Malu Paper Mills Ltd
NSE:MALUPAPER
Income Statement
Earnings Waterfall
Malu Paper Mills Ltd
Income Statement
Malu Paper Mills 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 |
106
|
0
|
0
|
0
|
91
|
0
|
0
|
0
|
116
|
0
|
0
|
0
|
132
|
0
|
0
|
0
|
148
|
0
|
0
|
0
|
145
|
0
|
0
|
0
|
146
|
0
|
0
|
0
|
144
|
0
|
0
|
0
|
128
|
0
|
0
|
0
|
104
|
0
|
0
|
0
|
84
|
0
|
0
|
0
|
69
|
0
|
0
|
0
|
66
|
0
|
0
|
0
|
70
|
0
|
0
|
0
|
78
|
0
|
0
|
0
|
100
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Revenue |
1 516
N/A
|
1 446
-5%
|
1 345
-7%
|
1 239
-8%
|
1 222
-1%
|
1 371
+12%
|
1 498
+9%
|
1 614
+8%
|
1 688
+5%
|
1 662
-2%
|
1 621
-2%
|
1 679
+4%
|
1 693
+1%
|
1 759
+4%
|
1 721
-2%
|
1 693
-2%
|
1 775
+5%
|
1 831
+3%
|
2 010
+10%
|
2 150
+7%
|
2 178
+1%
|
2 199
+1%
|
2 217
+1%
|
2 252
+2%
|
2 308
+3%
|
2 280
-1%
|
2 284
+0%
|
2 260
-1%
|
2 278
+1%
|
2 357
+3%
|
2 442
+4%
|
2 451
+0%
|
2 505
+2%
|
2 587
+3%
|
2 741
+6%
|
2 961
+8%
|
2 821
-5%
|
2 774
-2%
|
2 756
-1%
|
2 652
-4%
|
2 745
+3%
|
2 652
-3%
|
2 452
-8%
|
2 269
-7%
|
2 263
0%
|
1 941
-14%
|
1 720
-11%
|
1 662
-3%
|
1 697
+2%
|
1 812
+7%
|
1 889
+4%
|
1 994
+6%
|
2 119
+6%
|
2 408
+14%
|
2 622
+9%
|
2 531
-3%
|
2 339
-8%
|
2 405
+3%
|
2 432
+1%
|
2 573
+6%
|
2 744
+7%
|
2 621
-4%
|
2 588
-1%
|
2 601
+0%
|
2 779
+7%
|
3 147
+13%
|
3 064
-3%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(1 287)
|
(1 238)
|
(1 208)
|
(1 169)
|
(1 088)
|
(1 224)
|
(1 289)
|
(1 341)
|
(1 472)
|
(1 397)
|
(1 284)
|
(1 293)
|
(1 633)
|
(1 154)
|
(1 154)
|
(1 073)
|
(1 607)
|
(1 169)
|
(1 224)
|
(1 298)
|
(1 285)
|
(1 290)
|
(1 308)
|
(1 330)
|
(1 373)
|
(1 354)
|
(1 386)
|
(1 368)
|
(1 351)
|
(1 427)
|
(1 479)
|
(1 516)
|
(1 587)
|
(1 668)
|
(1 732)
|
(1 872)
|
(1 918)
|
(1 840)
|
(1 837)
|
(1 734)
|
(1 653)
|
(1 570)
|
(1 468)
|
(1 364)
|
(1 339)
|
(1 146)
|
(1 026)
|
(1 006)
|
(1 062)
|
(1 168)
|
(1 234)
|
(1 379)
|
(1 538)
|
(1 735)
|
(1 941)
|
(1 850)
|
(1 651)
|
(1 655)
|
(1 569)
|
(1 604)
|
(1 706)
|
(1 676)
|
(1 686)
|
(1 767)
|
(1 980)
|
(2 293)
|
(2 236)
|
|
| Gross Profit |
230
N/A
|
208
-10%
|
137
-34%
|
70
-49%
|
134
+92%
|
147
+10%
|
209
+42%
|
273
+31%
|
217
-21%
|
266
+23%
|
337
+27%
|
385
+14%
|
60
-84%
|
605
+912%
|
567
-6%
|
620
+9%
|
169
-73%
|
662
+292%
|
786
+19%
|
853
+8%
|
893
+5%
|
909
+2%
|
909
+0%
|
922
+1%
|
935
+1%
|
926
-1%
|
898
-3%
|
892
-1%
|
927
+4%
|
929
+0%
|
963
+4%
|
935
-3%
|
919
-2%
|
919
+0%
|
1 010
+10%
|
1 089
+8%
|
902
-17%
|
933
+3%
|
919
-2%
|
918
0%
|
1 092
+19%
|
1 082
-1%
|
983
-9%
|
905
-8%
|
924
+2%
|
795
-14%
|
694
-13%
|
657
-5%
|
635
-3%
|
644
+1%
|
654
+2%
|
616
-6%
|
581
-6%
|
673
+16%
|
681
+1%
|
681
+0%
|
688
+1%
|
751
+9%
|
864
+15%
|
969
+12%
|
1 039
+7%
|
946
-9%
|
902
-5%
|
834
-8%
|
799
-4%
|
854
+7%
|
828
-3%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(201)
|
(193)
|
(186)
|
(170)
|
(116)
|
(99)
|
(98)
|
(82)
|
(165)
|
(263)
|
(392)
|
(517)
|
(199)
|
(753)
|
(715)
|
(727)
|
(221)
|
(671)
|
(717)
|
(741)
|
(737)
|
(752)
|
(766)
|
(759)
|
(755)
|
(744)
|
(727)
|
(737)
|
(765)
|
(755)
|
(761)
|
(720)
|
(745)
|
(763)
|
(873)
|
(969)
|
(772)
|
(785)
|
(732)
|
(725)
|
(905)
|
(915)
|
(868)
|
(818)
|
(845)
|
(771)
|
(706)
|
(665)
|
(628)
|
(628)
|
(643)
|
(626)
|
(596)
|
(642)
|
(687)
|
(717)
|
(748)
|
(805)
|
(835)
|
(876)
|
(921)
|
(861)
|
(868)
|
(854)
|
(861)
|
(973)
|
(970)
|
|
| Selling, General & Administrative |
(69)
|
(24)
|
(24)
|
(22)
|
(68)
|
(24)
|
(25)
|
(28)
|
(105)
|
(33)
|
(34)
|
(34)
|
(137)
|
(36)
|
(37)
|
(37)
|
(158)
|
(39)
|
(40)
|
(40)
|
(75)
|
(49)
|
(53)
|
(59)
|
(62)
|
(64)
|
(66)
|
(68)
|
(68)
|
(69)
|
(70)
|
(71)
|
(75)
|
(77)
|
(79)
|
(80)
|
(80)
|
(81)
|
(83)
|
(86)
|
(88)
|
(91)
|
(92)
|
(90)
|
(87)
|
(78)
|
(72)
|
(67)
|
(67)
|
(73)
|
(76)
|
(80)
|
(79)
|
(81)
|
(83)
|
(85)
|
(86)
|
(85)
|
(84)
|
(85)
|
(86)
|
(90)
|
(95)
|
(99)
|
(104)
|
(110)
|
(113)
|
|
| Depreciation & Amortization |
(132)
|
(130)
|
(128)
|
(126)
|
(48)
|
(77)
|
(61)
|
(45)
|
(60)
|
(60)
|
(60)
|
(60)
|
(61)
|
(61)
|
(62)
|
(62)
|
(62)
|
(62)
|
(63)
|
(63)
|
(63)
|
(63)
|
(63)
|
(62)
|
(46)
|
(42)
|
(38)
|
(35)
|
(47)
|
(47)
|
(47)
|
(48)
|
(48)
|
(48)
|
(49)
|
(49)
|
(48)
|
(48)
|
(48)
|
(48)
|
(48)
|
(48)
|
(48)
|
(48)
|
(49)
|
(50)
|
(50)
|
(51)
|
(50)
|
(50)
|
(49)
|
(50)
|
(51)
|
(51)
|
(51)
|
(51)
|
(50)
|
(50)
|
(50)
|
(50)
|
(50)
|
(50)
|
(51)
|
(51)
|
(53)
|
(54)
|
(55)
|
|
| Other Operating Expenses |
0
|
(40)
|
(35)
|
(22)
|
0
|
2
|
(13)
|
(9)
|
(0)
|
(171)
|
(298)
|
(422)
|
(1)
|
(656)
|
(617)
|
(628)
|
(1)
|
(570)
|
(615)
|
(638)
|
(600)
|
(641)
|
(651)
|
(639)
|
(646)
|
(638)
|
(622)
|
(635)
|
(650)
|
(639)
|
(644)
|
(601)
|
(622)
|
(637)
|
(746)
|
(840)
|
(644)
|
(656)
|
(601)
|
(591)
|
(769)
|
(777)
|
(729)
|
(680)
|
(709)
|
(644)
|
(583)
|
(547)
|
(511)
|
(505)
|
(518)
|
(496)
|
(466)
|
(510)
|
(552)
|
(580)
|
(612)
|
(669)
|
(701)
|
(742)
|
(785)
|
(720)
|
(722)
|
(703)
|
(704)
|
(810)
|
(802)
|
|
| Operating Income |
29
N/A
|
15
-48%
|
(49)
N/A
|
(100)
-103%
|
18
N/A
|
48
+168%
|
111
+132%
|
192
+74%
|
51
-73%
|
3
-95%
|
(54)
N/A
|
(131)
-142%
|
(140)
-6%
|
(148)
-6%
|
(148)
0%
|
(107)
+27%
|
(52)
+51%
|
(9)
+82%
|
69
N/A
|
111
+62%
|
156
+40%
|
157
+0%
|
143
-8%
|
163
+14%
|
180
+11%
|
182
+1%
|
172
-6%
|
155
-10%
|
162
+5%
|
175
+8%
|
202
+16%
|
215
+6%
|
174
-19%
|
156
-10%
|
136
-13%
|
121
-12%
|
130
+8%
|
149
+14%
|
187
+26%
|
194
+4%
|
187
-3%
|
167
-11%
|
116
-31%
|
88
-24%
|
79
-10%
|
24
-69%
|
(12)
N/A
|
(8)
+32%
|
7
N/A
|
16
+113%
|
11
-28%
|
(10)
N/A
|
(15)
-47%
|
30
N/A
|
(6)
N/A
|
(35)
-512%
|
(60)
-69%
|
(54)
+10%
|
28
N/A
|
92
+224%
|
117
+27%
|
85
-28%
|
34
-60%
|
(20)
N/A
|
(63)
-218%
|
(120)
-92%
|
(143)
-19%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(103)
|
(108)
|
(105)
|
(102)
|
(66)
|
(92)
|
(95)
|
(97)
|
(85)
|
(135)
|
(140)
|
(140)
|
(128)
|
(136)
|
(133)
|
(138)
|
(146)
|
(157)
|
(169)
|
(170)
|
(142)
|
(155)
|
(155)
|
(160)
|
(146)
|
(156)
|
(149)
|
(143)
|
(145)
|
(154)
|
(162)
|
(174)
|
(128)
|
(137)
|
(128)
|
(114)
|
(104)
|
(125)
|
(117)
|
(106)
|
(84)
|
(87)
|
(83)
|
(81)
|
(68)
|
(78)
|
(76)
|
(74)
|
(66)
|
(77)
|
(75)
|
(75)
|
(70)
|
(82)
|
(85)
|
(88)
|
(77)
|
(92)
|
(97)
|
(102)
|
(98)
|
(107)
|
(108)
|
(110)
|
(105)
|
(115)
|
(120)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(18)
|
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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
2
|
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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
0
|
3
|
4
|
3
|
0
|
28
|
28
|
29
|
(10)
|
31
|
30
|
30
|
(7)
|
4
|
4
|
3
|
19
|
27
|
26
|
27
|
6
|
18
|
18
|
18
|
(7)
|
3
|
12
|
23
|
11
|
25
|
19
|
10
|
(4)
|
13
|
13
|
13
|
(5)
|
11
|
11
|
10
|
(3)
|
11
|
11
|
10
|
(0)
|
11
|
11
|
10
|
(3)
|
9
|
10
|
9
|
2
|
10
|
9
|
8
|
(3)
|
7
|
7
|
7
|
(4)
|
6
|
6
|
6
|
(4)
|
5
|
5
|
|
| Pre-Tax Income |
(74)
N/A
|
(90)
-21%
|
(151)
-68%
|
(198)
-32%
|
(46)
+77%
|
(16)
+64%
|
44
N/A
|
124
+180%
|
(43)
N/A
|
(102)
-137%
|
(164)
-61%
|
(241)
-47%
|
(293)
-21%
|
(280)
+4%
|
(277)
+1%
|
(243)
+13%
|
(180)
+26%
|
(140)
+22%
|
(74)
+47%
|
(33)
+56%
|
20
N/A
|
20
+1%
|
7
-68%
|
21
+222%
|
27
+31%
|
28
+3%
|
35
+22%
|
35
+0%
|
28
-18%
|
45
+58%
|
59
+30%
|
51
-13%
|
42
-18%
|
32
-24%
|
21
-33%
|
20
-8%
|
22
+10%
|
35
+63%
|
81
+130%
|
97
+20%
|
101
+4%
|
91
-10%
|
43
-53%
|
17
-61%
|
11
-36%
|
(43)
N/A
|
(77)
-80%
|
(71)
+7%
|
(61)
+14%
|
(52)
+15%
|
(54)
-4%
|
(76)
-40%
|
(83)
-9%
|
(42)
+50%
|
(82)
-98%
|
(115)
-40%
|
(140)
-22%
|
(139)
+1%
|
(62)
+56%
|
(2)
+96%
|
15
N/A
|
(16)
N/A
|
(68)
-315%
|
(124)
-84%
|
(171)
-38%
|
(230)
-34%
|
(257)
-12%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
21
|
31
|
52
|
67
|
(32)
|
(43)
|
(64)
|
(91)
|
13
|
32
|
51
|
75
|
91
|
87
|
81
|
68
|
55
|
39
|
28
|
17
|
(6)
|
(2)
|
(2)
|
(7)
|
(9)
|
(9)
|
(11)
|
(11)
|
(9)
|
(14)
|
(18)
|
(16)
|
(13)
|
(10)
|
(7)
|
(6)
|
(7)
|
(11)
|
(26)
|
(34)
|
(27)
|
(24)
|
(9)
|
3
|
(4)
|
14
|
25
|
14
|
3
|
(3)
|
(5)
|
10
|
20
|
10
|
21
|
30
|
35
|
35
|
15
|
(0)
|
(6)
|
3
|
16
|
32
|
50
|
67
|
75
|
|
| Income from Continuing Operations |
(53)
|
(58)
|
(99)
|
(131)
|
(77)
|
(59)
|
(19)
|
33
|
(30)
|
(71)
|
(113)
|
(166)
|
(202)
|
(193)
|
(197)
|
(175)
|
(124)
|
(102)
|
(46)
|
(16)
|
14
|
19
|
5
|
14
|
19
|
19
|
24
|
24
|
20
|
31
|
40
|
35
|
29
|
22
|
15
|
13
|
15
|
24
|
56
|
64
|
74
|
67
|
34
|
20
|
7
|
(29)
|
(52)
|
(57)
|
(58)
|
(55)
|
(59)
|
(66)
|
(63)
|
(31)
|
(61)
|
(85)
|
(105)
|
(104)
|
(47)
|
(3)
|
9
|
(13)
|
(52)
|
(92)
|
(121)
|
(163)
|
(182)
|
|
| Net Income (Common) |
(53)
N/A
|
(58)
-9%
|
(99)
-70%
|
(131)
-32%
|
(77)
+41%
|
(59)
+24%
|
(19)
+67%
|
33
N/A
|
(30)
N/A
|
(71)
-137%
|
(113)
-60%
|
(166)
-47%
|
(202)
-22%
|
(193)
+4%
|
(197)
-2%
|
(175)
+11%
|
(124)
+29%
|
(102)
+18%
|
(46)
+55%
|
(16)
+66%
|
14
N/A
|
19
+35%
|
5
-76%
|
14
+211%
|
19
+31%
|
19
+3%
|
24
+23%
|
24
+1%
|
20
-18%
|
31
+59%
|
40
+30%
|
35
-13%
|
29
-17%
|
22
-24%
|
15
-33%
|
13
-9%
|
15
+9%
|
24
+63%
|
56
+133%
|
64
+14%
|
74
+17%
|
67
-9%
|
34
-49%
|
20
-43%
|
7
-66%
|
(29)
N/A
|
(52)
-79%
|
(57)
-10%
|
(58)
-1%
|
(55)
+5%
|
(59)
-8%
|
(66)
-12%
|
(63)
+6%
|
(31)
+50%
|
(61)
-95%
|
(85)
-40%
|
(105)
-22%
|
(104)
+1%
|
(47)
+55%
|
(3)
+94%
|
9
N/A
|
(13)
N/A
|
(52)
-287%
|
(92)
-78%
|
(121)
-32%
|
(163)
-34%
|
(182)
-12%
|
|
| EPS (Diluted) |
-3.13
N/A
|
-3.4
-9%
|
-5.78
-70%
|
-7.66
-33%
|
-4.53
+41%
|
-3.46
+24%
|
-1.13
+67%
|
1.95
N/A
|
-1.75
N/A
|
-4.14
-137%
|
-6.64
-60%
|
-9.71
-46%
|
-11.81
-22%
|
-11.36
+4%
|
-11.51
-1%
|
-10.23
+11%
|
-7.28
+29%
|
-5.95
+18%
|
-2.68
+55%
|
-0.92
+66%
|
0.82
N/A
|
1.09
+33%
|
0.26
-76%
|
0.83
+219%
|
1.1
+33%
|
1.12
+2%
|
1.38
+23%
|
1.4
+1%
|
1.14
-19%
|
1.82
+60%
|
2.36
+30%
|
2.04
-14%
|
1.69
-17%
|
1.28
-24%
|
0.85
-34%
|
0.78
-8%
|
0.86
+10%
|
1.4
+63%
|
3.26
+133%
|
3.73
+14%
|
4.35
+17%
|
3.88
-11%
|
2.12
-45%
|
1.15
-46%
|
0.39
-66%
|
-1.7
N/A
|
-3.04
-79%
|
-3.35
-10%
|
-3.38
-1%
|
-3.21
+5%
|
-3.45
-7%
|
-3.88
-12%
|
-3.67
+5%
|
-1.87
+49%
|
-3.59
-92%
|
-5.01
-40%
|
-6.07
-21%
|
-6.26
-3%
|
-2.66
+58%
|
-0.16
+94%
|
0.54
N/A
|
-0.78
N/A
|
-3.03
-288%
|
-5.39
-78%
|
-7.11
-32%
|
-9.56
-34%
|
-10.69
-12%
|
|