MRF Ltd
NSE:MRF
Income Statement
Earnings Waterfall
MRF Ltd
Revenue
|
246.6B
INR
|
Cost of Revenue
|
-149B
INR
|
Gross Profit
|
97.6B
INR
|
Operating Expenses
|
-69.4B
INR
|
Operating Income
|
28.2B
INR
|
Other Expenses
|
-7.9B
INR
|
Net Income
|
20.3B
INR
|
Income Statement
MRF Ltd
Sep-2004 | Dec-2004 | Mar-2005 | Jun-2005 | Sep-2005 | Dec-2005 | Mar-2006 | Jun-2006 | Sep-2006 | Dec-2006 | Mar-2007 | Jun-2007 | Sep-2007 | Dec-2007 | Mar-2008 | Jun-2008 | Sep-2008 | 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 |
25 939
N/A
|
26 519
+2%
|
27 321
+3%
|
28 836
+6%
|
29 949
+4%
|
31 235
+4%
|
33 015
+6%
|
34 917
+6%
|
37 513
+7%
|
39 951
+6%
|
42 015
+5%
|
43 397
+3%
|
44 331
+2%
|
45 324
+2%
|
46 654
+3%
|
48 073
+3%
|
50 871
+6%
|
38 830
-24%
|
78 298
+102%
|
119 248
+52%
|
160 625
+35%
|
166 503
+4%
|
167 111
+0%
|
166 919
0%
|
162 394
-3%
|
142 293
-12%
|
144 661
+2%
|
150 319
+4%
|
161 632
+8%
|
178 865
+11%
|
185 499
+4%
|
188 284
+2%
|
193 167
+3%
|
208 286
+8%
|
217 471
+4%
|
224 716
+3%
|
230 085
+2%
|
237 529
+3%
|
241 437
+2%
|
246 616
+2%
|
|
Gross Profit | |||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(24 269)
|
(23 242)
|
(22 462)
|
(22 141)
|
(23 046)
|
(23 837)
|
(24 981)
|
(26 412)
|
(26 260)
|
(28 040)
|
(29 515)
|
(30 168)
|
(29 870)
|
(30 328)
|
(30 743)
|
(31 485)
|
(34 588)
|
(23 504)
|
(47 302)
|
(72 077)
|
(100 678)
|
(100 813)
|
(100 668)
|
(100 106)
|
(99 903)
|
(83 649)
|
(83 544)
|
(84 878)
|
(95 885)
|
(104 371)
|
(112 318)
|
(119 391)
|
(129 684)
|
(138 819)
|
(148 099)
|
(153 627)
|
(158 573)
|
(154 721)
|
(150 451)
|
(148 984)
|
|
Gross Profit |
1 670
N/A
|
3 277
+96%
|
4 859
+48%
|
6 695
+38%
|
6 903
+3%
|
7 398
+7%
|
8 034
+9%
|
8 505
+6%
|
11 253
+32%
|
11 911
+6%
|
12 500
+5%
|
13 229
+6%
|
14 461
+9%
|
14 996
+4%
|
15 911
+6%
|
16 588
+4%
|
16 283
-2%
|
15 326
-6%
|
30 996
+102%
|
47 172
+52%
|
59 947
+27%
|
65 691
+10%
|
66 444
+1%
|
66 813
+1%
|
62 491
-6%
|
58 644
-6%
|
61 118
+4%
|
65 442
+7%
|
65 747
+0%
|
74 495
+13%
|
73 181
-2%
|
68 894
-6%
|
63 484
-8%
|
69 469
+9%
|
69 374
0%
|
71 089
+2%
|
71 512
+1%
|
82 807
+16%
|
90 985
+10%
|
97 631
+7%
|
|
Operating Income | |||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(957)
|
(2 625)
|
(4 371)
|
(6 240)
|
(5 981)
|
(6 443)
|
(6 951)
|
(7 452)
|
(10 129)
|
(10 567)
|
(10 697)
|
(10 897)
|
(11 373)
|
(11 520)
|
(11 956)
|
(12 771)
|
(13 519)
|
(11 342)
|
(23 354)
|
(35 878)
|
(44 333)
|
(50 857)
|
(52 083)
|
(52 375)
|
(48 329)
|
(47 982)
|
(47 820)
|
(48 942)
|
(47 124)
|
(55 127)
|
(57 390)
|
(58 061)
|
(54 319)
|
(61 004)
|
(61 442)
|
(62 673)
|
(59 824)
|
(65 434)
|
(67 268)
|
(69 424)
|
|
Selling, General & Administrative |
0
|
(409)
|
(825)
|
(1 274)
|
0
|
(1 311)
|
(1 382)
|
(1 436)
|
(2 002)
|
(2 095)
|
(2 161)
|
(2 263)
|
(2 402)
|
(2 460)
|
(2 562)
|
(2 741)
|
(2 760)
|
(2 773)
|
(5 710)
|
(8 741)
|
(34 782)
|
(12 025)
|
(12 450)
|
(12 868)
|
(36 725)
|
(13 470)
|
(13 508)
|
(14 058)
|
(34 919)
|
(14 604)
|
(15 065)
|
(14 875)
|
(41 185)
|
(15 136)
|
(15 278)
|
(15 582)
|
(45 502)
|
(16 460)
|
(16 893)
|
(17 275)
|
|
Depreciation & Amortization |
(960)
|
(977)
|
(1 005)
|
(1 044)
|
0
|
(857)
|
(943)
|
(1 044)
|
(1 458)
|
(1 497)
|
(1 525)
|
(1 522)
|
(1 540)
|
(1 542)
|
(1 556)
|
(1 612)
|
(1 702)
|
(1 871)
|
(3 872)
|
(5 927)
|
(8 076)
|
(8 489)
|
(8 864)
|
(9 302)
|
(9 823)
|
(10 277)
|
(10 748)
|
(11 094)
|
(11 408)
|
(11 689)
|
(11 809)
|
(11 927)
|
(12 051)
|
(12 013)
|
(12 141)
|
(12 343)
|
(12 531)
|
(12 883)
|
(13 303)
|
(13 744)
|
|
Other Operating Expenses |
3
|
(1 241)
|
(2 542)
|
(3 922)
|
(5 981)
|
(4 275)
|
(4 626)
|
(4 972)
|
(6 669)
|
(6 976)
|
(7 011)
|
(7 112)
|
(7 430)
|
(7 518)
|
(7 838)
|
(8 418)
|
(9 058)
|
(6 698)
|
(13 771)
|
(21 209)
|
(1 475)
|
(30 342)
|
(30 768)
|
(30 204)
|
(1 780)
|
(24 236)
|
(23 564)
|
(23 790)
|
(798)
|
(28 835)
|
(30 517)
|
(31 260)
|
(1 083)
|
(33 857)
|
(34 025)
|
(34 750)
|
(1 791)
|
(36 092)
|
(37 073)
|
(38 405)
|
|
Operating Income |
712
N/A
|
651
-9%
|
488
-25%
|
455
-7%
|
923
+103%
|
956
+4%
|
1 083
+13%
|
1 053
-3%
|
1 124
+7%
|
1 344
+20%
|
1 803
+34%
|
2 332
+29%
|
3 088
+32%
|
3 476
+13%
|
3 955
+14%
|
3 818
-3%
|
2 764
-28%
|
3 984
+44%
|
7 642
+92%
|
11 293
+48%
|
15 614
+38%
|
14 833
-5%
|
14 361
-3%
|
14 439
+1%
|
14 162
-2%
|
10 663
-25%
|
13 297
+25%
|
16 499
+24%
|
18 623
+13%
|
19 367
+4%
|
15 791
-18%
|
10 833
-31%
|
9 165
-15%
|
8 464
-8%
|
7 931
-6%
|
8 415
+6%
|
11 688
+39%
|
17 373
+49%
|
23 716
+37%
|
28 207
+19%
|
|
Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(283)
|
(279)
|
(280)
|
(296)
|
(327)
|
(359)
|
(406)
|
(459)
|
(494)
|
(503)
|
(515)
|
(505)
|
(493)
|
(518)
|
(540)
|
(579)
|
(662)
|
(660)
|
(1 349)
|
(2 056)
|
(28)
|
(2 733)
|
(2 762)
|
(2 821)
|
(413)
|
(2 972)
|
(2 806)
|
(2 704)
|
(1 676)
|
(2 623)
|
(2 651)
|
(2 632)
|
(478)
|
(2 559)
|
(2 725)
|
(2 939)
|
(1 265)
|
(3 372)
|
(3 481)
|
(3 522)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
(42)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
(75)
|
0
|
0
|
0
|
(4)
|
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
|
0
|
0
|
0
|
0
|
(59)
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
(49)
|
0
|
0
|
0
|
(22)
|
0
|
0
|
0
|
(77)
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
715
|
1 835
|
3 099
|
995
|
4 560
|
4 395
|
3 871
|
591
|
2 735
|
2 227
|
2 123
|
476
|
2 586
|
3 027
|
3 086
|
490
|
2 587
|
2 470
|
2 489
|
354
|
2 930
|
2 866
|
2 928
|
|
Pre-Tax Income |
429
N/A
|
372
-13%
|
208
-44%
|
159
-24%
|
554
+248%
|
597
+8%
|
677
+13%
|
594
-12%
|
630
+6%
|
841
+33%
|
1 288
+53%
|
1 827
+42%
|
2 595
+42%
|
2 958
+14%
|
3 415
+15%
|
3 239
-5%
|
2 102
-35%
|
4 039
+92%
|
8 128
+101%
|
12 336
+52%
|
16 522
+34%
|
16 660
+1%
|
15 994
-4%
|
15 489
-3%
|
14 343
-7%
|
10 425
-27%
|
12 717
+22%
|
15 917
+25%
|
17 368
+9%
|
19 331
+11%
|
16 168
-16%
|
11 288
-30%
|
9 079
-20%
|
8 492
-6%
|
7 676
-10%
|
7 965
+4%
|
10 697
+34%
|
16 931
+58%
|
23 101
+36%
|
27 613
+20%
|
|
Net Income | |||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(141)
|
(137)
|
(97)
|
(50)
|
(151)
|
(167)
|
(196)
|
(200)
|
(200)
|
(262)
|
(410)
|
(606)
|
(891)
|
(1 025)
|
(1 184)
|
(1 114)
|
(667)
|
(1 364)
|
(2 670)
|
(3 970)
|
(5 216)
|
(5 297)
|
(5 125)
|
(5 115)
|
(117)
|
1 202
|
731
|
323
|
(4 598)
|
(5 039)
|
(4 096)
|
(2 928)
|
(2 387)
|
(2 221)
|
(1 996)
|
(2 030)
|
(3 008)
|
(4 590)
|
(6 192)
|
(7 355)
|
|
Income from Continuing Operations |
288
|
235
|
111
|
109
|
404
|
430
|
480
|
393
|
429
|
580
|
879
|
1 222
|
1 704
|
1 932
|
2 231
|
2 125
|
1 435
|
2 676
|
5 459
|
8 367
|
11 306
|
11 363
|
10 870
|
10 375
|
14 226
|
11 628
|
13 447
|
16 239
|
12 771
|
14 292
|
12 074
|
8 363
|
6 692
|
6 273
|
5 681
|
5 935
|
7 690
|
12 341
|
16 909
|
20 258
|
|
Income to Minority Interest |
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
|
|
Net Income (Common) |
288
N/A
|
235
-18%
|
111
-53%
|
109
-2%
|
404
+271%
|
430
+6%
|
480
+12%
|
393
-18%
|
793
+102%
|
944
+19%
|
1 243
+32%
|
1 586
+28%
|
1 704
+7%
|
1 932
+13%
|
2 231
+15%
|
2 125
-5%
|
1 435
-32%
|
2 676
+86%
|
5 459
+104%
|
8 367
+53%
|
11 306
+35%
|
11 363
+1%
|
10 870
-4%
|
10 375
-5%
|
14 226
+37%
|
11 628
-18%
|
13 447
+16%
|
16 239
+21%
|
12 771
-21%
|
14 292
+12%
|
12 074
-16%
|
8 363
-31%
|
6 692
-20%
|
6 273
-6%
|
5 681
-9%
|
5 935
+4%
|
7 690
+30%
|
12 341
+60%
|
16 909
+37%
|
20 258
+20%
|
|
EPS (Diluted) |
72
N/A
|
58.75
-18%
|
27.75
-53%
|
27.25
-2%
|
101
+271%
|
107.5
+6%
|
120
+12%
|
98.25
-18%
|
198.25
+102%
|
236
+19%
|
310.75
+32%
|
396.5
+28%
|
426
+7%
|
483
+13%
|
557.75
+15%
|
531.25
-5%
|
358.75
-32%
|
669
+86%
|
1 364.75
+104%
|
2 091.75
+53%
|
2 826.5
+35%
|
2 840.75
+1%
|
2 717.5
-4%
|
2 593.75
-5%
|
3 556.5
+37%
|
2 907
-18%
|
3 361.75
+16%
|
4 059.75
+21%
|
3 192.75
-21%
|
3 573
+12%
|
3 018.5
-16%
|
2 090.75
-31%
|
1 673
-20%
|
1 568.25
-6%
|
1 420.25
-9%
|
1 483.75
+4%
|
1 813.1
+22%
|
2 909.88
+60%
|
3 986.85
+37%
|
4 776.46
+20%
|