REC Limited
NSE:RECLTD
Income Statement
Earnings Waterfall
REC Limited
Revenue
|
447.6B
INR
|
Cost of Revenue
|
-287.7B
INR
|
Gross Profit
|
160B
INR
|
Operating Expenses
|
-6B
INR
|
Operating Income
|
154B
INR
|
Other Expenses
|
-22.7B
INR
|
Net Income
|
131.3B
INR
|
Income Statement
REC Limited
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 |
125 833
N/A
|
193 300
+54%
|
254 077
+31%
|
266 371
+5%
|
278 811
+5%
|
287 400
+3%
|
299 362
+4%
|
310 576
+4%
|
324 940
+5%
|
338 527
+4%
|
349 831
+3%
|
363 961
+4%
|
374 051
+3%
|
382 313
+2%
|
389 291
+2%
|
387 884
0%
|
388 214
+0%
|
388 127
0%
|
394 860
+2%
|
408 497
+3%
|
424 778
+4%
|
447 633
+5%
|
|
Gross Profit | |||||||||||||||||||||||
Cost of Revenue |
(74 425)
|
(115 479)
|
(157 587)
|
(167 125)
|
(176 433)
|
(183 254)
|
(190 884)
|
(197 097)
|
(204 030)
|
(210 886)
|
(215 875)
|
(219 841)
|
(221 350)
|
(222 320)
|
(221 328)
|
(219 186)
|
(220 771)
|
(226 531)
|
(238 037)
|
(255 652)
|
(272 479)
|
(287 651)
|
|
Gross Profit |
51 408
N/A
|
77 820
+51%
|
96 490
+24%
|
99 244
+3%
|
102 375
+3%
|
104 144
+2%
|
108 478
+4%
|
113 479
+5%
|
120 911
+7%
|
127 642
+6%
|
133 956
+5%
|
144 120
+8%
|
152 701
+6%
|
159 994
+5%
|
167 963
+5%
|
168 699
+0%
|
167 444
-1%
|
161 596
-3%
|
156 823
-3%
|
152 845
-3%
|
152 299
0%
|
159 982
+5%
|
|
Operating Income | |||||||||||||||||||||||
Operating Expenses |
(2 751)
|
(3 783)
|
(4 672)
|
(4 607)
|
(4 262)
|
(4 339)
|
(5 929)
|
(6 336)
|
(5 992)
|
(5 757)
|
(4 262)
|
(3 680)
|
(3 830)
|
(4 145)
|
(4 940)
|
(5 772)
|
(5 952)
|
(5 827)
|
(5 416)
|
(4 870)
|
(5 025)
|
(6 001)
|
|
Selling, General & Administrative |
(1 401)
|
(2 195)
|
(4 284)
|
(3 077)
|
(3 782)
|
(3 827)
|
(5 348)
|
(5 349)
|
(4 752)
|
(4 761)
|
(3 883)
|
(3 031)
|
(3 131)
|
(2 980)
|
(4 544)
|
(4 259)
|
(4 366)
|
(4 445)
|
(5 035)
|
(3 494)
|
(3 412)
|
(4 206)
|
|
Depreciation & Amortization |
(38)
|
(60)
|
(83)
|
(89)
|
(99)
|
(105)
|
(118)
|
(121)
|
(118)
|
(116)
|
(109)
|
(110)
|
(131)
|
(156)
|
(182)
|
(213)
|
(225)
|
(235)
|
(243)
|
(241)
|
(244)
|
(243)
|
|
Other Operating Expenses |
(1 313)
|
(1 528)
|
(306)
|
(1 440)
|
(381)
|
(406)
|
(464)
|
(867)
|
(1 123)
|
(880)
|
(269)
|
(541)
|
(568)
|
(1 009)
|
(214)
|
(1 300)
|
(1 363)
|
(1 149)
|
(138)
|
(1 136)
|
(1 369)
|
(1 552)
|
|
Operating Income |
48 657
N/A
|
74 038
+52%
|
91 818
+24%
|
94 639
+3%
|
98 116
+4%
|
99 808
+2%
|
102 549
+3%
|
107 146
+4%
|
114 921
+7%
|
121 887
+6%
|
129 695
+6%
|
140 439
+8%
|
148 869
+6%
|
155 845
+5%
|
163 022
+5%
|
162 924
0%
|
161 490
-1%
|
155 767
-4%
|
151 407
-3%
|
147 973
-2%
|
147 273
0%
|
153 981
+5%
|
|
Pre-Tax Income | |||||||||||||||||||||||
Interest Income Expense |
(778)
|
(7 503)
|
(8 598)
|
(13 294)
|
(20 454)
|
(16 157)
|
(23 746)
|
(22 379)
|
(16 190)
|
(12 443)
|
2 401
|
396
|
677
|
675
|
(4 643)
|
(5 727)
|
(12 199)
|
(15 595)
|
(11 140)
|
(4 646)
|
153
|
2 316
|
|
Non-Reccuring Items |
(1 955)
|
(2 220)
|
(2 435)
|
(872)
|
(3 293)
|
(3 844)
|
(9 195)
|
(11 492)
|
(16 343)
|
(22 830)
|
(24 459)
|
(30 228)
|
(33 400)
|
(34 247)
|
(34 700)
|
(31 966)
|
(23 040)
|
(12 138)
|
(1 422)
|
3 008
|
12 873
|
9 557
|
|
Gain/Loss on Disposition of Assets |
0
|
(2)
|
(9)
|
0
|
(10)
|
(11)
|
(17)
|
0
|
0
|
(41)
|
(40)
|
0
|
0
|
0
|
292
|
0
|
0
|
0
|
(26)
|
0
|
0
|
0
|
|
Total Other Income |
142
|
182
|
128
|
331
|
275
|
275
|
709
|
738
|
801
|
821
|
200
|
219
|
184
|
503
|
334
|
704
|
699
|
502
|
157
|
352
|
403
|
463
|
|
Pre-Tax Income |
46 065
N/A
|
64 493
+40%
|
80 904
+25%
|
80 804
0%
|
74 632
-8%
|
80 069
+7%
|
70 300
-12%
|
74 013
+5%
|
83 189
+12%
|
87 394
+5%
|
107 796
+23%
|
110 826
+3%
|
116 330
+5%
|
122 776
+6%
|
124 305
+1%
|
125 936
+1%
|
126 951
+1%
|
128 537
+1%
|
138 977
+8%
|
146 688
+6%
|
160 702
+10%
|
166 317
+3%
|
|
Net Income | |||||||||||||||||||||||
Tax Provision |
(14 018)
|
(19 606)
|
(23 491)
|
(23 019)
|
(20 950)
|
(22 559)
|
(20 577)
|
(20 927)
|
(21 357)
|
(19 650)
|
(24 014)
|
(22 809)
|
(23 362)
|
(24 654)
|
(23 948)
|
(23 725)
|
(24 341)
|
(24 508)
|
(27 307)
|
(29 880)
|
(33 316)
|
(35 000)
|
|
Income from Continuing Operations |
32 048
|
44 888
|
57 414
|
57 785
|
53 682
|
57 510
|
49 723
|
53 086
|
61 832
|
67 744
|
83 782
|
88 016
|
92 968
|
98 122
|
100 357
|
102 212
|
102 610
|
104 029
|
111 670
|
116 808
|
127 386
|
131 317
|
|
Net Income (Common) |
32 048
N/A
|
44 888
+40%
|
57 414
+28%
|
57 785
+1%
|
53 682
-7%
|
57 510
+7%
|
49 723
-14%
|
53 086
+7%
|
61 832
+16%
|
67 744
+10%
|
83 782
+24%
|
88 016
+5%
|
92 968
+6%
|
98 122
+6%
|
100 357
+2%
|
102 212
+2%
|
102 610
+0%
|
104 029
+1%
|
111 670
+7%
|
116 808
+5%
|
127 386
+9%
|
131 317
+3%
|
|
EPS (Diluted) |
12.18
N/A
|
17.06
+40%
|
21.8
+28%
|
21.93
+1%
|
20.39
-7%
|
21.84
+7%
|
18.88
-14%
|
20.16
+7%
|
23.5
+17%
|
25.75
+10%
|
31.82
+24%
|
33.42
+5%
|
35.31
+6%
|
37.26
+6%
|
38.11
+2%
|
38.81
+2%
|
38.97
+0%
|
39.51
+1%
|
42.41
+7%
|
44.36
+5%
|
48.37
+9%
|
49.86
+3%
|