Torrent Pharmaceuticals Ltd
NSE:TORNTPHARM
Income Statement
Earnings Waterfall
Torrent Pharmaceuticals Ltd
Revenue
|
104.7B
INR
|
Cost of Revenue
|
-27.1B
INR
|
Gross Profit
|
77.6B
INR
|
Operating Expenses
|
-53.5B
INR
|
Operating Income
|
24.1B
INR
|
Other Expenses
|
-9.1B
INR
|
Net Income
|
15B
INR
|
Income Statement
Torrent Pharmaceuticals 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 |
38 285
N/A
|
41 847
+9%
|
43 267
+3%
|
45 717
+6%
|
47 247
+3%
|
46 535
-2%
|
54 865
+18%
|
59 625
+9%
|
63 365
+6%
|
66 869
+6%
|
62 889
-6%
|
60 249
-4%
|
59 259
-2%
|
58 569
-1%
|
56 679
-3%
|
56 559
0%
|
56 759
+0%
|
59 498
+5%
|
64 598
+9%
|
69 368
+7%
|
75 248
+8%
|
76 728
+2%
|
78 228
+2%
|
79 338
+1%
|
78 488
-1%
|
79 393
+1%
|
79 733
+0%
|
79 853
+0%
|
80 143
+0%
|
80 048
0%
|
80 828
+1%
|
82 028
+1%
|
83 158
+1%
|
85 080
+2%
|
87 210
+3%
|
88 750
+2%
|
92 580
+4%
|
96 202
+4%
|
98 642
+3%
|
102 332
+4%
|
104 742
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(11 652)
|
(13 005)
|
(12 405)
|
(13 205)
|
(13 745)
|
(14 746)
|
(15 318)
|
(15 268)
|
(15 268)
|
(17 457)
|
(15 963)
|
(16 213)
|
(17 133)
|
(19 298)
|
(17 567)
|
(17 737)
|
(17 017)
|
(17 768)
|
(18 305)
|
(19 605)
|
(21 485)
|
(23 217)
|
(22 207)
|
(22 107)
|
(21 727)
|
(22 525)
|
(21 429)
|
(21 589)
|
(21 789)
|
(22 353)
|
(21 994)
|
(22 404)
|
(23 164)
|
(25 375)
|
(25 140)
|
(25 600)
|
(26 520)
|
(28 277)
|
(27 252)
|
(27 442)
|
(27 112)
|
|
Gross Profit |
26 633
N/A
|
28 842
+8%
|
30 862
+7%
|
32 512
+5%
|
33 502
+3%
|
31 789
-5%
|
39 546
+24%
|
44 356
+12%
|
48 096
+8%
|
49 412
+3%
|
46 927
-5%
|
44 037
-6%
|
42 127
-4%
|
39 271
-7%
|
39 113
0%
|
38 823
-1%
|
39 743
+2%
|
41 730
+5%
|
46 294
+11%
|
49 764
+7%
|
53 764
+8%
|
53 511
0%
|
56 021
+5%
|
57 231
+2%
|
56 761
-1%
|
56 868
+0%
|
58 304
+3%
|
58 264
0%
|
58 354
+0%
|
57 695
-1%
|
58 834
+2%
|
59 624
+1%
|
59 994
+1%
|
59 706
0%
|
62 070
+4%
|
63 150
+2%
|
66 060
+5%
|
67 925
+3%
|
71 390
+5%
|
74 890
+5%
|
77 630
+4%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(19 274)
|
(19 314)
|
(20 847)
|
(21 897)
|
(22 967)
|
(23 494)
|
(25 942)
|
(26 342)
|
(26 352)
|
(24 458)
|
(26 832)
|
(27 912)
|
(29 162)
|
(28 433)
|
(29 929)
|
(29 799)
|
(30 499)
|
(32 324)
|
(35 787)
|
(38 497)
|
(41 097)
|
(39 824)
|
(41 827)
|
(42 467)
|
(42 277)
|
(41 679)
|
(41 954)
|
(40 994)
|
(40 454)
|
(39 411)
|
(40 435)
|
(41 005)
|
(42 065)
|
(42 012)
|
(43 929)
|
(44 769)
|
(46 079)
|
(46 524)
|
(49 605)
|
(52 025)
|
(53 515)
|
|
Selling, General & Administrative |
(6 939)
|
(17 439)
|
(7 531)
|
(7 951)
|
(8 151)
|
(20 203)
|
(8 648)
|
(8 478)
|
(8 498)
|
(18 804)
|
(8 874)
|
(9 394)
|
(9 714)
|
(21 888)
|
(10 044)
|
(10 284)
|
(10 674)
|
(24 211)
|
(12 183)
|
(12 783)
|
(13 743)
|
(28 978)
|
(14 388)
|
(14 538)
|
(14 398)
|
(29 089)
|
(14 210)
|
(14 260)
|
(14 350)
|
(28 230)
|
(14 516)
|
(14 776)
|
(15 026)
|
(30 606)
|
(15 615)
|
(15 665)
|
(16 015)
|
(34 472)
|
(17 567)
|
(18 657)
|
(19 387)
|
|
Research & Development |
0
|
(173)
|
0
|
0
|
0
|
(149)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(925)
|
0
|
0
|
0
|
(252)
|
0
|
0
|
0
|
(387)
|
0
|
0
|
0
|
(313)
|
0
|
0
|
0
|
|
Depreciation & Amortization |
(859)
|
(870)
|
(870)
|
(1 210)
|
(1 540)
|
(1 907)
|
(2 267)
|
(2 297)
|
(2 347)
|
(2 376)
|
(2 486)
|
(2 586)
|
(2 726)
|
(2 934)
|
(3 189)
|
(3 339)
|
(3 549)
|
(4 086)
|
(4 786)
|
(5 466)
|
(6 086)
|
(6 144)
|
(6 277)
|
(6 387)
|
(6 457)
|
(6 515)
|
(6 554)
|
(6 574)
|
(6 614)
|
(6 573)
|
(6 618)
|
(6 648)
|
(6 648)
|
(6 619)
|
(6 522)
|
(6 472)
|
(6 732)
|
(7 020)
|
(7 426)
|
(7 806)
|
(8 006)
|
|
Other Operating Expenses |
(11 477)
|
(832)
|
(12 446)
|
(12 736)
|
(13 276)
|
(1 235)
|
(15 026)
|
(15 566)
|
(15 506)
|
(3 278)
|
(15 473)
|
(15 933)
|
(16 723)
|
(3 610)
|
(16 696)
|
(16 176)
|
(16 276)
|
(4 026)
|
(18 819)
|
(20 249)
|
(21 269)
|
(4 702)
|
(21 163)
|
(21 543)
|
(21 423)
|
(5 150)
|
(21 190)
|
(20 160)
|
(19 490)
|
(4 357)
|
(19 301)
|
(19 581)
|
(20 391)
|
(4 400)
|
(21 793)
|
(22 633)
|
(23 333)
|
(4 719)
|
(24 612)
|
(25 562)
|
(26 122)
|
|
Operating Income |
7 359
N/A
|
9 528
+29%
|
10 015
+5%
|
10 615
+6%
|
10 535
-1%
|
8 295
-21%
|
13 604
+64%
|
18 014
+32%
|
21 744
+21%
|
24 955
+15%
|
20 095
-19%
|
16 125
-20%
|
12 965
-20%
|
10 839
-16%
|
9 184
-15%
|
9 024
-2%
|
9 244
+2%
|
9 407
+2%
|
10 507
+12%
|
11 267
+7%
|
12 667
+12%
|
13 687
+8%
|
14 194
+4%
|
14 764
+4%
|
14 484
-2%
|
15 189
+5%
|
16 350
+8%
|
17 270
+6%
|
17 900
+4%
|
18 284
+2%
|
18 399
+1%
|
18 619
+1%
|
17 929
-4%
|
17 693
-1%
|
18 141
+3%
|
18 381
+1%
|
19 981
+9%
|
21 400
+7%
|
21 785
+2%
|
22 865
+5%
|
24 115
+5%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(487)
|
(1 011)
|
(746)
|
(1 136)
|
(1 476)
|
1 158
|
(2 062)
|
(2 002)
|
(1 932)
|
(154)
|
(1 780)
|
(1 810)
|
(1 860)
|
193
|
(2 126)
|
(2 126)
|
(2 446)
|
(82)
|
(3 745)
|
(4 495)
|
(5 025)
|
(4 465)
|
(5 038)
|
(4 938)
|
(4 718)
|
(3 285)
|
(4 307)
|
(4 067)
|
(3 867)
|
(3 035)
|
(3 243)
|
(3 033)
|
(2 743)
|
(661)
|
(2 421)
|
(2 401)
|
(2 801)
|
(3 160)
|
(3 814)
|
(4 034)
|
(3 814)
|
|
Non-Reccuring Items |
(375)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1 940)
|
(1 936)
|
(1 936)
|
(1 936)
|
4
|
(135)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3 603)
|
(3 570)
|
(3 570)
|
(3 570)
|
(29)
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
(4 849)
|
(4 847)
|
(4 847)
|
(4 847)
|
(46)
|
0
|
0
|
880
|
|
Gain/Loss on Disposition of Assets |
0
|
(41)
|
0
|
0
|
0
|
11
|
0
|
0
|
0
|
34
|
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
|
216
|
0
|
0
|
0
|
|
Total Other Income |
362
|
(36)
|
791
|
1 411
|
1 961
|
(66)
|
3 116
|
3 106
|
3 006
|
536
|
1 766
|
1 486
|
1 436
|
(16)
|
3 023
|
3 373
|
3 613
|
(15)
|
2 208
|
1 528
|
818
|
(2)
|
501
|
741
|
1 241
|
(10)
|
1 053
|
773
|
323
|
19
|
927
|
1 377
|
1 777
|
76
|
1 866
|
1 516
|
936
|
61
|
491
|
591
|
361
|
|
Pre-Tax Income |
6 859
N/A
|
8 440
+23%
|
10 060
+19%
|
10 890
+8%
|
11 020
+1%
|
9 398
-15%
|
14 658
+56%
|
19 118
+30%
|
20 878
+9%
|
23 434
+12%
|
18 144
-23%
|
13 864
-24%
|
12 544
-10%
|
10 881
-13%
|
10 081
-7%
|
10 271
+2%
|
10 411
+1%
|
9 310
-11%
|
8 970
-4%
|
8 300
-7%
|
8 460
+2%
|
5 617
-34%
|
6 087
+8%
|
6 997
+15%
|
7 437
+6%
|
11 866
+60%
|
13 096
+10%
|
13 976
+7%
|
14 356
+3%
|
15 263
+6%
|
16 083
+5%
|
16 963
+5%
|
16 963
N/A
|
12 259
-28%
|
12 739
+4%
|
12 649
-1%
|
13 269
+5%
|
18 472
+39%
|
18 462
0%
|
19 422
+5%
|
21 542
+11%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(1 545)
|
(1 801)
|
(2 351)
|
(2 331)
|
(2 371)
|
(1 888)
|
(3 208)
|
(4 558)
|
(5 088)
|
(6 102)
|
(4 392)
|
(3 132)
|
(2 422)
|
(1 545)
|
(1 785)
|
(2 005)
|
(3 855)
|
(2 529)
|
(2 439)
|
(2 019)
|
(299)
|
(1 254)
|
(1 194)
|
(1 454)
|
(1 844)
|
(2 147)
|
(2 327)
|
(2 547)
|
(2 467)
|
(2 744)
|
(3 474)
|
(4 294)
|
(4 774)
|
(4 487)
|
(4 727)
|
(4 677)
|
(4 957)
|
(6 019)
|
(5 769)
|
(5 989)
|
(6 509)
|
|
Income from Continuing Operations |
5 313
|
6 639
|
7 709
|
8 559
|
8 649
|
7 510
|
11 450
|
14 560
|
15 790
|
17 333
|
13 753
|
10 733
|
10 123
|
9 336
|
8 296
|
8 266
|
6 556
|
6 781
|
6 531
|
6 281
|
8 161
|
4 363
|
4 893
|
5 543
|
5 593
|
9 719
|
10 769
|
11 429
|
11 889
|
12 519
|
12 609
|
12 669
|
12 189
|
7 772
|
8 012
|
7 972
|
8 312
|
12 452
|
12 692
|
13 432
|
15 032
|
|
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
|
0
|
|
Net Income (Common) |
5 313
N/A
|
6 639
+25%
|
7 709
+16%
|
8 559
+11%
|
8 649
+1%
|
7 509
-13%
|
11 449
+52%
|
14 559
+27%
|
15 789
+8%
|
17 332
+10%
|
13 752
-21%
|
10 732
-22%
|
10 122
-6%
|
9 336
-8%
|
8 296
-11%
|
8 266
0%
|
6 556
-21%
|
6 781
+3%
|
6 531
-4%
|
6 281
-4%
|
8 161
+30%
|
4 363
-47%
|
4 893
+12%
|
5 543
+13%
|
5 593
+1%
|
10 247
+83%
|
11 297
+10%
|
11 957
+6%
|
12 417
+4%
|
12 519
+1%
|
12 609
+1%
|
12 669
+0%
|
12 189
-4%
|
7 772
-36%
|
8 012
+3%
|
7 972
0%
|
8 312
+4%
|
12 452
+50%
|
12 692
+2%
|
13 432
+6%
|
15 032
+12%
|
|
EPS (Diluted) |
15.7
N/A
|
19.64
+25%
|
22.8
+16%
|
25.32
+11%
|
25.58
+1%
|
22.21
-13%
|
33.87
+52%
|
43.07
+27%
|
46.71
+8%
|
51.27
+10%
|
40.68
-21%
|
31.74
-22%
|
29.94
-6%
|
27.62
-8%
|
24.54
-11%
|
24.45
0%
|
19.39
-21%
|
20.06
+3%
|
19.37
-3%
|
18.52
-4%
|
24.13
+30%
|
12.89
-47%
|
14.46
+12%
|
16.44
+14%
|
16.56
+1%
|
30.31
+83%
|
33.42
+10%
|
35.37
+6%
|
36.62
+4%
|
37.03
+1%
|
37.3
+1%
|
37.37
+0%
|
36.05
-4%
|
22.99
-36%
|
23.63
+3%
|
23.57
0%
|
24.51
+4%
|
36.79
+50%
|
37.53
+2%
|
39.63
+6%
|
44.44
+12%
|