Varroc Engineering Ltd
NSE:VARROC
Income Statement
Earnings Waterfall
Varroc Engineering Ltd
Revenue
|
72.5B
INR
|
Cost of Revenue
|
-46B
INR
|
Gross Profit
|
26.5B
INR
|
Operating Expenses
|
-23.2B
INR
|
Operating Income
|
3.3B
INR
|
Other Expenses
|
1.8B
INR
|
Net Income
|
5.1B
INR
|
Income Statement
Varroc Engineering Ltd
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 |
103 785
N/A
|
108 713
+5%
|
114 532
+5%
|
118 677
+4%
|
120 365
+1%
|
119 796
0%
|
116 817
-2%
|
115 305
-1%
|
111 219
-4%
|
95 264
-14%
|
97 393
+2%
|
104 282
+7%
|
43 739
-58%
|
108 547
+148%
|
109 712
+1%
|
106 135
-3%
|
58 442
-45%
|
136 400
+133%
|
124 354
-9%
|
110 172
-11%
|
68 631
-38%
|
70 272
+2%
|
70 860
+1%
|
72 539
+2%
|
|
Gross Profit | |||||||||||||||||||||||||
Cost of Revenue |
(69 405)
|
(68 004)
|
(71 897)
|
(74 221)
|
(80 969)
|
(74 728)
|
(72 581)
|
(71 728)
|
(74 475)
|
(61 124)
|
(63 295)
|
(69 101)
|
(30 459)
|
(71 702)
|
(73 695)
|
(71 773)
|
(41 990)
|
(90 911)
|
(82 025)
|
(72 109)
|
(48 396)
|
(45 220)
|
(45 282)
|
(46 041)
|
|
Gross Profit |
34 379
N/A
|
40 709
+18%
|
42 635
+5%
|
44 456
+4%
|
39 395
-11%
|
45 068
+14%
|
44 236
-2%
|
43 577
-1%
|
36 744
-16%
|
34 140
-7%
|
34 099
0%
|
35 182
+3%
|
13 280
-62%
|
36 847
+177%
|
36 017
-2%
|
34 362
-5%
|
16 452
-52%
|
45 489
+177%
|
42 329
-7%
|
38 063
-10%
|
20 235
-47%
|
25 052
+24%
|
25 579
+2%
|
26 497
+4%
|
|
Operating Income | |||||||||||||||||||||||||
Operating Expenses |
(29 133)
|
(35 802)
|
(37 595)
|
(39 222)
|
(34 284)
|
(40 275)
|
(40 258)
|
(40 198)
|
(35 786)
|
(38 426)
|
(38 838)
|
(40 579)
|
(12 638)
|
(38 314)
|
(40 095)
|
(40 633)
|
(15 801)
|
(49 215)
|
(42 689)
|
(35 779)
|
(17 915)
|
(22 291)
|
(22 642)
|
(23 189)
|
|
Selling, General & Administrative |
(23 752)
|
(13 702)
|
(13 994)
|
(14 530)
|
(27 001)
|
(15 465)
|
(15 766)
|
(15 903)
|
(26 859)
|
(15 283)
|
(15 418)
|
(15 594)
|
(9 583)
|
(14 300)
|
(15 023)
|
(15 423)
|
(12 311)
|
(17 038)
|
(14 197)
|
(11 471)
|
(13 938)
|
(7 366)
|
(7 672)
|
(7 916)
|
|
Research & Development |
(1 122)
|
0
|
0
|
0
|
(691)
|
0
|
0
|
0
|
(684)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Depreciation & Amortization |
(3 859)
|
(4 021)
|
(4 735)
|
(5 200)
|
(5 650)
|
(6 239)
|
(6 238)
|
(6 779)
|
(7 313)
|
(7 739)
|
(8 345)
|
(8 652)
|
(2 738)
|
(7 402)
|
(7 506)
|
(7 794)
|
(3 039)
|
(8 808)
|
(7 207)
|
(5 491)
|
(3 365)
|
(3 315)
|
(3 391)
|
(3 465)
|
|
Other Operating Expenses |
(400)
|
(18 078)
|
(18 865)
|
(19 491)
|
(942)
|
(18 571)
|
(18 254)
|
(17 516)
|
(931)
|
(15 403)
|
(15 073)
|
(16 331)
|
(317)
|
(16 611)
|
(17 566)
|
(17 417)
|
(452)
|
(23 370)
|
(21 285)
|
(18 817)
|
(613)
|
(11 610)
|
(11 579)
|
(11 808)
|
|
Operating Income |
5 247
N/A
|
4 907
-6%
|
5 040
+3%
|
5 234
+4%
|
5 111
-2%
|
4 793
-6%
|
3 978
-17%
|
3 379
-15%
|
957
-72%
|
(4 286)
N/A
|
(4 739)
-11%
|
(5 398)
-14%
|
642
N/A
|
(1 468)
N/A
|
(4 078)
-178%
|
(6 272)
-54%
|
650
N/A
|
(3 727)
N/A
|
(359)
+90%
|
2 284
N/A
|
2 319
+2%
|
2 761
+19%
|
2 936
+6%
|
3 308
+13%
|
|
Pre-Tax Income | |||||||||||||||||||||||||
Interest Income Expense |
(302)
|
(164)
|
(224)
|
(536)
|
(627)
|
(868)
|
(1 150)
|
(1 224)
|
(758)
|
(1 491)
|
(1 427)
|
(1 428)
|
(505)
|
(1 213)
|
(1 288)
|
(1 490)
|
(1 207)
|
(2 622)
|
(2 920)
|
(2 873)
|
(1 932)
|
(1 952)
|
(1 576)
|
(1 354)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
524
|
581
|
581
|
365
|
74
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Gain/Loss on Disposition of Assets |
(1)
|
0
|
0
|
0
|
41
|
0
|
0
|
0
|
(44)
|
0
|
0
|
0
|
234
|
0
|
0
|
0
|
(13)
|
0
|
0
|
0
|
109
|
0
|
0
|
0
|
|
Total Other Income |
215
|
561
|
694
|
793
|
660
|
938
|
869
|
788
|
240
|
832
|
950
|
1 073
|
531
|
952
|
819
|
748
|
270
|
677
|
764
|
706
|
332
|
676
|
557
|
556
|
|
Pre-Tax Income |
5 158
N/A
|
5 304
+3%
|
5 510
+4%
|
5 492
0%
|
5 185
-6%
|
4 863
-6%
|
3 697
-24%
|
2 942
-20%
|
395
-87%
|
(4 420)
N/A
|
(4 635)
-5%
|
(5 172)
-12%
|
1 266
N/A
|
(1 656)
N/A
|
(4 547)
-175%
|
(7 014)
-54%
|
(301)
+96%
|
(5 672)
-1 787%
|
(2 515)
+56%
|
117
N/A
|
829
+609%
|
1 485
+79%
|
1 917
+29%
|
2 510
+31%
|
|
Net Income | |||||||||||||||||||||||||
Tax Provision |
(651)
|
(776)
|
(917)
|
(1 068)
|
(898)
|
(707)
|
(303)
|
(256)
|
(370)
|
485
|
83
|
35
|
(479)
|
(848)
|
(541)
|
(427)
|
(482)
|
(766)
|
(1 142)
|
(912)
|
(441)
|
(508)
|
(192)
|
2 836
|
|
Income from Continuing Operations |
4 508
|
4 528
|
4 594
|
4 425
|
4 287
|
4 157
|
3 394
|
2 686
|
25
|
(3 935)
|
(4 552)
|
(5 137)
|
788
|
(2 504)
|
(5 088)
|
(7 440)
|
(783)
|
(6 438)
|
(3 657)
|
(795)
|
388
|
977
|
1 726
|
5 347
|
|
Income to Minority Interest |
(5)
|
(10)
|
(20)
|
(33)
|
(35)
|
(31)
|
(29)
|
(25)
|
(23)
|
(7)
|
(14)
|
(26)
|
(33)
|
(52)
|
(49)
|
(39)
|
(32)
|
(56)
|
(48)
|
(55)
|
(27)
|
(39)
|
(51)
|
(49)
|
|
Net Income (Common) |
4 503
N/A
|
4 518
+0%
|
4 574
+1%
|
4 392
-4%
|
4 252
-3%
|
4 125
-3%
|
3 365
-18%
|
2 661
-21%
|
2
-100%
|
(3 942)
N/A
|
(4 566)
-16%
|
(6 240)
-37%
|
(6 319)
-1%
|
(5 545)
+12%
|
(8 127)
-47%
|
(9 391)
-16%
|
(11 099)
-18%
|
(17 582)
-58%
|
(22 549)
-28%
|
(19 693)
+13%
|
(8 198)
+58%
|
(7 027)
+14%
|
1 465
N/A
|
5 088
+247%
|
|
EPS (Diluted) |
33.35
N/A
|
33.46
+0%
|
33.88
+1%
|
32.53
-4%
|
31.49
-3%
|
30.55
-3%
|
24.92
-18%
|
19.71
-21%
|
0.01
-100%
|
-29.2
N/A
|
-33.82
-16%
|
-46.22
-37%
|
-46.75
-1%
|
-36.28
+22%
|
-53.18
-47%
|
-61.44
-16%
|
-72.64
-18%
|
-115.01
-58%
|
-147.59
-28%
|
-129.33
+12%
|
-53.65
+59%
|
-45.96
+14%
|
9.59
N/A
|
33.3
+247%
|