Zenith Exports Ltd
NSE:ZENITHEXPO
Income Statement
Earnings Waterfall
Zenith Exports Ltd
Income Statement
Zenith Exports Ltd
| Mar-2009 | Jun-2009 | Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | 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 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
58
|
50
|
45
|
32
|
32
|
0
|
0
|
0
|
0
|
11
|
21
|
34
|
15
|
49
|
47
|
45
|
12
|
48
|
0
|
0
|
0
|
0
|
0
|
0
|
56
|
0
|
0
|
0
|
23
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
10
|
0
|
0
|
0
|
7
|
0
|
0
|
0
|
7
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Revenue |
2 395
N/A
|
2 237
-7%
|
2 235
0%
|
2 077
-7%
|
2 090
+1%
|
2 131
+2%
|
2 125
0%
|
2 237
+5%
|
2 385
+7%
|
2 490
+4%
|
2 762
+11%
|
2 799
+1%
|
2 731
-2%
|
2 791
+2%
|
2 788
0%
|
2 746
-1%
|
2 878
+5%
|
2 960
+3%
|
3 029
+2%
|
3 152
+4%
|
3 155
+0%
|
3 017
-4%
|
2 895
-4%
|
2 802
-3%
|
2 665
-5%
|
2 670
+0%
|
2 631
-1%
|
2 551
-3%
|
2 425
-5%
|
2 213
-9%
|
1 852
-16%
|
1 565
-16%
|
1 286
-18%
|
1 235
-4%
|
1 183
-4%
|
1 114
-6%
|
1 095
-2%
|
944
-14%
|
958
+1%
|
986
+3%
|
986
N/A
|
966
-2%
|
966
N/A
|
880
-9%
|
829
-6%
|
727
-12%
|
591
-19%
|
559
-5%
|
507
-9%
|
584
+15%
|
671
+15%
|
727
+8%
|
905
+25%
|
910
+1%
|
844
-7%
|
788
-7%
|
496
-37%
|
563
+14%
|
618
+10%
|
817
+32%
|
772
-6%
|
709
-8%
|
711
+0%
|
721
+1%
|
735
+2%
|
769
+5%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(1 900)
|
(1 796)
|
(1 862)
|
(1 714)
|
(1 764)
|
(1 764)
|
(1 713)
|
(1 826)
|
(1 987)
|
(2 142)
|
(2 395)
|
(2 442)
|
(2 316)
|
(2 253)
|
(2 261)
|
(2 242)
|
(2 420)
|
(2 415)
|
(2 464)
|
(2 547)
|
(2 549)
|
(2 451)
|
(2 396)
|
(2 359)
|
(2 239)
|
(2 225)
|
(2 164)
|
(2 116)
|
(2 024)
|
(1 897)
|
(1 594)
|
(1 315)
|
(923)
|
(834)
|
(795)
|
(734)
|
(879)
|
(741)
|
(754)
|
(758)
|
(743)
|
(716)
|
(736)
|
(684)
|
(631)
|
(560)
|
(425)
|
(397)
|
(349)
|
(418)
|
(489)
|
(531)
|
(689)
|
(672)
|
(618)
|
(563)
|
(346)
|
(378)
|
(418)
|
(491)
|
(442)
|
(416)
|
(412)
|
(440)
|
(437)
|
(431)
|
|
| Gross Profit |
495
N/A
|
441
-11%
|
373
-15%
|
363
-2%
|
326
-10%
|
367
+13%
|
412
+12%
|
411
0%
|
398
-3%
|
348
-13%
|
367
+6%
|
357
-3%
|
415
+16%
|
539
+30%
|
527
-2%
|
504
-4%
|
457
-9%
|
545
+19%
|
565
+4%
|
605
+7%
|
606
+0%
|
566
-7%
|
499
-12%
|
443
-11%
|
425
-4%
|
445
+5%
|
467
+5%
|
435
-7%
|
401
-8%
|
316
-21%
|
258
-18%
|
249
-3%
|
363
+46%
|
401
+10%
|
388
-3%
|
380
-2%
|
217
-43%
|
203
-6%
|
204
+0%
|
228
+12%
|
243
+7%
|
250
+3%
|
230
-8%
|
197
-14%
|
198
+1%
|
167
-15%
|
166
-1%
|
162
-2%
|
158
-3%
|
166
+5%
|
182
+10%
|
196
+8%
|
217
+11%
|
238
+10%
|
225
-5%
|
225
0%
|
150
-33%
|
186
+23%
|
200
+8%
|
326
+63%
|
330
+1%
|
293
-11%
|
299
+2%
|
281
-6%
|
298
+6%
|
338
+14%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(329)
|
(315)
|
(329)
|
(334)
|
(339)
|
(362)
|
(372)
|
(391)
|
(370)
|
(343)
|
(340)
|
(312)
|
(404)
|
(483)
|
(493)
|
(489)
|
(429)
|
(536)
|
(537)
|
(544)
|
(528)
|
(506)
|
(477)
|
(461)
|
(435)
|
(437)
|
(443)
|
(436)
|
(423)
|
(394)
|
(348)
|
(305)
|
(430)
|
(428)
|
(421)
|
(418)
|
(268)
|
(262)
|
(265)
|
(269)
|
(275)
|
(285)
|
(280)
|
(283)
|
(261)
|
(231)
|
(222)
|
(208)
|
(195)
|
(212)
|
(216)
|
(222)
|
(229)
|
(249)
|
(249)
|
(254)
|
(180)
|
(196)
|
(209)
|
(348)
|
(358)
|
(358)
|
(352)
|
(334)
|
(334)
|
(337)
|
|
| Selling, General & Administrative |
(269)
|
(74)
|
(73)
|
(76)
|
(278)
|
(82)
|
(86)
|
(89)
|
(300)
|
(101)
|
(108)
|
(115)
|
(333)
|
(131)
|
(135)
|
(137)
|
(356)
|
(137)
|
(135)
|
(136)
|
(138)
|
(139)
|
(139)
|
(139)
|
(140)
|
(141)
|
(141)
|
(134)
|
(122)
|
(111)
|
(100)
|
(98)
|
(94)
|
(95)
|
(94)
|
(94)
|
(98)
|
(95)
|
(92)
|
(89)
|
(87)
|
(89)
|
(90)
|
(89)
|
(85)
|
(77)
|
(67)
|
(60)
|
(55)
|
(57)
|
(64)
|
(68)
|
(70)
|
(73)
|
(74)
|
(75)
|
(57)
|
(61)
|
(63)
|
(87)
|
(89)
|
(89)
|
(90)
|
(87)
|
(87)
|
(86)
|
|
| Depreciation & Amortization |
(59)
|
(58)
|
(60)
|
(62)
|
(61)
|
(62)
|
(63)
|
(62)
|
(64)
|
(65)
|
(64)
|
(64)
|
(63)
|
(63)
|
(64)
|
(64)
|
(65)
|
(66)
|
(66)
|
(65)
|
(65)
|
(60)
|
(56)
|
(49)
|
(46)
|
(42)
|
(39)
|
(38)
|
(35)
|
(30)
|
(24)
|
(19)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(16)
|
(17)
|
(18)
|
(19)
|
(17)
|
(17)
|
(17)
|
(17)
|
(16)
|
(16)
|
(15)
|
(14)
|
(13)
|
(13)
|
(13)
|
(13)
|
(9)
|
(8)
|
(7)
|
(10)
|
(10)
|
(9)
|
(9)
|
(8)
|
(8)
|
(7)
|
|
| Other Operating Expenses |
0
|
(184)
|
(195)
|
(196)
|
0
|
(218)
|
(223)
|
(239)
|
(6)
|
(178)
|
(169)
|
(134)
|
(7)
|
(289)
|
(294)
|
(289)
|
(8)
|
(333)
|
(336)
|
(342)
|
(326)
|
(307)
|
(282)
|
(273)
|
(250)
|
(255)
|
(263)
|
(265)
|
(266)
|
(253)
|
(224)
|
(188)
|
(321)
|
(320)
|
(313)
|
(310)
|
(156)
|
(153)
|
(159)
|
(166)
|
(172)
|
(179)
|
(173)
|
(175)
|
(160)
|
(137)
|
(139)
|
(131)
|
(123)
|
(139)
|
(137)
|
(141)
|
(146)
|
(164)
|
(163)
|
(166)
|
(114)
|
(127)
|
(138)
|
(252)
|
(259)
|
(259)
|
(253)
|
(239)
|
(239)
|
(243)
|
|
| Operating Income |
166
N/A
|
126
-24%
|
44
-65%
|
30
-33%
|
(13)
N/A
|
5
N/A
|
39
+757%
|
20
-48%
|
27
+34%
|
4
-84%
|
27
+514%
|
45
+67%
|
11
-76%
|
56
+405%
|
34
-38%
|
14
-58%
|
29
+99%
|
10
-67%
|
28
+191%
|
61
+122%
|
78
+27%
|
61
-22%
|
22
-64%
|
(18)
N/A
|
(10)
+44%
|
8
N/A
|
25
+217%
|
(1)
N/A
|
(22)
-2 110%
|
(78)
-253%
|
(91)
-16%
|
(56)
+39%
|
(66)
-19%
|
(27)
+59%
|
(32)
-20%
|
(39)
-19%
|
(52)
-33%
|
(59)
-14%
|
(61)
-4%
|
(41)
+33%
|
(32)
+22%
|
(35)
-8%
|
(50)
-46%
|
(86)
-71%
|
(64)
+26%
|
(64)
N/A
|
(56)
+11%
|
(46)
+19%
|
(37)
+18%
|
(46)
-23%
|
(34)
+25%
|
(26)
+24%
|
(12)
+52%
|
(11)
+12%
|
(24)
-117%
|
(29)
-24%
|
(30)
-3%
|
(11)
+64%
|
(8)
+24%
|
(22)
-171%
|
(27)
-21%
|
(65)
-137%
|
(53)
+18%
|
(53)
0%
|
(36)
+31%
|
1
N/A
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(121)
|
(132)
|
(115)
|
(120)
|
(30)
|
(21)
|
(26)
|
(14)
|
(32)
|
(36)
|
(38)
|
(80)
|
(44)
|
(85)
|
(73)
|
(35)
|
(39)
|
(29)
|
(59)
|
(63)
|
(54)
|
(39)
|
(6)
|
(7)
|
(1)
|
(6)
|
(9)
|
4
|
9
|
21
|
28
|
30
|
(3)
|
1
|
7
|
(3)
|
32
|
14
|
(6)
|
(7)
|
(12)
|
(11)
|
4
|
10
|
(7)
|
(17)
|
(25)
|
(32)
|
(8)
|
(6)
|
(1)
|
4
|
(5)
|
(2)
|
(5)
|
(10)
|
(7)
|
(9)
|
(7)
|
(5)
|
(9)
|
(9)
|
(9)
|
(3)
|
(10)
|
(10)
|
|
| Non-Reccuring Items |
(6)
|
29
|
60
|
60
|
0
|
(5)
|
(2)
|
(2)
|
0
|
4
|
1
|
1
|
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
|
(55)
|
(55)
|
(55)
|
(55)
|
0
|
0
|
0
|
0
|
0
|
(5)
|
(5)
|
(5)
|
(5)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Gain/Loss on Disposition of Assets |
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(11)
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
2
|
2
|
2
|
|
| Total Other Income |
5
|
10
|
21
|
22
|
20
|
17
|
7
|
5
|
41
|
40
|
38
|
38
|
25
|
33
|
35
|
35
|
21
|
24
|
25
|
24
|
4
|
6
|
5
|
5
|
5
|
10
|
9
|
12
|
8
|
16
|
21
|
20
|
44
|
45
|
40
|
40
|
13
|
13
|
16
|
16
|
13
|
17
|
18
|
25
|
48
|
62
|
71
|
67
|
37
|
38
|
29
|
26
|
31
|
40
|
40
|
58
|
33
|
37
|
26
|
34
|
40
|
42
|
41
|
34
|
40
|
42
|
|
| Pre-Tax Income |
46
N/A
|
32
-30%
|
11
-67%
|
(9)
N/A
|
(23)
-161%
|
(5)
+80%
|
18
N/A
|
10
-45%
|
37
+261%
|
13
-64%
|
28
+114%
|
5
-84%
|
(8)
N/A
|
4
N/A
|
(4)
N/A
|
15
N/A
|
12
-22%
|
5
-61%
|
(7)
N/A
|
23
N/A
|
28
+25%
|
27
-4%
|
20
-25%
|
(20)
N/A
|
(2)
+90%
|
11
N/A
|
24
+120%
|
15
-39%
|
0
-98%
|
(41)
N/A
|
(42)
-2%
|
(6)
+86%
|
(25)
-333%
|
18
N/A
|
14
-22%
|
(2)
N/A
|
(7)
-263%
|
(87)
-1 158%
|
(107)
-23%
|
(87)
+18%
|
(98)
-12%
|
(28)
+71%
|
(29)
-1%
|
(52)
-82%
|
(17)
+67%
|
(18)
-3%
|
(15)
+15%
|
(16)
-3%
|
(16)
-2%
|
(18)
-13%
|
(6)
+65%
|
4
N/A
|
14
+221%
|
27
+102%
|
12
-57%
|
19
+58%
|
(4)
N/A
|
17
N/A
|
11
-36%
|
7
-41%
|
3
-53%
|
(32)
N/A
|
(21)
+36%
|
(21)
0%
|
(4)
+83%
|
35
N/A
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(37)
|
(21)
|
(5)
|
2
|
7
|
2
|
(6)
|
(5)
|
(13)
|
(5)
|
(10)
|
0
|
4
|
(0)
|
2
|
(5)
|
(3)
|
(3)
|
3
|
(7)
|
(12)
|
(7)
|
(7)
|
2
|
3
|
(7)
|
(9)
|
(3)
|
1
|
17
|
15
|
4
|
7
|
(3)
|
3
|
2
|
(1)
|
15
|
17
|
16
|
19
|
3
|
(4)
|
4
|
3
|
4
|
9
|
9
|
3
|
4
|
0
|
(2)
|
(4)
|
(7)
|
(3)
|
(5)
|
1
|
(5)
|
(4)
|
(4)
|
(3)
|
6
|
4
|
0
|
(5)
|
(13)
|
|
| Income from Continuing Operations |
10
|
12
|
5
|
(7)
|
(16)
|
(3)
|
13
|
6
|
24
|
8
|
19
|
5
|
(3)
|
4
|
(2)
|
10
|
8
|
1
|
(4)
|
16
|
17
|
20
|
13
|
(18)
|
1
|
4
|
15
|
12
|
2
|
(25)
|
(27)
|
(2)
|
(18)
|
15
|
17
|
(0)
|
(8)
|
(71)
|
(90)
|
(71)
|
(79)
|
(25)
|
(32)
|
(49)
|
(14)
|
(14)
|
(6)
|
(6)
|
(13)
|
(15)
|
(6)
|
2
|
10
|
20
|
9
|
14
|
(3)
|
13
|
7
|
3
|
1
|
(26)
|
(17)
|
(21)
|
(8)
|
21
|
|
| Net Income (Common) |
10
N/A
|
12
+22%
|
5
-53%
|
(7)
N/A
|
(16)
-127%
|
(3)
+83%
|
13
N/A
|
6
-56%
|
24
+333%
|
8
-66%
|
19
+131%
|
5
-73%
|
(3)
N/A
|
4
N/A
|
(2)
N/A
|
10
N/A
|
8
-18%
|
1
-83%
|
(4)
N/A
|
16
N/A
|
17
+8%
|
20
+22%
|
13
-36%
|
(18)
N/A
|
1
N/A
|
4
+438%
|
15
+258%
|
12
-21%
|
2
-87%
|
(21)
N/A
|
(27)
-26%
|
(1)
+96%
|
(21)
-1 980%
|
7
N/A
|
9
+38%
|
(11)
N/A
|
(19)
-71%
|
(81)
-332%
|
(99)
-22%
|
(83)
+17%
|
(79)
+5%
|
(24)
+69%
|
(29)
-21%
|
(41)
-40%
|
(14)
+65%
|
(14)
+1%
|
(6)
+59%
|
(6)
-9%
|
(13)
-106%
|
(15)
-13%
|
(6)
+59%
|
2
N/A
|
10
+432%
|
20
+102%
|
9
-58%
|
14
+67%
|
(3)
N/A
|
13
N/A
|
7
-42%
|
3
-58%
|
1
-82%
|
(26)
N/A
|
(17)
+34%
|
(21)
-21%
|
(8)
+61%
|
21
N/A
|
|
| EPS (Diluted) |
1.76
N/A
|
1.93
+10%
|
1
-48%
|
-1.32
N/A
|
-2.99
-127%
|
-0.5
+83%
|
2.33
N/A
|
1.01
-57%
|
4.41
+337%
|
1.48
-66%
|
3.44
+132%
|
0.93
-73%
|
-0.64
N/A
|
0.65
N/A
|
-0.32
N/A
|
1.91
N/A
|
1.55
-19%
|
0.26
-83%
|
-0.71
N/A
|
2.86
N/A
|
3.09
+8%
|
3.77
+22%
|
2.4
-36%
|
-3.25
N/A
|
0.16
N/A
|
0.8
+400%
|
2.86
+257%
|
2.27
-21%
|
0.29
-87%
|
-3.89
N/A
|
-4.91
-26%
|
-0.18
+96%
|
-3.85
-2 039%
|
1.2
N/A
|
1.63
+36%
|
-2.03
N/A
|
-3.48
-71%
|
-15.03
-332%
|
-18.4
-22%
|
-15.29
+17%
|
-14.58
+5%
|
-5.35
+63%
|
-5.38
-1%
|
-7.55
-40%
|
-2.65
+65%
|
-2.61
+2%
|
-1.06
+59%
|
-1.16
-9%
|
-2.4
-107%
|
-2.94
-23%
|
-1.11
+62%
|
0.36
N/A
|
1.87
+419%
|
3.77
+102%
|
1.57
-58%
|
2.62
+67%
|
-0.63
N/A
|
2.31
N/A
|
1.33
-42%
|
0.56
-58%
|
0.1
-82%
|
-4.77
N/A
|
-3.16
+34%
|
-3.84
-22%
|
-1.5
+61%
|
3.95
N/A
|
|