07 · Statements
Financial Statements
Statement lines available in the source model. Historical columns are actuals; forecast columns follow the active scenario.
Income Statement
₹ Crore
| ₹ Crore | FY2018 A | FY2019 A | FY2020 A | FY2021 A | FY2022 A | FY2023 A | FY2024 A | FY2025 A | FY2026 F | FY2027 F | FY2028 F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,23,104 | 1,46,463 | 1,56,949 | 1,64,177 | 1,91,754 | 2,25,458 | 2,40,893 | 2,55,324 | 2,75,750 | 2,99,189 | 3,26,116 |
| YoY % | — | +19.0% | +7.2% | +4.6% | +16.8% | +17.6% | +6.8% | +6.0% | +8.0% | +8.5% | +9.0% |
| EBITDA | 33,800 | 37,450 | 40,520 | 49,680 | 57,075 | 62,708 | 68,718 | 71,369 | 77,210 | 84,371 | 92,943 |
| EBITDA Margin % | 27.5% | 25.6% | 25.8% | 30.3% | 29.8% | 27.8% | 28.5% | 28.0% | 28.0% | 28.2% | 28.5% |
| (−) Depreciation | 4,300 | 4,750 | 4,970 | 4,065 | 4,604 | 5,022 | 4,985 | 5,234 | 5,791 | 6,283 | 6,848 |
| EBIT | 29,500 | 32,700 | 35,550 | 45,615 | 52,471 | 57,686 | 63,733 | 66,135 | 71,419 | 78,088 | 86,095 |
| EBIT Margin % | 24.0% | 22.3% | 22.7% | 27.8% | 27.4% | 25.6% | 26.5% | 25.9% | 25.9% | 26.1% | 26.4% |
| Other Income (Net) | 4,826 | 7,572 | 5,790 | 2,947 | 3,478 | 3,617 | 3,366 | 3,670 | n/m | n/m | n/m |
| Tax Expense | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 18,212 | 19,913 | 21,954 |
| Net Profit | 25,826 | 31,472 | 32,340 | 32,562 | 38,449 | 42,303 | 46,099 | 48,797 | 53,207 | 58,176 | 64,140 |
| Net Margin % | 21.0% | 21.5% | 20.6% | 19.8% | 20.1% | 18.8% | 19.1% | 19.1% | 19.3% | 19.4% | 19.7% |
| YoY % | — | +21.9% | +2.8% | +0.7% | +18.1% | +10.0% | +9.0% | +5.9% | +9.0% | +9.3% | +10.3% |
| EPS (₹) | ₹67.10 | ₹83.05 | ₹85.50 | ₹87.67 | ₹104.75 | ₹115.19 | ₹126.88 | ₹134.20 | ₹146.98 | ₹160.71 | ₹177.18 |
| Shares Outstanding (Cr) | 385 | 379 | 378 | 371 | 367 | 367 | 363 | 362 | 362 | 362 | 362 |
Historical tax expense is not provided in the source model (n/a). Other Income is not modelled in the forecast (n/m) — forecast Net Profit = EBIT − Tax.