Salzer Electronics Ltd
NSE:SALZERELEC
Income Statement
Earnings Waterfall
Salzer Electronics Ltd
Revenue
|
11.4B
INR
|
Cost of Revenue
|
-8.8B
INR
|
Gross Profit
|
2.6B
INR
|
Operating Expenses
|
-1.7B
INR
|
Operating Income
|
895.4m
INR
|
Other Expenses
|
-469.7m
INR
|
Net Income
|
425.7m
INR
|
Income Statement
Salzer Electronics 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 |
2 395
N/A
|
2 445
+2%
|
2 601
+6%
|
2 626
+1%
|
2 716
+3%
|
2 833
+4%
|
3 058
+8%
|
3 189
+4%
|
3 397
+7%
|
3 611
+6%
|
3 694
+2%
|
3 885
+5%
|
3 985
+3%
|
4 437
+11%
|
4 594
+4%
|
4 602
+0%
|
4 706
+2%
|
4 533
-4%
|
4 647
+2%
|
4 986
+7%
|
5 315
+7%
|
5 598
+5%
|
5 954
+6%
|
6 046
+2%
|
6 014
-1%
|
5 844
-3%
|
5 205
-11%
|
5 318
+2%
|
5 683
+7%
|
6 257
+10%
|
6 801
+9%
|
7 249
+7%
|
7 669
+6%
|
8 035
+5%
|
8 959
+11%
|
9 415
+5%
|
9 683
+3%
|
10 372
+7%
|
10 827
+4%
|
11 178
+3%
|
11 426
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 648)
|
(1 741)
|
(1 796)
|
(1 803)
|
(1 877)
|
(1 959)
|
(2 124)
|
(2 212)
|
(2 389)
|
(2 566)
|
(2 663)
|
(2 837)
|
(2 933)
|
(3 384)
|
(3 529)
|
(3 527)
|
(3 589)
|
(3 340)
|
(3 414)
|
(3 672)
|
(3 929)
|
(4 188)
|
(4 493)
|
(4 552)
|
(4 477)
|
(4 598)
|
(3 770)
|
(3 865)
|
(4 253)
|
(5 075)
|
(5 217)
|
(5 641)
|
(5 976)
|
(6 663)
|
(7 100)
|
(7 404)
|
(7 547)
|
(8 514)
|
(8 383)
|
(8 657)
|
(8 783)
|
|
Gross Profit |
747
N/A
|
705
-6%
|
805
+14%
|
823
+2%
|
839
+2%
|
874
+4%
|
934
+7%
|
977
+5%
|
1 009
+3%
|
1 045
+4%
|
1 031
-1%
|
1 048
+2%
|
1 052
+0%
|
1 053
+0%
|
1 065
+1%
|
1 074
+1%
|
1 117
+4%
|
1 193
+7%
|
1 232
+3%
|
1 315
+7%
|
1 386
+5%
|
1 410
+2%
|
1 462
+4%
|
1 494
+2%
|
1 538
+3%
|
1 246
-19%
|
1 435
+15%
|
1 453
+1%
|
1 430
-2%
|
1 182
-17%
|
1 585
+34%
|
1 609
+2%
|
1 693
+5%
|
1 372
-19%
|
1 860
+35%
|
2 011
+8%
|
2 136
+6%
|
1 858
-13%
|
2 444
+32%
|
2 521
+3%
|
2 643
+5%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(529)
|
(478)
|
(555)
|
(553)
|
(570)
|
(591)
|
(617)
|
(645)
|
(657)
|
(700)
|
(700)
|
(705)
|
(714)
|
(697)
|
(723)
|
(727)
|
(735)
|
(765)
|
(774)
|
(828)
|
(881)
|
(895)
|
(924)
|
(943)
|
(981)
|
(725)
|
(992)
|
(1 004)
|
(977)
|
(709)
|
(1 059)
|
(1 087)
|
(1 164)
|
(873)
|
(1 302)
|
(1 387)
|
(1 449)
|
(1 059)
|
(1 603)
|
(1 680)
|
(1 747)
|
|
Selling, General & Administrative |
(136)
|
(180)
|
(136)
|
(143)
|
(151)
|
(519)
|
(163)
|
(170)
|
(169)
|
(617)
|
(180)
|
(181)
|
(185)
|
(608)
|
(191)
|
(197)
|
(195)
|
(660)
|
(211)
|
(227)
|
(256)
|
(773)
|
(253)
|
(260)
|
(268)
|
(561)
|
(284)
|
(281)
|
(274)
|
(531)
|
(308)
|
(316)
|
(325)
|
(440)
|
(352)
|
(370)
|
(382)
|
(556)
|
(407)
|
(421)
|
(442)
|
|
Research & Development |
0
|
(8)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(17)
|
0
|
0
|
0
|
(18)
|
0
|
0
|
0
|
(17)
|
0
|
0
|
0
|
(32)
|
0
|
0
|
0
|
|
Depreciation & Amortization |
(80)
|
(75)
|
(72)
|
(69)
|
(70)
|
(71)
|
(74)
|
(74)
|
(76)
|
(83)
|
(86)
|
(86)
|
(88)
|
(89)
|
(92)
|
(96)
|
(99)
|
(105)
|
(110)
|
(120)
|
(127)
|
(122)
|
(125)
|
(130)
|
(134)
|
(148)
|
(153)
|
(155)
|
(156)
|
(160)
|
(160)
|
(163)
|
(164)
|
(163)
|
(163)
|
(163)
|
(164)
|
(166)
|
(172)
|
(183)
|
(190)
|
|
Other Operating Expenses |
(313)
|
(215)
|
(347)
|
(340)
|
(349)
|
0
|
(380)
|
(401)
|
(413)
|
0
|
(434)
|
(439)
|
(441)
|
0
|
(440)
|
(434)
|
(441)
|
0
|
(453)
|
(482)
|
(498)
|
0
|
(546)
|
(554)
|
(579)
|
0
|
(555)
|
(567)
|
(548)
|
0
|
(591)
|
(609)
|
(677)
|
(252)
|
(787)
|
(855)
|
(903)
|
(305)
|
(1 024)
|
(1 076)
|
(1 115)
|
|
Operating Income |
218
N/A
|
227
+4%
|
251
+10%
|
271
+8%
|
269
-1%
|
283
+5%
|
317
+12%
|
332
+5%
|
352
+6%
|
346
-2%
|
331
-4%
|
343
+3%
|
338
-1%
|
356
+5%
|
341
-4%
|
348
+2%
|
382
+10%
|
428
+12%
|
458
+7%
|
486
+6%
|
505
+4%
|
515
+2%
|
538
+5%
|
551
+2%
|
557
+1%
|
521
-7%
|
443
-15%
|
449
+2%
|
453
+1%
|
474
+5%
|
526
+11%
|
521
-1%
|
528
+1%
|
500
-5%
|
558
+12%
|
624
+12%
|
687
+10%
|
799
+16%
|
841
+5%
|
841
+0%
|
895
+6%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(116)
|
(113)
|
(126)
|
(129)
|
(124)
|
(123)
|
(134)
|
(129)
|
(132)
|
(82)
|
(123)
|
(132)
|
(137)
|
(81)
|
(152)
|
(152)
|
(151)
|
(117)
|
(156)
|
(169)
|
(182)
|
(160)
|
(205)
|
(212)
|
(213)
|
(165)
|
(207)
|
(211)
|
(215)
|
(124)
|
(217)
|
(206)
|
(201)
|
(109)
|
(204)
|
(218)
|
(235)
|
(148)
|
(285)
|
(307)
|
(327)
|
|
Non-Reccuring Items |
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
|
(2)
|
(2)
|
(2)
|
(2)
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(1)
|
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 |
13
|
3
|
7
|
7
|
10
|
10
|
14
|
14
|
12
|
(24)
|
30
|
41
|
55
|
(11)
|
67
|
68
|
58
|
(1)
|
13
|
1
|
(4)
|
(32)
|
12
|
14
|
14
|
(34)
|
9
|
8
|
10
|
(72)
|
21
|
29
|
34
|
(66)
|
35
|
21
|
19
|
(97)
|
12
|
20
|
20
|
|
Pre-Tax Income |
115
N/A
|
117
+1%
|
132
+13%
|
149
+13%
|
155
+4%
|
170
+9%
|
197
+16%
|
218
+10%
|
232
+7%
|
242
+4%
|
238
-2%
|
252
+6%
|
256
+2%
|
261
+2%
|
256
-2%
|
264
+3%
|
289
+9%
|
309
+7%
|
314
+2%
|
318
+1%
|
319
+0%
|
323
+1%
|
345
+7%
|
353
+2%
|
358
+1%
|
319
-11%
|
242
-24%
|
244
+1%
|
245
+0%
|
280
+14%
|
330
+18%
|
344
+4%
|
361
+5%
|
325
-10%
|
389
+20%
|
427
+10%
|
472
+11%
|
549
+16%
|
568
+3%
|
555
-2%
|
589
+6%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(29)
|
(33)
|
(39)
|
(43)
|
(49)
|
(50)
|
(59)
|
(65)
|
(67)
|
(72)
|
(75)
|
(81)
|
(87)
|
(88)
|
(86)
|
(89)
|
(95)
|
(109)
|
(109)
|
(115)
|
(115)
|
(84)
|
(93)
|
(92)
|
(93)
|
(45)
|
(21)
|
(17)
|
(11)
|
(66)
|
(82)
|
(86)
|
(91)
|
(83)
|
(90)
|
(112)
|
(128)
|
(153)
|
(166)
|
(148)
|
(153)
|
|
Income from Continuing Operations |
86
|
84
|
93
|
106
|
106
|
120
|
139
|
152
|
165
|
171
|
163
|
171
|
170
|
173
|
171
|
175
|
195
|
200
|
205
|
203
|
204
|
240
|
252
|
260
|
264
|
274
|
221
|
227
|
234
|
214
|
249
|
259
|
270
|
242
|
299
|
315
|
343
|
396
|
401
|
406
|
436
|
|
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
|
(1)
|
(2)
|
(3)
|
(3)
|
(3)
|
(4)
|
(9)
|
(17)
|
(18)
|
(9)
|
(16)
|
(10)
|
(11)
|
(20)
|
(9)
|
(9)
|
(10)
|
(10)
|
|
Net Income (Common) |
86
N/A
|
84
-2%
|
93
+11%
|
106
+14%
|
106
0%
|
120
+13%
|
139
+16%
|
152
+10%
|
165
+8%
|
171
+3%
|
163
-4%
|
171
+5%
|
170
-1%
|
173
+2%
|
171
-1%
|
175
+3%
|
195
+11%
|
200
+3%
|
205
+2%
|
203
-1%
|
204
+1%
|
240
+17%
|
252
+5%
|
259
+3%
|
263
+1%
|
271
+3%
|
218
-20%
|
224
+3%
|
230
+3%
|
205
-11%
|
231
+13%
|
241
+4%
|
261
+8%
|
226
-13%
|
289
+28%
|
304
+5%
|
324
+6%
|
387
+20%
|
392
+1%
|
397
+1%
|
426
+7%
|
|
EPS (Diluted) |
8.34
N/A
|
8.21
-2%
|
9.05
+10%
|
10.31
+14%
|
10.26
0%
|
11.65
+14%
|
13.46
+16%
|
11.36
-16%
|
11.6
+2%
|
12.91
+11%
|
11.5
-11%
|
11.86
+3%
|
11.8
-1%
|
12.11
+3%
|
11.54
-5%
|
11.83
+3%
|
13.05
+10%
|
13.45
+3%
|
13.13
-2%
|
12.76
-3%
|
12.75
0%
|
15.06
+18%
|
15.75
+5%
|
16.19
+3%
|
16.4
+1%
|
16.96
+3%
|
13.54
-20%
|
14.66
+8%
|
14.85
+1%
|
12.84
-14%
|
14.45
+13%
|
15.03
+4%
|
16.3
+8%
|
14.11
-13%
|
18.06
+28%
|
19
+5%
|
20.09
+6%
|
21.9
+9%
|
22.18
+1%
|
22.42
+1%
|
25.72
+15%
|