Shivalik Rasayan Ltd
NSE:SHIVALIK
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S
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Shivalik Rasayan Ltd
NSE:SHIVALIK
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IN |
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TVS Motor Company Ltd
NSE:TVSMOTOR
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IN |
Income Statement
Earnings Waterfall
Shivalik Rasayan Ltd
Income Statement
Shivalik Rasayan Ltd
| 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 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||
| Interest Expense |
16
|
21
|
23
|
32
|
35
|
39
|
40
|
48
|
59
|
64
|
66
|
81
|
86
|
92
|
0
|
0
|
0
|
0
|
|
| Revenue |
2 062
N/A
|
2 099
+2%
|
2 147
+2%
|
2 222
+3%
|
2 797
+26%
|
2 775
-1%
|
2 344
-16%
|
2 989
+27%
|
2 518
-16%
|
2 647
+5%
|
2 730
+3%
|
2 831
+4%
|
2 985
+5%
|
3 136
+5%
|
3 118
-1%
|
3 265
+5%
|
3 379
+3%
|
3 346
-1%
|
|
| Gross Profit | |||||||||||||||||||
| Cost of Revenue |
(925)
|
(894)
|
(941)
|
(997)
|
(1 287)
|
(1 285)
|
(1 372)
|
(1 468)
|
(1 285)
|
(1 379)
|
(1 613)
|
(1 494)
|
(1 582)
|
(1 645)
|
(1 929)
|
(1 667)
|
(1 703)
|
(1 657)
|
|
| Gross Profit |
1 137
N/A
|
1 205
+6%
|
1 206
+0%
|
1 224
+2%
|
1 510
+23%
|
1 490
-1%
|
973
-35%
|
1 521
+56%
|
1 233
-19%
|
1 268
+3%
|
1 117
-12%
|
1 339
+20%
|
1 404
+5%
|
1 491
+6%
|
1 189
-20%
|
1 597
+34%
|
1 675
+5%
|
1 689
+1%
|
|
| Operating Income | |||||||||||||||||||
| Operating Expenses |
(770)
|
(834)
|
(848)
|
(878)
|
(1 087)
|
(1 087)
|
(658)
|
(1 122)
|
(942)
|
(989)
|
(847)
|
(1 095)
|
(1 152)
|
(1 213)
|
(945)
|
(1 350)
|
(1 426)
|
(1 472)
|
|
| Selling, General & Administrative |
(262)
|
(282)
|
(315)
|
(320)
|
(417)
|
(440)
|
(426)
|
(471)
|
(406)
|
(435)
|
(547)
|
(494)
|
(523)
|
(535)
|
(616)
|
(573)
|
(590)
|
(603)
|
|
| Depreciation & Amortization |
(104)
|
(103)
|
(110)
|
(114)
|
(146)
|
(147)
|
(116)
|
(144)
|
(120)
|
(121)
|
(124)
|
(130)
|
(143)
|
(161)
|
(158)
|
(171)
|
(172)
|
(174)
|
|
| Other Operating Expenses |
(404)
|
(449)
|
(422)
|
(444)
|
(523)
|
(501)
|
(116)
|
(507)
|
(415)
|
(434)
|
(176)
|
(471)
|
(488)
|
(518)
|
(170)
|
(606)
|
(665)
|
(695)
|
|
| Operating Income |
367
N/A
|
371
+1%
|
359
-3%
|
346
-3%
|
423
+22%
|
403
-5%
|
315
-22%
|
399
+27%
|
291
-27%
|
280
-4%
|
270
-3%
|
243
-10%
|
252
+4%
|
278
+10%
|
244
-12%
|
247
+1%
|
249
+1%
|
217
-13%
|
|
| Pre-Tax Income | |||||||||||||||||||
| Interest Income Expense |
(16)
|
(21)
|
13
|
(32)
|
(46)
|
(49)
|
4
|
(58)
|
(59)
|
(64)
|
(29)
|
(81)
|
(86)
|
(92)
|
(58)
|
(100)
|
(98)
|
(99)
|
|
| Non-Reccuring Items |
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
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
14
|
24
|
(2)
|
51
|
69
|
71
|
(2)
|
51
|
33
|
34
|
(9)
|
42
|
40
|
41
|
48
|
83
|
83
|
79
|
|
| Pre-Tax Income |
365
N/A
|
374
+3%
|
370
-1%
|
366
-1%
|
446
+22%
|
425
-5%
|
317
-25%
|
392
+24%
|
266
-32%
|
250
-6%
|
233
-7%
|
204
-12%
|
206
+1%
|
226
+10%
|
234
+3%
|
229
-2%
|
234
+2%
|
197
-16%
|
|
| Net Income | |||||||||||||||||||
| Tax Provision |
(32)
|
(30)
|
(27)
|
(30)
|
(36)
|
(31)
|
(18)
|
(29)
|
(37)
|
(44)
|
(52)
|
(48)
|
(32)
|
(27)
|
(30)
|
(36)
|
(42)
|
(37)
|
|
| Income from Continuing Operations |
333
|
345
|
343
|
336
|
411
|
394
|
298
|
363
|
229
|
205
|
181
|
155
|
173
|
199
|
204
|
194
|
193
|
160
|
|
| Income to Minority Interest |
(87)
|
(90)
|
(86)
|
(83)
|
(103)
|
(101)
|
(91)
|
(109)
|
(72)
|
(66)
|
(54)
|
(35)
|
(32)
|
(35)
|
(37)
|
(44)
|
(52)
|
(45)
|
|
| Net Income (Common) |
182
N/A
|
190
+4%
|
256
+35%
|
253
-1%
|
308
+22%
|
293
-5%
|
207
-29%
|
254
+22%
|
157
-38%
|
140
-10%
|
127
-9%
|
121
-5%
|
142
+18%
|
164
+15%
|
167
+2%
|
150
-10%
|
141
-6%
|
115
-18%
|
|
| EPS (Diluted) |
13.22
N/A
|
13.14
-1%
|
18.12
+38%
|
17.42
-4%
|
21.22
+22%
|
20.21
-5%
|
14.32
-29%
|
13.87
-3%
|
10.5
-24%
|
9.35
-11%
|
8.35
-11%
|
7.79
-7%
|
9.16
+18%
|
10.54
+15%
|
10.6
+1%
|
9.57
-10%
|
8.9
-7%
|
7.28
-18%
|
|