JM Financial Ltd
NSE:JMFINANCIL
Income Statement
Earnings Waterfall
JM Financial Ltd
Revenue
|
41.9B
INR
|
Cost of Revenue
|
-15B
INR
|
Gross Profit
|
26.9B
INR
|
Operating Expenses
|
-14.8B
INR
|
Operating Income
|
12.1B
INR
|
Other Expenses
|
-5.1B
INR
|
Net Income
|
7B
INR
|
Income Statement
JM Financial 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 |
10 299
N/A
|
10 067
-2%
|
9 912
-2%
|
11 207
+13%
|
12 654
+13%
|
14 030
+11%
|
15 197
+8%
|
15 435
+2%
|
16 030
+4%
|
16 847
+5%
|
17 782
+6%
|
19 409
+9%
|
21 089
+9%
|
23 593
+12%
|
26 144
+11%
|
28 081
+7%
|
30 036
+7%
|
30 782
+2%
|
31 741
+3%
|
33 771
+6%
|
34 801
+3%
|
34 792
0%
|
34 874
+0%
|
33 723
-3%
|
33 805
+0%
|
34 320
+2%
|
32 688
-5%
|
32 243
-1%
|
32 083
0%
|
31 975
0%
|
34 965
+9%
|
36 580
+5%
|
37 251
+2%
|
37 072
0%
|
35 127
-5%
|
34 081
-3%
|
33 838
-1%
|
32 651
-4%
|
35 389
+8%
|
38 785
+10%
|
41 870
+8%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(4 185)
|
(3 882)
|
(3 772)
|
(4 163)
|
(4 680)
|
(5 174)
|
(5 496)
|
(5 533)
|
(5 697)
|
(5 891)
|
(6 502)
|
(7 299)
|
(7 960)
|
(8 742)
|
(9 359)
|
(9 947)
|
(10 713)
|
(12 426)
|
(12 112)
|
(13 164)
|
(13 979)
|
(14 462)
|
(14 610)
|
(14 289)
|
(14 041)
|
(14 916)
|
(13 089)
|
(12 484)
|
(11 731)
|
(12 631)
|
(10 992)
|
(10 977)
|
(11 029)
|
(12 967)
|
(10 815)
|
(10 639)
|
(10 819)
|
(13 878)
|
(12 837)
|
(14 020)
|
(15 008)
|
|
Gross Profit |
6 113
N/A
|
6 185
+1%
|
6 139
-1%
|
7 045
+15%
|
7 973
+13%
|
8 857
+11%
|
9 701
+10%
|
9 902
+2%
|
10 332
+4%
|
10 955
+6%
|
11 280
+3%
|
12 110
+7%
|
13 128
+8%
|
14 850
+13%
|
16 784
+13%
|
18 134
+8%
|
19 323
+7%
|
18 357
-5%
|
19 629
+7%
|
20 606
+5%
|
20 822
+1%
|
20 329
-2%
|
20 264
0%
|
19 434
-4%
|
19 764
+2%
|
19 404
-2%
|
19 598
+1%
|
19 758
+1%
|
20 352
+3%
|
19 343
-5%
|
23 973
+24%
|
25 602
+7%
|
26 222
+2%
|
24 105
-8%
|
24 312
+1%
|
23 443
-4%
|
23 019
-2%
|
18 773
-18%
|
22 552
+20%
|
24 766
+10%
|
26 862
+8%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(3 244)
|
(3 366)
|
(3 291)
|
(3 505)
|
(3 677)
|
(3 685)
|
(3 911)
|
(3 811)
|
(3 833)
|
(4 025)
|
(4 099)
|
(4 315)
|
(4 660)
|
(4 908)
|
(5 935)
|
(6 530)
|
(6 982)
|
(5 876)
|
(7 456)
|
(7 835)
|
(7 827)
|
(7 354)
|
(7 633)
|
(7 293)
|
(7 537)
|
(6 092)
|
(7 252)
|
(7 403)
|
(7 486)
|
(6 374)
|
(8 894)
|
(9 414)
|
(9 854)
|
(7 614)
|
(9 755)
|
(9 880)
|
(10 118)
|
(9 017)
|
(12 017)
|
(13 625)
|
(14 767)
|
|
Selling, General & Administrative |
(1 995)
|
(3 101)
|
(1 967)
|
(2 227)
|
(2 389)
|
(3 274)
|
(2 502)
|
(2 385)
|
(2 437)
|
(3 645)
|
(2 648)
|
(2 803)
|
(2 975)
|
(4 472)
|
(3 374)
|
(3 587)
|
(3 765)
|
(5 491)
|
(3 999)
|
(4 128)
|
(4 133)
|
(4 216)
|
(4 201)
|
(4 131)
|
(4 330)
|
(5 529)
|
(3 815)
|
(3 920)
|
(3 904)
|
(5 858)
|
(5 118)
|
(5 406)
|
(5 658)
|
(7 106)
|
(5 333)
|
(5 288)
|
(5 454)
|
(8 395)
|
(6 680)
|
(7 631)
|
(8 498)
|
|
Depreciation & Amortization |
(146)
|
(152)
|
(161)
|
(170)
|
(178)
|
(181)
|
(187)
|
(192)
|
(195)
|
(203)
|
(208)
|
(214)
|
(222)
|
(233)
|
(244)
|
(251)
|
(257)
|
(262)
|
(262)
|
(266)
|
(269)
|
(271)
|
(307)
|
(337)
|
(371)
|
(410)
|
(411)
|
(414)
|
(410)
|
(398)
|
(391)
|
(385)
|
(379)
|
(378)
|
(379)
|
(386)
|
(397)
|
(419)
|
(443)
|
(474)
|
(507)
|
|
Other Operating Expenses |
(1 103)
|
(112)
|
(1 163)
|
(1 108)
|
(1 110)
|
(231)
|
(1 222)
|
(1 233)
|
(1 201)
|
(177)
|
(1 243)
|
(1 298)
|
(1 463)
|
(204)
|
(2 317)
|
(2 692)
|
(2 960)
|
(123)
|
(3 195)
|
(3 441)
|
(3 425)
|
(2 867)
|
(3 125)
|
(2 826)
|
(2 836)
|
(152)
|
(3 027)
|
(3 070)
|
(3 172)
|
(118)
|
(3 384)
|
(3 623)
|
(3 818)
|
(130)
|
(4 043)
|
(4 206)
|
(4 266)
|
(204)
|
(4 893)
|
(5 520)
|
(5 763)
|
|
Operating Income |
2 870
N/A
|
2 819
-2%
|
2 849
+1%
|
3 539
+24%
|
4 296
+21%
|
5 172
+20%
|
5 790
+12%
|
6 092
+5%
|
6 500
+7%
|
6 930
+7%
|
7 181
+4%
|
7 796
+9%
|
8 468
+9%
|
9 942
+17%
|
10 849
+9%
|
11 604
+7%
|
12 341
+6%
|
12 480
+1%
|
12 173
-2%
|
12 771
+5%
|
12 995
+2%
|
12 976
0%
|
12 631
-3%
|
12 140
-4%
|
12 228
+1%
|
13 312
+9%
|
12 346
-7%
|
12 355
+0%
|
12 866
+4%
|
12 970
+1%
|
15 079
+16%
|
16 188
+7%
|
16 368
+1%
|
16 491
+1%
|
14 556
-12%
|
13 563
-7%
|
12 901
-5%
|
9 756
-24%
|
10 536
+8%
|
11 141
+6%
|
12 094
+9%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(21)
|
0
|
0
|
0
|
(522)
|
0
|
0
|
0
|
0
|
(220)
|
(220)
|
0
|
139
|
0
|
0
|
0
|
137
|
0
|
(31)
|
(31)
|
128
|
0
|
0
|
0
|
217
|
0
|
0
|
0
|
|
Non-Reccuring Items |
0
|
(4)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(201)
|
0
|
0
|
(77)
|
(378)
|
0
|
0
|
0
|
(351)
|
(101)
|
(599)
|
(1 025)
|
(2 592)
|
(2 790)
|
(3 084)
|
(3 349)
|
(2 592)
|
(2 964)
|
(3 311)
|
(3 374)
|
(3 526)
|
(2 720)
|
(1 874)
|
(1 543)
|
(956)
|
(2 094)
|
(3 070)
|
(3 132)
|
|
Gain/Loss on Disposition of Assets |
0
|
(13)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
110
|
274
|
70
|
(203)
|
(161)
|
(243)
|
203
|
377
|
285
|
31
|
76
|
198
|
163
|
178
|
155
|
316
|
362
|
426
|
389
|
632
|
784
|
844
|
505
|
797
|
769
|
833
|
|
Pre-Tax Income |
2 870
N/A
|
2 802
-2%
|
2 849
+2%
|
3 539
+24%
|
4 296
+21%
|
5 169
+20%
|
5 790
+12%
|
6 092
+5%
|
6 500
+7%
|
6 929
+7%
|
7 181
+4%
|
7 796
+9%
|
8 468
+9%
|
9 717
+15%
|
10 849
+12%
|
11 714
+8%
|
12 538
+7%
|
11 648
-7%
|
11 970
+3%
|
12 610
+5%
|
12 752
+1%
|
12 828
+1%
|
12 688
-1%
|
11 607
-9%
|
11 233
-3%
|
10 935
-3%
|
9 753
-11%
|
9 434
-3%
|
9 695
+3%
|
10 669
+10%
|
12 431
+17%
|
13 209
+6%
|
13 389
+1%
|
13 480
+1%
|
12 468
-8%
|
12 473
+0%
|
12 202
-2%
|
9 526
-22%
|
9 239
-3%
|
8 840
-4%
|
9 795
+11%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(819)
|
(800)
|
(830)
|
(1 035)
|
(1 242)
|
(1 564)
|
(1 784)
|
(1 939)
|
(2 158)
|
(2 224)
|
(2 328)
|
(2 561)
|
(2 769)
|
(3 348)
|
(3 775)
|
(4 042)
|
(4 320)
|
(3 818)
|
(3 977)
|
(4 320)
|
(4 435)
|
(4 463)
|
(4 367)
|
(3 721)
|
(3 336)
|
(3 160)
|
(2 535)
|
(2 347)
|
(2 327)
|
(2 608)
|
(3 015)
|
(3 349)
|
(3 423)
|
(3 557)
|
(3 307)
|
(3 215)
|
(3 149)
|
(2 439)
|
(2 381)
|
(2 303)
|
(2 445)
|
|
Income from Continuing Operations |
2 051
|
2 002
|
2 019
|
2 504
|
3 054
|
3 605
|
4 005
|
4 153
|
4 342
|
4 704
|
4 853
|
5 235
|
5 699
|
6 369
|
7 074
|
7 672
|
8 218
|
7 831
|
7 993
|
8 290
|
8 317
|
8 365
|
8 321
|
7 886
|
7 898
|
7 775
|
7 218
|
7 087
|
7 368
|
8 061
|
9 416
|
9 860
|
9 966
|
9 924
|
9 162
|
9 258
|
9 053
|
7 088
|
6 858
|
6 537
|
7 350
|
|
Income to Minority Interest |
(145)
|
(152)
|
(154)
|
(203)
|
(326)
|
(488)
|
(724)
|
(946)
|
(1 118)
|
(1 253)
|
(1 284)
|
(1 410)
|
(1 536)
|
(1 787)
|
(2 040)
|
(2 210)
|
(2 376)
|
(1 840)
|
(1 842)
|
(2 014)
|
(2 230)
|
(2 649)
|
(2 761)
|
(2 667)
|
(2 484)
|
(2 330)
|
(2 112)
|
(1 885)
|
(1 935)
|
(2 180)
|
(2 437)
|
(2 527)
|
(2 266)
|
(2 192)
|
(1 760)
|
(1 801)
|
(1 861)
|
(1 117)
|
(940)
|
(470)
|
(416)
|
|
Equity Earnings Affiliates |
292
|
245
|
258
|
240
|
242
|
188
|
164
|
289
|
573
|
553
|
573
|
492
|
167
|
120
|
74
|
11
|
18
|
18
|
17
|
15
|
6
|
6
|
8
|
12
|
17
|
4
|
7
|
6
|
7
|
21
|
18
|
17
|
10
|
0
|
(2)
|
(2)
|
(3)
|
2
|
14
|
15
|
23
|
|
Net Income (Common) |
2 199
N/A
|
2 095
-5%
|
2 123
+1%
|
2 541
+20%
|
2 970
+17%
|
3 305
+11%
|
3 445
+4%
|
3 496
+1%
|
3 797
+9%
|
4 005
+5%
|
4 142
+3%
|
4 316
+4%
|
4 331
+0%
|
4 702
+9%
|
5 109
+9%
|
5 473
+7%
|
5 860
+7%
|
6 009
+3%
|
6 168
+3%
|
6 292
+2%
|
6 093
-3%
|
5 722
-6%
|
5 568
-3%
|
5 230
-6%
|
5 431
+4%
|
5 450
+0%
|
5 113
-6%
|
5 208
+2%
|
5 440
+4%
|
5 901
+8%
|
6 997
+19%
|
7 350
+5%
|
7 711
+5%
|
7 732
+0%
|
7 400
-4%
|
7 456
+1%
|
7 190
-4%
|
5 973
-17%
|
5 932
-1%
|
6 081
+3%
|
6 956
+14%
|
|
EPS (Diluted) |
2.83
N/A
|
2.72
-4%
|
2.78
+2%
|
3.3
+19%
|
3.82
+16%
|
4.25
+11%
|
4.38
+3%
|
4.38
N/A
|
4.76
+9%
|
5.04
+6%
|
5.2
+3%
|
5.42
+4%
|
5.44
+0%
|
5.89
+8%
|
6.38
+8%
|
6.83
+7%
|
7.3
+7%
|
7.44
+2%
|
7.3
-2%
|
7.47
+2%
|
7.18
-4%
|
6.79
-5%
|
6.62
-3%
|
6.22
-6%
|
6.45
+4%
|
6.45
N/A
|
5.46
-15%
|
5.72
+5%
|
5.86
+2%
|
6.32
+8%
|
7.33
+16%
|
7.71
+5%
|
8.07
+5%
|
8.09
+0%
|
7.75
-4%
|
7.8
+1%
|
7.52
-4%
|
6.25
-17%
|
6.21
-1%
|
6.37
+3%
|
7.29
+14%
|