11 929)
|
(10 042)
|
(11 221)
|
(13 148)
|
(17 613)
|
(15 146)
|
(15 756)
|
|
| Gross Profit |
731
N/A
|
721
-1%
|
705
-2%
|
688
-2%
|
721
+5%
|
753
+4%
|
765
+2%
|
817
+7%
|
833
+2%
|
858
+3%
|
854
0%
|
843
-1%
|
829
-2%
|
840
+1%
|
874
+4%
|
893
+2%
|
960
+7%
|
1 000
+4%
|
1 022
+2%
|
1 067
+4%
|
1 080
+1%
|
1 095
+1%
|
1 169
+7%
|
1 243
+6%
|
1 261
+1%
|
1 308
+4%
|
1 314
+0%
|
1 274
-3%
|
1 335
+5%
|
1 341
+0%
|
1 311
-2%
|
1 293
-1%
|
1 278
-1%
|
1 725
+35%
|
2 009
+16%
|
2 433
+21%
|
1 440
-41%
|
2 526
+75%
|
2 757
+9%
|
2 786
+1%
|
1 561
-44%
|
3 043
+95%
|
2 939
-3%
|
2 831
-4%
|
1 362
-52%
|
2 508
+84%
|
2 873
+15%
|
3 358
+17%
|
2 284
-32%
|
4 583
+101%
|
4 857
+6%
|
5 099
+5%
|
2 744
-46%
|
5 170
+88%
|
4 971
-4%
|
5 004
+1%
|
1 995
-60%
|
4 810
+141%
|
4 891
+2%
|
4 733
-3%
|
1 850
-61%
|
5 349
+189%
|
5 496
+3%
|
5 956
+8%
|
2 583
-57%
|
6 438
+149%
|
6 840
+6%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(451)
|
(481)
|
(472)
|
(463)
|
(523)
|
(557)
|
(581)
|
(616)
|
(610)
|
(623)
|
(620)
|
(617)
|
(592)
|
(593)
|
(610)
|
(618)
|
(652)
|
(679)
|
(699)
|
(730)
|
(749)
|
(777)
|
(849)
|
(905)
|
(946)
|
(971)
|
(957)
|
(935)
|
(965)
|
(981)
|
(991)
|
(1 017)
|
(954)
|
(1 437)
|
(1 710)
|
(2 102)
|
(1 115)
|
(2 131)
|
(2 317)
|
(2 356)
|
(1 167)
|
(2 648)
|
(2 533)
|
(2 408)
|
(984)
|
(2 161)
|
(2 371)
|
(2 660)
|
(1 306)
|
(3 339)
|
(3 487)
|
(3 742)
|
(1 567)
|
(4 207)
|
(4 279)
|
(4 432)
|
(1 402)
|
(4 330)
|
(4 463)
|
(4 398)
|
(1 593)
|
(4 971)
|
(5 104)
|
(5 456)
|
(2 004)
|
(5 748)
|
(5 928)
|
|
| Selling, General & Administrative |
(385)
|
(61)
|
(63)
|
(64)
|
(372)
|
(74)
|
(76)
|
(80)
|
(466)
|
(89)
|
(84)
|
(85)
|
(459)
|
(92)
|
(102)
|
(105)
|
(509)
|
(104)
|
(106)
|
(109)
|
(614)
|
(124)
|
(130)
|
(136)
|
(145)
|
(153)
|
(161)
|
(169)
|
(171)
|
(177)
|
(172)
|
(180)
|
(205)
|
(209)
|
(226)
|
(230)
|
(224)
|
(230)
|
(233)
|
(234)
|
(723)
|
(219)
|
(215)
|
(211)
|
(673)
|
(209)
|
(216)
|
(228)
|
(978)
|
(325)
|
(345)
|
(358)
|
(1 241)
|
(366)
|
(371)
|
(383)
|
(1 113)
|
(319)
|
(317)
|
(307)
|
(1 268)
|
(328)
|
(354)
|
(381)
|
(1 626)
|
(446)
|
(452)
|
|
| Depreciation & Amortization |
(67)
|
(70)
|
(75)
|
(77)
|
(150)
|
(164)
|
(171)
|
(182)
|
(144)
|
(143)
|
(144)
|
(145)
|
(133)
|
(134)
|
(138)
|
(143)
|
(142)
|
(139)
|
(136)
|
(133)
|
(135)
|
(155)
|
(175)
|
(191)
|
(225)
|
(232)
|
(237)
|
(241)
|
(237)
|
(237)
|
(252)
|
(267)
|
(281)
|
(304)
|
(320)
|
(335)
|
(365)
|
(404)
|
(437)
|
(470)
|
(443)
|
(399)
|
(356)
|
(312)
|
(310)
|
(309)
|
(314)
|
(320)
|
(326)
|
(326)
|
(324)
|
(325)
|
(324)
|
(319)
|
(310)
|
(299)
|
(287)
|
(305)
|
(329)
|
(309)
|
(324)
|
(320)
|
(306)
|
(358)
|
(374)
|
(395)
|
(428)
|
|
| Other Operating Expenses |
0
|
(350)
|
(334)
|
(322)
|
0
|
(320)
|
(334)
|
(354)
|
0
|
(391)
|
(392)
|
(387)
|
0
|
(366)
|
(370)
|
(371)
|
0
|
(436)
|
(457)
|
(487)
|
0
|
(498)
|
(543)
|
(578)
|
(576)
|
(586)
|
(559)
|
(525)
|
(556)
|
(566)
|
(567)
|
(570)
|
(469)
|
(924)
|
(1 165)
|
(1 537)
|
(526)
|
(1 497)
|
(1 647)
|
(1 652)
|
(1)
|
(2 030)
|
(1 962)
|
(1 885)
|
(1)
|
(1 644)
|
(1 841)
|
(2 112)
|
(2)
|
(2 688)
|
(2 818)
|
(3 058)
|
(2)
|
(3 522)
|
(3 598)
|
(3 751)
|
(2)
|
(3 706)
|
(3 817)
|
(3 782)
|
(2)
|
(4 324)
|
(4 445)
|
(4 717)
|
(4)
|
(4 908)
|
(5 048)
|
|
| Operating Income |
280
N/A
|
240
-14%
|
233
-3%
|
225
-3%
|
199
-12%
|
195
-2%
|
185
-6%
|
201
+9%
|
224
+11%
|
235
+5%
|
234
0%
|
226
-4%
|
238
+5%
|
248
+4%
|
264
+6%
|
275
+4%
|
308
+12%
|
321
+4%
|
323
+1%
|
337
+4%
|
331
-2%
|
318
-4%
|
320
+1%
|
337
+5%
|
315
-7%
|
337
+7%
|
358
+6%
|
339
-5%
|
370
+9%
|
361
-3%
|
321
-11%
|
276
-14%
|
324
+17%
|
288
-11%
|
299
+4%
|
331
+11%
|
325
-2%
|
395
+21%
|
440
+12%
|
430
-2%
|
393
-9%
|
395
+0%
|
406
+3%
|
423
+4%
|
379
-11%
|
347
-8%
|
502
+45%
|
698
+39%
|
979
+40%
|
1 245
+27%
|
1 370
+10%
|
1 357
-1%
|
1 177
-13%
|
963
-18%
|
691
-28%
|
572
-17%
|
593
+4%
|
480
-19%
|
428
-11%
|
335
-22%
|
257
-23%
|
378
+47%
|
392
+4%
|
500
+27%
|
580
+16%
|
689
+19%
|
912
+32%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(55)
|
(13)
|
(27)
|
(40)
|
(52)
|
(53)
|
(47)
|
(44)
|
(39)
|
(39)
|
(42)
|
(42)
|
(24)
|
(41)
|
(38)
|
(35)
|
(26)
|
(42)
|
(42)
|
(46)
|
(25)
|
(29)
|
(29)
|
(24)
|
4
|
(28)
|
(31)
|
(31)
|
9
|
(40)
|
(42)
|
(51)
|
(22)
|
(70)
|
(82)
|
(91)
|
(95)
|
(118)
|
(119)
|
(126)
|
(131)
|
(142)
|
(147)
|
(139)
|
(104)
|
(105)
|
(94)
|
(79)
|
(52)
|
(52)
|
(45)
|
(53)
|
(30)
|
(52)
|
(56)
|
(55)
|
(26)
|
(72)
|
(97)
|
(86)
|
19
|
(123)
|
(157)
|
(232)
|
(236)
|
(322)
|
(329)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
4
|
9
|
15
|
0
|
(5)
|
(9)
|
(15)
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
6
|
6
|
6
|
6
|
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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
8
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
8
|
5
|
3
|
4
|
3
|
7
|
7
|
8
|
3
|
5
|
16
|
14
|
2
|
17
|
9
|
14
|
2
|
20
|
17
|
15
|
2
|
17
|
21
|
25
|
0
|
45
|
49
|
50
|
0
|
33
|
28
|
30
|
0
|
35
|
32
|
29
|
0
|
20
|
19
|
17
|
5
|
22
|
21
|
16
|
0
|
7
|
9
|
11
|
2
|
22
|
23
|
23
|
0
|
21
|
30
|
51
|
37
|
104
|
130
|
139
|
0
|
106
|
78
|
55
|
0
|
46
|
37
|
|
| Pre-Tax Income |
233
N/A
|
231
-1%
|
208
-10%
|
189
-9%
|
149
-21%
|
154
+3%
|
153
-1%
|
179
+17%
|
188
+5%
|
196
+5%
|
200
+2%
|
183
-8%
|
216
+18%
|
224
+4%
|
234
+5%
|
253
+8%
|
286
+13%
|
299
+5%
|
304
+2%
|
312
+2%
|
316
+1%
|
312
-1%
|
312
+0%
|
338
+8%
|
318
-6%
|
354
+11%
|
376
+6%
|
358
-5%
|
378
+5%
|
354
-7%
|
307
-13%
|
255
-17%
|
303
+19%
|
252
-17%
|
248
-2%
|
270
+9%
|
235
-13%
|
297
+26%
|
341
+15%
|
321
-6%
|
270
-16%
|
274
+2%
|
280
+2%
|
300
+7%
|
274
-9%
|
248
-9%
|
417
+68%
|
630
+51%
|
937
+49%
|
1 215
+30%
|
1 348
+11%
|
1 326
-2%
|
1 148
-13%
|
932
-19%
|
666
-29%
|
568
-15%
|
602
+6%
|
513
-15%
|
462
-10%
|
387
-16%
|
278
-28%
|
361
+30%
|
313
-13%
|
323
+3%
|
344
+6%
|
413
+20%
|
620
+50%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(59)
|
(57)
|
(51)
|
(48)
|
(20)
|
(16)
|
(19)
|
(9)
|
(25)
|
(29)
|
(23)
|
(16)
|
(37)
|
(36)
|
(35)
|
(49)
|
(45)
|
(47)
|
(49)
|
(68)
|
(45)
|
(50)
|
(52)
|
(44)
|
(63)
|
(71)
|
(75)
|
(69)
|
(73)
|
(61)
|
(48)
|
(25)
|
(30)
|
(13)
|
(17)
|
(44)
|
(53)
|
(88)
|
(103)
|
(86)
|
(56)
|
(52)
|
(55)
|
(64)
|
(68)
|
(64)
|
(119)
|
(193)
|
(316)
|
(380)
|
(400)
|
(374)
|
(295)
|
(240)
|
(168)
|
(142)
|
(150)
|
(119)
|
(137)
|
(135)
|
(100)
|
(130)
|
(91)
|
(81)
|
(98)
|
(132)
|
(194)
|
|
| Income from Continuing Operations |
174
|
174
|
157
|
141
|
129
|
138
|
135
|
170
|
163
|
168
|
177
|
167
|
179
|
188
|
199
|
204
|
241
|
252
|
256
|
244
|
271
|
262
|
260
|
294
|
255
|
283
|
301
|
289
|
305
|
293
|
259
|
230
|
273
|
240
|
231
|
225
|
182
|
209
|
238
|
234
|
214
|
222
|
225
|
236
|
206
|
185
|
299
|
437
|
621
|
835
|
948
|
953
|
852
|
692
|
498
|
426
|
452
|
394
|
325
|
252
|
178
|
231
|
221
|
242
|
247
|
281
|
426
|
|
| Net Income (Common) |
174
N/A
|
174
+0%
|
157
-10%
|
142
-10%
|
129
-9%
|
138
+7%
|
135
-2%
|
169
+26%
|
163
-4%
|
168
+3%
|
177
+5%
|
167
-6%
|
170
+2%
|
179
+5%
|
189
+6%
|
194
+3%
|
232
+19%
|
243
+5%
|
246
+2%
|
235
-5%
|
262
+11%
|
252
-4%
|
250
-1%
|
285
+14%
|
245
-14%
|
273
+12%
|
291
+6%
|
279
-4%
|
295
+6%
|
283
-4%
|
249
-12%
|
220
-12%
|
273
+24%
|
240
-12%
|
231
-4%
|
225
-3%
|
182
-19%
|
209
+14%
|
238
+14%
|
234
-2%
|
214
-9%
|
222
+4%
|
225
+1%
|
236
+5%
|
206
-13%
|
185
-10%
|
299
+62%
|
437
+46%
|
621
+42%
|
835
+34%
|
948
+14%
|
953
+0%
|
852
-11%
|
692
-19%
|
498
-28%
|
426
-14%
|
452
+6%
|
394
-13%
|
325
-18%
|
252
-22%
|
178
-30%
|
231
+30%
|
221
-4%
|
242
+10%
|
247
+2%
|
281
+14%
|
426
+52%
|
|
| EPS (Diluted) |
4.16
N/A
|
4.17
+0%
|
3.71
-11%
|
3.41
-8%
|
3.05
-11%
|
3.29
+8%
|
3.22
-2%
|
3.87
+20%
|
3.86
0%
|
3.96
+3%
|
4.13
+4%
|
3.96
-4%
|
4.01
+1%
|
4.23
+5%
|
4.48
+6%
|
4.59
+2%
|
5.49
+20%
|
5.73
+4%
|
5.77
+1%
|
5.55
-4%
|
6.19
+12%
|
5.97
-4%
|
5.31
-11%
|
6.4
+21%
|
5.51
-14%
|
6.15
+12%
|
6.54
+6%
|
6.29
-4%
|
6.37
+1%
|
6.2
-3%
|
5.28
-15%
|
4.68
-11%
|
5.83
+25%
|
5.43
-7%
|
4.6
-15%
|
4.81
+5%
|
3.89
-19%
|
4.45
+14%
|
5.07
+14%
|
4.98
-2%
|
4.57
-8%
|
4.74
+4%
|
4.81
+1%
|
5.04
+5%
|
4.39
-13%
|
3.94
-10%
|
6.36
+61%
|
9.31
+46%
|
10.44
+12%
|
17.79
+70%
|
20.21
+14%
|
19.2
-5%
|
13.67
-29%
|
13.3
-3%
|
7.98
-40%
|
6.82
-15%
|
7.24
+6%
|
6.31
-13%
|
5.22
-17%
|
4.04
-23%
|
2.85
-29%
|
3.7
+30%
|
3.62
-2%
|
3.89
+7%
|
3.95
+2%
|
4.52
+14%
|
6.85
+52%
|
|