Baluchistan Wheels Limited (BWHL) quarterly income statement

Baluchistan Wheels Limited reported revenue of Rs 762.2 mn for Q4 FY2026 (Apr – Jun 2026), up 48.3% on Q4 FY2025. Gross profit came to Rs 266.7 mn, a gross margin of 35.0%. Operating profit was Rs 178.6 mn (an operating margin of 23.4%). Finance cost was Rs 655,000, up 92.6% on Q4 FY2025. Tax of Rs 124.9 mn took 79.8% of pre-tax profit. Profit attributable to shareholders was Rs 31.5 mn, down 71.4% on Q4 FY2025, or Rs 2.36 per share.

BWHL income statement (quarterly) (Rs mn)
Rs mn	TTM to Jun 2026	Q4 FY2026 Apr – Jun 2026	Q3 FY2026 Jan – Mar 2026	Q2 FY2026 Oct – Dec 2025	Q1 FY2026 Jul – Sep 2025	Q4 FY2025 Apr – Jun 2025	Q3 FY2025 Jan – Mar 2025	Q2 FY2025 Oct – Dec 2024	Q1 FY2025 Jul – Sep 2024	Q4 FY2024 Apr – Jun 2024	Q3 FY2024 Jan – Mar 2024	Q2 FY2024 Oct – Dec 2023	Q1 FY2024 Jul – Sep 2023	Q4 FY2023 Apr – Jun 2023	Q3 FY2023 Jan – Mar 2023	Q2 FY2023 Oct – Dec 2022	Q1 FY2023 Jul – Sep 2022	Q4 FY2022 Apr – Jun 2022	Q3 FY2022 Jan – Mar 2022	Q2 FY2022 Oct – Dec 2021	Q1 FY2022 Jul – Sep 2021
Revenue	2,916.4	762.2	754.3	675.1	724.8	513.8	653.2	635.2	503.0	537.5	610.9	517.5	508.6	317.0	473.8	481.6	403.4	741.5	732.2	757.1	547.4
Cost of revenue	(2,085.6)	(495.5)	(580.9)	(453.7)	(555.4)	(326.4)	(519.5)	(502.8)	(389.4)	(398.0)	(514.0)	(329.5)	(464.4)	(252.4)	(367.4)	(417.3)	(312.9)	(514.6)	(621.9)	(573.7)	(456.3)
Gross profit	830.8	266.7	173.3	221.3	169.4	187.4	133.7	132.4	113.6	139.5	96.9	187.9	44.2	64.6	106.5	64.3	90.5	226.9	110.3	183.4	91.1
Selling, general & administrative expenses	(290.1)	(77.7)	(65.9)	(75.1)	(71.5)	(51.3)	(55.8)	(61.8)	(54.8)	(67.4)	(58.8)	(63.8)	(49.3)	(43.8)	(45.4)	(35.1)	(53.6)	(52.2)	(41.0)	(46.5)	(43.7)
Operating profit	582.4	178.6	97.6	157.6	148.6	157.2	84.9	100.0	95.7	69.8	38.0	114.4	(6.2)	47.6	70.1	49.4	40.3	177.6	77.6	121.4	51.6
Finance cost	(2.9)	(0.7)	(0.4)	(0.5)	(1.4)	(0.3)	(0.5)	(0.6)	(1.1)	(0.8)	(1.2)	(1.9)	(1.8)	(5.6)	(1.1)	(1.2)	(1.4)	(0.9)	(1.0)	(1.0)	(1.1)
Profit before tax	576.2	156.5	115.6	156.9	147.2	159.4	105.2	97.2	94.6	118.7	66.2	144.6	20.6	45.6	69.0	48.2	38.9	177.2	76.9	120.8	50.5
Taxation	(263.6)	(124.9)	(39.9)	(48.7)	(50.1)	(49.1)	(14.9)	(45.6)	(13.5)	(41.5)	(24.7)	(50.9)	7.5	(15.2)	(21.1)	(17.8)	(11.3)	(132.0)	(22.3)	(48.1)	(14.6)
Profit after tax	312.6	31.5	75.7	108.2	97.2	110.3	90.3	51.6	81.0	77.3	41.5	93.7	28.2	30.5	47.9	30.4	27.6	45.2	54.6	72.6	35.8
Profit attributable to shareholders	312.6	31.5	75.7	108.2	97.2	110.3	90.3	51.6	81.0	77.3	41.5	93.7	28.2	30.5	47.9	30.4	27.6	45.2	54.6	72.6	35.8
Per share & other
EPS – basic (Rs) Rs	23.44	2.36	5.68	8.11	7.29	8.28	6.77	3.87	6.08	5.80	3.11	7.03	2.11	2.29	3.59	2.28	2.07	3.38	4.10	5.45	2.69
EPS – diluted (Rs) Rs	23.44	2.36	5.68	8.11	7.29	8.28	6.77	3.87	6.05	5.80	3.11	7.03	2.11	2.29	3.59	2.28	2.07	3.38	4.10	5.45	2.69
Dividend per share (Rs) Rs	20.00	10.00	0.00	10.00	0.00	7.00	0.00	6.00	0.00	3.00	3.00	5.00	2.00	3.50	2.00	2.50	0.00	4.75	2.00	1.75	1.50
EBITDA	630.4	193.3	109.4	168.8	158.8	168.1	95.1	107.7	107.7	81.1	52.2	126.2	3.8	59.7	80.5	60.9	51.7	190.4	90.3	134.1	64.0
Depreciation & amortisation	48.0	14.7	11.8	11.2	10.2	10.9	10.3	7.7	12.0	11.3	14.2	11.8	10.1	12.2	10.4	11.5	11.4	12.7	12.8	12.7	12.4
Weighted average shares mn	13.3	13.3	13.3	13.3	13.3	13.3	13.3	13.3	13.3	13.3	13.3	13.3	13.3	13.3	13.3	13.3	13.3	13.4	13.3	13.3	13.3

BWHL income statement — year-on-year change (Rs mn)
Rs mn	Q4 FY2026 Apr – Jun 2026	Q3 FY2026 Jan – Mar 2026	Q2 FY2026 Oct – Dec 2025	Q1 FY2026 Jul – Sep 2025	Q4 FY2025 Apr – Jun 2025	Q3 FY2025 Jan – Mar 2025	Q2 FY2025 Oct – Dec 2024	Q1 FY2025 Jul – Sep 2024	Q4 FY2024 Apr – Jun 2024	Q3 FY2024 Jan – Mar 2024	Q2 FY2024 Oct – Dec 2023	Q1 FY2024 Jul – Sep 2023	Q4 FY2023 Apr – Jun 2023	Q3 FY2023 Jan – Mar 2023	Q2 FY2023 Oct – Dec 2022	Q1 FY2023 Jul – Sep 2022	Q4 FY2022 Apr – Jun 2022	Q3 FY2022 Jan – Mar 2022	Q2 FY2022 Oct – Dec 2021	Q1 FY2022 Jul – Sep 2021
Revenue	+48.3%	+15.5%	+6.3%	+44.1%	-4.4%	+6.9%	+22.8%	-1.1%	+69.6%	+28.9%	+7.4%	+26.1%	-57.2%	-35.3%	-36.4%	-26.3%	+50.2%	+43.8%	+112.0%	+154.8%
Cost of revenue	+51.8%	+11.8%	-9.8%	+42.7%	-18.0%	+1.1%	+52.6%	-16.2%	+57.7%	+39.9%	-21.0%	+48.4%	-51.0%	-40.9%	-27.3%	-31.4%	+29.9%	+39.6%	+87.4%	+147.8%
Gross profit	+42.3%	+29.6%	+67.1%	+49.1%	+34.3%	+38.0%	-29.5%	+157.0%	+115.9%	-9.0%	+192.0%	-51.2%	-71.5%	-3.5%	-64.9%	-0.6%	+132.3%	+72.9%	+260.6%	+196.4%
Selling, general & administrative expenses	+51.5%	+18.2%	+21.4%	+30.5%	-23.9%	-5.2%	-3.2%	+11.0%	+53.8%	+29.7%	+82.0%	-8.0%	-16.0%	+10.6%	-24.6%	+22.8%	+26.5%	+13.5%	+38.1%	+38.1%
Operating profit	+13.6%	+15.0%	+57.6%	+55.3%	+125.3%	+123.5%	-12.6%	—	+46.8%	-45.8%	+131.5%	-115.5%	-73.2%	-9.7%	-59.3%	-21.9%	+142.1%	+124.9%	+309.4%	+523.0%
Finance cost	+92.6%	-23.2%	-22.6%	+20.7%	-56.0%	-57.4%	-66.8%	-36.1%	-86.1%	+8.8%	+56.2%	+27.0%	+492.6%	+6.5%	+23.2%	+29.4%	-58.4%	+63.4%	+14.6%	+111.6%
Profit before tax	-1.9%	+9.9%	+61.5%	+55.7%	+34.3%	+59.0%	-32.8%	+358.6%	+160.1%	-4.1%	+199.8%	-46.9%	-74.2%	-10.3%	-60.1%	-23.0%	+149.1%	+127.1%	+319.3%	+549.9%
Taxation	+154.4%	+168.3%	+6.8%	+270.0%	+18.4%	-39.7%	-10.3%	—	+173.3%	+16.7%	+186.0%	-167.0%	-88.5%	-5.3%	-63.1%	-23.0%	+601.2%	+110.1%	+424.5%	+550.1%
Profit after tax	-71.4%	-16.2%	+109.8%	+19.9%	+42.8%	+117.6%	-45.0%	+187.7%	+153.6%	-13.3%	+207.8%	+2.1%	-32.5%	-12.3%	-58.1%	-23.0%	-13.7%	+134.9%	+270.1%	+549.9%
Profit attributable to shareholders	-71.4%	-16.2%	+109.8%	+19.9%	+42.8%	+117.6%	-45.0%	+187.7%	+153.6%	-13.3%	+207.8%	+2.1%	-32.5%	-12.3%	-58.1%	-23.0%	-13.7%	+134.9%	+270.1%	+549.9%
Per share & other
EPS – basic (Rs)	-71.4%	-16.1%	+109.6%	+19.9%	+42.8%	+117.5%	-45.0%	+187.8%	+153.2%	-13.3%	+207.9%	+2.1%	-32.2%	-12.4%	-58.1%	-23.1%	-13.9%	+135.1%	+270.7%	+556.1%
EPS – diluted (Rs)	-71.4%	-16.1%	+109.6%	+20.5%	+42.8%	+117.5%	-45.0%	+186.4%	+153.2%	-13.3%	+207.9%	+2.1%	-32.2%	-12.4%	-58.1%	-23.1%	-13.9%	+135.1%	+270.7%	+556.1%
Dividend per share (Rs)	+42.9%	—	+66.7%	—	+133.3%	-100.0%	+20.0%	-100.0%	-14.3%	+50.0%	+100.0%	—	-26.3%	0.0%	+42.9%	-100.0%	+5.6%	—	—	—
EBITDA	+15.0%	+15.1%	+56.7%	+47.4%	+107.4%	+82.3%	-14.6%	+2,710.5%	+35.7%	-35.2%	+107.2%	-92.6%	-68.6%	-10.9%	-54.6%	-19.2%	+118.8%	+94.6%	+224.0%	+221.1%
Depreciation & amortisation	+34.7%	+15.3%	+45.2%	-14.9%	-3.5%	-27.8%	-34.2%	+19.4%	-7.3%	+36.2%	+2.6%	-12.0%	-4.3%	-18.1%	-9.9%	-7.8%	-6.6%	+7.0%	+8.3%	+6.6%
Weighted average shares	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Change against the same quarter a year earlier; shown when the earlier figure is positive.

BWHL income statement — common size (Rs mn)
Rs mn	Q4 FY2026 Apr – Jun 2026	Q3 FY2026 Jan – Mar 2026	Q2 FY2026 Oct – Dec 2025	Q1 FY2026 Jul – Sep 2025	Q4 FY2025 Apr – Jun 2025	Q3 FY2025 Jan – Mar 2025	Q2 FY2025 Oct – Dec 2024	Q1 FY2025 Jul – Sep 2024	Q4 FY2024 Apr – Jun 2024	Q3 FY2024 Jan – Mar 2024	Q2 FY2024 Oct – Dec 2023	Q1 FY2024 Jul – Sep 2023	Q4 FY2023 Apr – Jun 2023	Q3 FY2023 Jan – Mar 2023	Q2 FY2023 Oct – Dec 2022	Q1 FY2023 Jul – Sep 2022	Q4 FY2022 Apr – Jun 2022	Q3 FY2022 Jan – Mar 2022	Q2 FY2022 Oct – Dec 2021	Q1 FY2022 Jul – Sep 2021
Revenue	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Cost of revenue	(65.0%)	(77.0%)	(67.2%)	(76.6%)	(63.5%)	(79.5%)	(79.2%)	(77.4%)	(74.0%)	(84.1%)	(63.7%)	(91.3%)	(79.6%)	(77.5%)	(86.6%)	(77.6%)	(69.4%)	(84.9%)	(75.8%)	(83.4%)
Gross profit	35.0%	23.0%	32.8%	23.4%	36.5%	20.5%	20.8%	22.6%	26.0%	15.9%	36.3%	8.7%	20.4%	22.5%	13.4%	22.4%	30.6%	15.1%	24.2%	16.6%
Selling, general & administrative expenses	(10.2%)	(8.7%)	(11.1%)	(9.9%)	(10.0%)	(8.5%)	(9.7%)	(10.9%)	(12.5%)	(9.6%)	(12.3%)	(9.7%)	(13.8%)	(9.6%)	(7.3%)	(13.3%)	(7.0%)	(5.6%)	(6.1%)	(8.0%)
Operating profit	23.4%	12.9%	23.3%	20.5%	30.6%	13.0%	15.7%	19.0%	13.0%	6.2%	22.1%	(1.2%)	15.0%	14.8%	10.3%	10.0%	24.0%	10.6%	16.0%	9.4%
Finance cost	(0.1%)	(0.0%)	(0.1%)	(0.2%)	(0.1%)	(0.1%)	(0.1%)	(0.2%)	(0.1%)	(0.2%)	(0.4%)	(0.3%)	(1.8%)	(0.2%)	(0.2%)	(0.3%)	(0.1%)	(0.1%)	(0.1%)	(0.2%)
Profit before tax	20.5%	15.3%	23.2%	20.3%	31.0%	16.1%	15.3%	18.8%	22.1%	10.8%	27.9%	4.1%	14.4%	14.6%	10.0%	9.6%	23.9%	10.5%	16.0%	9.2%
Taxation	(16.4%)	(5.3%)	(7.2%)	(6.9%)	(9.6%)	(2.3%)	(7.2%)	(2.7%)	(7.7%)	(4.0%)	(9.8%)	1.5%	(4.8%)	(4.5%)	(3.7%)	(2.8%)	(17.8%)	(3.0%)	(6.4%)	(2.7%)
Profit after tax	4.1%	10.0%	16.0%	13.4%	21.5%	13.8%	8.1%	16.1%	14.4%	6.8%	18.1%	5.5%	9.6%	10.1%	6.3%	6.8%	6.1%	7.5%	9.6%	6.5%
Profit attributable to shareholders	4.1%	10.0%	16.0%	13.4%	21.5%	13.8%	8.1%	16.1%	14.4%	6.8%	18.1%	5.5%	9.6%	10.1%	6.3%	6.8%	6.1%	7.5%	9.6%	6.5%
Per share & other
EBITDA	25.4%	14.5%	25.0%	21.9%	32.7%	14.6%	17.0%	21.4%	15.1%	8.5%	24.4%	0.8%	18.8%	17.0%	12.6%	12.8%	25.7%	12.3%	17.7%	11.7%
Depreciation & amortisation	1.9%	1.6%	1.7%	1.4%	2.1%	1.6%	1.2%	2.4%	2.1%	2.3%	2.3%	2.0%	3.8%	2.2%	2.4%	2.8%	1.7%	1.7%	1.7%	2.3%

Each line as a percentage of revenue.

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. TTM = the latest four quarters added together. Updated 16 Oct 2026.

All reported line items 96

BWHL income statement — all reported line items (Rs mn)
Rs mn	Q4 FY2026 Apr – Jun 2026	Q3 FY2026 Jan – Mar 2026	Q2 FY2026 Oct – Dec 2025	Q1 FY2026 Jul – Sep 2025	Q4 FY2025 Apr – Jun 2025	Q3 FY2025 Jan – Mar 2025	Q2 FY2025 Oct – Dec 2024	Q1 FY2025 Jul – Sep 2024	Q4 FY2024 Apr – Jun 2024	Q3 FY2024 Jan – Mar 2024	Q2 FY2024 Oct – Dec 2023	Q1 FY2024 Jul – Sep 2023	Q4 FY2023 Apr – Jun 2023	Q3 FY2023 Jan – Mar 2023	Q2 FY2023 Oct – Dec 2022	Q1 FY2023 Jul – Sep 2022	Q4 FY2022 Apr – Jun 2022	Q3 FY2022 Jan – Mar 2022	Q2 FY2022 Oct – Dec 2021	Q1 FY2022 Jul – Sep 2021
Revenue from Goods & Services	762.2	754.3	675.1	724.8	513.8	653.2	635.2	503.0	537.5	610.9	517.5	508.6	317.0	473.8	481.6	403.4	741.5	732.2	757.1	547.4
Sales of Goods & Services - Net - Unclassified	762.2	754.3	675.1	724.8	513.8	653.2	635.2	503.0	537.5	610.9	517.5	508.6	317.0	473.8	481.6	403.4	741.5	732.2	757.1	547.4
Revenue from Business Activities - Total	762.2	754.3	675.1	724.8	513.8	653.2	635.2	503.0	537.5	610.9	517.5	508.6	317.0	473.8	481.6	403.4	741.5	732.2	757.1	547.4
Cost of Operating Revenue	495.5	580.9	453.7	555.4	326.4	519.5	502.8	389.4	398.0	514.0	329.5	464.4	252.4	367.4	417.3	312.9	514.6	621.9	573.7	456.3
Cost of Revenues - Total	495.5	580.9	453.7	555.4	326.4	519.5	502.8	389.4	398.0	514.0	329.5	464.4	252.4	367.4	417.3	312.9	514.6	621.9	573.7	456.3
Cost of Revenues - Unclassified	—	—	—	—	318.5	512.3	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Selling, General & Administrative Expenses - Total	77.7	65.9	75.1	71.5	51.3	55.8	61.8	54.8	67.4	58.8	63.8	49.3	43.8	45.4	35.1	53.6	52.2	41.0	46.5	43.7
Depreciation in Cost of Revenues	—	—	—	—	8.0	7.2	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Operating Expense/(Income) - Net	10.4	9.8	(11.3)	(50.7)	(21.1)	(6.9)	(29.4)	(36.9)	2.3	0.1	9.7	1.1	(26.8)	(9.0)	(20.2)	(3.4)	(2.9)	(8.3)	15.5	(4.2)
Other Operating Income - Total	36.4	0.0	23.2	61.8	42.7	14.3	37.1	44.2	6.5	4.8	1.0	0.4	33.5	24.8	22.6	20.3	19.8	12.3	7.2	11.9
Gross Profit - Industrials/Property - Total	266.7	173.3	221.3	169.4	187.4	133.7	132.4	113.6	139.5	96.9	187.9	44.2	64.6	106.5	64.3	90.5	226.9	110.3	183.4	91.1
Operating Expenses - Total	583.5	656.7	517.5	576.3	356.6	568.4	535.3	407.3	467.7	572.9	403.0	514.9	269.5	403.8	432.2	363.1	563.9	654.7	635.7	495.8
Operating Profit before Non-Recurring Income/(Expense)	178.6	97.6	157.6	148.6	157.2	84.9	100.0	95.7	69.8	38.0	114.4	(6.2)	47.6	70.1	49.4	40.3	177.6	77.6	121.4	51.6
Financing Income/(Expense) - Net - Total	(45.5)	13.7	(0.5)	(1.4)	(0.3)	26.1	(0.6)	(1.1)	48.9	28.3	30.2	26.9	(1.9)	(1.1)	(1.2)	(1.4)	(0.9)	(1.0)	(1.0)	(1.1)
Interest Expense - Net of (Interest Income)	0.7	0.4	0.5	1.4	0.3	0.5	0.6	1.1	(48.9)	(26.9)	(30.2)	(26.3)	1.9	1.1	1.2	1.4	0.9	1.0	1.0	1.1
Other Operating Expense	46.8	9.8	11.9	11.1	21.6	7.4	7.7	7.3	8.8	4.9	10.7	1.6	6.7	15.8	2.4	16.9	16.9	4.0	22.7	7.8
Interest Expense - Net of Capitalized Interest	0.7	0.4	0.5	1.4	0.3	0.5	0.6	1.1	0.8	1.2	1.9	1.8	5.6	1.1	1.2	1.4	0.9	1.0	1.0	1.1
Non-Interest Financial Income/(Expense) - Total	(44.8)	14.1	—	—	—	26.6	—	—	0.0	1.5	0.0	0.6	—	—	—	—	—	—	—	—
Sale of Tangible & Intangible Fixed Assets - Gain/Loss	23.3	4.3	—	—	—	0.0	—	—	0.0	(0.1)	(0.0)	0.0	—	—	—	—	0.3	0.0	0.0	—
Other Non-Operating Income/(Expense) - Total	—	0.0	(0.1)	(0.0)	2.5	(0.4)	(2.1)	—	—	—	—	—	—	—	—	—	—	—	—	—
Foreign Exchange Gain/(Loss) - Non-Business	—	—	—	—	—	(0.5)	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Normalized Pre-tax Profit	156.5	115.6	156.9	147.2	159.4	110.5	97.2	94.6	118.7	66.2	144.6	20.6	45.6	69.0	48.2	38.9	177.0	76.6	120.4	50.5
Non-Recurring Income/Expense - Total	—	—	—	—	—	(5.3)	—	—	—	—	—	—	—	—	—	—	0.2	0.4	0.4	—
Interest Income - Non-Bank	—	—	—	—	—	—	—	—	49.7	28.0	32.0	28.1	3.6	—	—	—	—	—	—	—
Dividend & Investment Income	—	—	—	—	—	2.3	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Sale of Investments Held for Sale, Maturity & Trading - Gain/(Loss)	(44.8)	14.1	—	—	—	24.8	—	—	0.0	1.5	0.0	0.6	—	—	—	—	—	—	—	—
Fair Value Adjustments - Financial Investments	—	—	—	—	—	(5.3)	—	—	—	—	—	—	—	—	—	—	—	—	—	—
COVID-19 Non-Recurring Income/(Expense) - Total	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.2	0.4	0.4	—
Provision for Income Tax Expense- Unclassified	—	—	48.7	50.1	—	—	—	—	—	—	—	—	—	—	—	11.3	—	—	—	14.6
Income before Taxes	156.5	115.6	156.9	147.2	159.4	105.2	97.2	94.6	118.7	66.2	144.6	20.6	45.6	69.0	48.2	38.9	177.2	76.9	120.8	50.5
Income Taxes	124.9	39.9	48.7	50.1	49.1	14.9	45.6	13.5	41.5	24.7	50.9	(7.5)	15.2	21.1	17.8	11.3	132.0	22.3	48.1	14.6
Income Taxes for the Year - Current	73.7	39.9	—	—	47.4	32.6	26.5	31.2	41.7	19.8	47.8	6.4	15.5	21.1	19.1	—	65.7	22.3	35.6	—
Income Taxes - Deferred	26.3	0.0	—	—	(2.4)	0.0	5.4	—	(0.3)	0.0	(1.5)	—	(1.0)	0.0	(1.3)	—	(1.1)	0.0	1.5	—
Income Taxes - Other (by Type)	24.9	0.0	—	—	4.0	(17.7)	13.6	(17.7)	—	4.9	4.5	(13.9)	0.7	0.0	0.0	—	67.4	0.0	11.0	—
Net Income after Tax	31.5	75.7	108.2	97.2	110.3	90.3	51.6	81.0	77.3	41.5	93.7	28.2	30.5	47.9	30.4	27.6	45.2	54.6	72.6	35.8
COVID-19 One-time Government Grants	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.2	0.4	0.4	—
Income before Discontinued Operations & Extraordinary Items	31.5	75.7	108.2	97.2	110.3	90.3	51.6	81.0	77.3	41.5	93.7	28.2	30.5	47.9	30.4	27.6	45.2	54.6	72.6	35.8
Net Income before Minority Interest	31.5	75.7	108.2	97.2	110.3	90.3	51.6	81.0	77.3	41.5	93.7	28.2	30.5	47.9	30.4	27.6	45.2	54.6	72.6	35.8
Net Income after Minority Interest	31.5	75.7	108.2	97.2	110.3	90.3	51.6	81.0	77.3	41.5	93.7	28.2	30.5	47.9	30.4	27.6	45.2	54.6	72.6	35.8
Income Available to Common Shares	31.5	75.7	108.2	97.2	110.3	90.3	51.6	81.0	77.3	41.5	93.7	28.2	30.5	47.9	30.4	27.6	45.2	54.6	72.6	35.8
Earnings Adjustments to Net Income - Other Expense/(Income)	—	—	—	—	—	—	0.0	—	—	—	—	—	—	—	—	—	—	—	—	—
DPS - Common - Gross - Issue - By Period End Date Rs	10.00	0.00	10.00	0.00	7.00	0.00	6.00	0.00	3.00	3.00	5.00	2.00	3.50	2.00	2.50	0.00	4.75	2.00	1.75	1.50
Net Income - Basic - including Extraordinary Items Applicable to Common - Total	31.5	75.7	108.2	97.2	110.3	90.3	51.6	81.0	77.3	41.5	93.7	28.2	30.5	47.9	30.4	27.6	45.2	54.6	72.6	35.8
Income available to Common excluding Extraordinary Items	31.5	75.7	108.2	97.2	110.3	90.3	51.6	81.0	77.3	41.5	93.7	28.2	30.5	47.9	30.4	27.6	45.2	54.6	72.6	35.8
Shares used to calculate Basic EPS - Total mn	13.3	13.3	13.3	13.3	13.3	13.3	13.3	13.3	13.3	13.3	13.3	13.3	13.3	13.3	13.3	13.3	13.4	13.3	13.3	13.3
EPS - Basic - including Extraordinary Items Applicable to Common - Total Rs	2.36	5.68	8.11	7.29	8.28	6.77	3.87	6.08	5.80	3.11	7.03	2.11	2.29	3.59	2.28	2.07	3.38	4.10	5.45	2.69
EPS - Basic - excluding Extraordinary Items Applicable to Common - Total Rs	2.36	5.68	8.11	7.29	8.28	6.77	3.87	6.08	5.80	3.11	7.03	2.11	2.29	3.59	2.28	2.07	3.38	4.10	5.45	2.69
EPS - Basic - excluding Extraordinary Items - Normalized - Total Rs	2.36	5.68	8.11	7.29	8.28	7.17	3.87	6.08	5.80	3.11	7.03	2.11	2.29	3.59	2.28	2.07	3.36	4.07	5.42	2.69
Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific	31.5	75.7	108.2	97.2	110.3	90.3	51.6	81.0	77.3	41.5	93.7	28.2	30.5	47.9	30.4	27.6	45.2	54.6	72.6	35.8
Earnings Allocation Factor - Basic - Issue Specific	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×
Shares used to calculate Basic EPS - Issue Specific mn	13.3	13.3	13.3	13.3	13.3	13.3	13.3	13.3	13.3	13.3	13.3	13.3	13.3	13.3	13.3	13.3	13.4	13.3	13.3	13.3
EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific Rs	2.36	5.68	8.11	7.29	8.28	6.77	3.87	6.08	5.80	3.11	7.03	2.11	2.29	3.59	2.28	2.07	3.38	4.10	5.45	2.69
EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific Rs	2.36	5.68	8.11	7.29	8.28	6.77	3.87	6.08	5.80	3.11	7.03	2.11	2.29	3.59	2.28	2.07	3.38	4.10	5.45	2.69
EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific Rs	2.36	5.68	8.11	7.29	8.28	7.17	3.87	6.08	5.80	3.11	7.03	2.11	2.29	3.59	2.28	2.07	3.36	4.07	5.42	2.69
EPS - Basic from Discontinued Operations & Extraordinary Items Rs	0.00	0.00	0.00	0.00	0.00	0.00	(0.00)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dilution Adjustment	0.0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income - Diluted - including Extraordinary Items Applicable to Common - Total	31.5	75.7	108.2	97.2	110.3	90.3	51.6	81.0	77.3	41.5	93.7	28.2	30.5	47.9	30.4	27.6	45.2	54.6	72.6	35.8
Diluted Income available to Common excluding Extraordinary Items	31.5	75.7	108.2	97.2	110.3	90.3	51.6	81.0	77.3	41.5	93.7	28.2	30.5	47.9	30.4	27.6	45.2	54.6	72.6	35.8
Shares used to calculate Diluted EPS - Total mn	13.3	13.3	13.3	13.3	13.3	13.3	13.3	13.4	13.3	13.3	13.3	13.3	13.3	13.3	13.3	13.3	13.4	13.3	13.3	13.3
EPS - Diluted - including Extraordinary Items Applicable to Common - Total Rs	2.36	5.68	8.11	7.29	8.28	6.77	3.87	6.05	5.80	3.11	7.03	2.11	2.29	3.59	2.28	2.07	3.38	4.10	5.45	2.69
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total Rs	2.36	5.68	8.11	7.29	8.28	6.77	3.87	6.05	5.80	3.11	7.03	2.11	2.29	3.59	2.28	2.07	3.38	4.10	5.45	2.69
EPS - Diluted - excluding Extraordinary Items - Normalized - Total Rs	2.36	5.68	8.11	7.29	8.28	7.17	3.87	6.05	5.80	3.11	7.03	2.11	2.29	3.59	2.28	2.07	3.36	4.07	5.42	2.69
Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific	31.5	75.7	108.2	97.2	110.3	90.3	51.6	81.0	77.3	41.5	93.7	28.2	30.5	47.9	30.4	27.6	45.2	54.6	72.6	35.8
Earnings Allocation Factor - Diluted - Issue Specific	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×
Shares used to calculate Diluted EPS - Issue Specific mn	13.3	13.3	13.3	13.3	13.3	13.3	13.3	13.4	13.3	13.3	13.3	13.3	13.3	13.3	13.3	13.3	13.4	13.3	13.3	13.3
EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific Rs	2.36	5.68	8.11	7.29	8.28	6.77	3.87	6.05	5.80	3.11	7.03	2.11	2.29	3.59	2.28	2.07	3.38	4.10	5.45	2.69
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific Rs	2.36	5.68	8.11	7.29	8.28	6.77	3.87	6.05	5.80	3.11	7.03	2.11	2.29	3.59	2.28	2.07	3.38	4.10	5.45	2.69
EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific Rs	2.36	5.68	8.11	7.29	8.28	7.17	3.87	6.05	5.80	3.11	7.03	2.11	2.29	3.59	2.28	2.07	3.36	4.07	5.42	2.69
EPS - Diluted from Discontinued Operations & Extraordinary Items Rs	0.00	0.00	0.00	0.00	0.00	0.00	(0.00)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DPS - Common - Gross - Issue - By Announcement Date Rs	0.00	10.00	0.00	7.00	0.00	6.00	0.00	3.00	3.00	5.00	2.00	3.50	2.00	2.50	0.00	4.75	2.00	1.75	1.50	4.50
DPS - Common - Net - Issue - By Announcement Date Rs	0.00	9.00	0.00	6.30	0.00	5.40	0.00	2.70	2.70	4.50	1.80	3.15	1.80	2.25	0.00	4.28	1.80	1.58	1.35	4.05
Earnings before Interest & Taxes (EBIT)	178.6	97.6	157.6	148.6	157.2	84.9	100.0	95.7	69.8	38.0	114.4	(6.2)	47.6	70.1	49.4	40.3	177.6	77.6	121.4	51.6
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA)	193.3	109.4	168.8	158.8	168.1	95.1	107.7	107.7	81.1	52.2	126.2	3.8	59.7	80.5	60.9	51.7	190.4	90.3	134.1	64.0
Depreciation & Amortization - Supplemental	14.7	—	—	—	10.9	10.3	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Depreciation Expense - Total - Supplemental	14.7	—	—	—	10.9	10.3	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Depreciation, Depletion & Amortization - Total	14.7	11.8	11.2	10.2	10.9	10.3	7.7	12.0	11.3	14.2	11.8	10.1	12.2	10.4	11.5	11.4	12.7	12.8	12.7	12.4
Depreciation - Total	14.7	11.8	11.2	10.2	10.9	10.3	7.7	12.0	11.3	14.2	11.8	10.1	12.2	10.4	11.5	11.4	12.7	12.8	12.7	12.4
Normalized after Tax Profit	31.5	75.7	108.2	97.2	110.3	95.7	51.6	81.0	77.3	41.5	93.7	28.2	30.5	47.9	30.4	27.6	45.0	54.3	72.3	35.8
Normalized Net Income from Continuing Operations	31.5	75.7	108.2	97.2	110.3	95.7	51.6	81.0	77.3	41.5	93.7	28.2	30.5	47.9	30.4	27.6	45.0	54.3	72.3	35.8
Normalized Net Income - Bottom Line	31.5	75.7	108.2	97.2	110.3	95.7	51.6	81.0	77.3	41.5	93.7	28.2	30.5	47.9	30.4	27.6	45.0	54.3	72.3	35.8
Earnings before Interest & Taxes (EBIT) - Normalized	157.1	116.0	157.4	148.6	159.8	111.0	97.8	95.7	69.8	39.3	114.4	(5.7)	47.6	70.1	49.4	40.3	177.9	77.6	121.4	51.6
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized	171.8	127.8	168.7	158.8	170.7	121.3	105.6	107.7	81.1	53.5	126.2	4.4	59.7	80.5	60.9	51.7	190.7	90.3	134.1	64.0
Interest Expense	0.7	0.4	0.5	1.4	0.3	0.5	0.6	1.1	0.8	1.2	1.9	1.8	5.6	1.1	1.2	1.4	0.9	1.0	1.0	1.1
Operating Expenses	583.5	656.7	517.5	576.3	356.6	568.4	535.3	407.3	467.7	572.9	403.0	514.9	269.5	403.8	432.2	363.1	563.9	654.7	635.7	495.8
Selling, General & Administrative Expenses excluding Research & Development Expenses	77.7	65.9	75.1	71.5	51.3	55.8	61.8	54.8	67.4	58.8	63.8	49.3	43.8	45.4	35.1	53.6	52.2	41.0	46.5	43.7
Income before Taxes & Provision for Loan Losses	156.5	115.6	156.9	147.2	159.4	105.2	97.2	94.6	118.7	66.2	144.6	20.6	45.6	69.0	48.2	38.9	177.2	76.9	120.8	50.5
Cost of Revenue including Operation & Maintenance (Utility) - Total	495.5	580.9	453.7	555.4	326.4	519.5	502.8	389.4	398.0	514.0	329.5	464.4	252.4	367.4	417.3	312.9	514.6	621.9	573.7	456.3
Cost of Revenues excluding Depreciation	495.5	580.9	453.7	555.4	318.5	512.3	502.8	389.4	398.0	514.0	329.5	464.4	252.4	367.4	417.3	312.9	514.6	621.9	573.7	456.3
DPS - Common - Gross - Issue - By Payable Date Rs	0.00	10.00	0.00	7.00	0.00	6.00	0.00	3.00	3.00	5.00	2.00	3.50	2.00	2.50	0.00	4.75	2.00	1.75	1.50	4.50
DPS - Common - Gross - Issue - By Ex Date Rs	0.00	10.00	0.00	7.00	0.00	6.00	0.00	3.00	3.00	5.00	2.00	3.50	2.00	2.50	0.00	4.75	2.00	1.75	1.50	4.50
Tax Adjusted Operating Income	31.7	75.9	108.5	98.1	110.6	90.7	51.9	82.0	77.8	42.2	94.9	30.6	34.2	48.6	31.2	28.6	45.4	55.3	73.2	36.6
Operating Expenses excluding Non-Cash Charges - Total	568.9	644.8	506.3	566.0	345.7	558.1	527.5	395.2	456.4	558.7	391.3	504.8	257.3	393.3	420.7	351.7	551.1	641.9	623.0	483.4
Income Available to Common Shares before Depreciation & Amortization	46.2	87.5	119.5	107.4	121.2	100.6	59.3	93.1	88.6	55.7	105.5	38.2	42.6	58.3	41.9	39.0	57.9	67.4	85.3	48.3
Fixed Charges	0.7	0.4	0.5	1.4	0.3	0.5	0.6	1.1	0.8	1.2	1.9	1.8	5.6	1.1	1.2	1.4	0.9	1.0	1.0	1.1
Estimated Tax Rate	0.29×	0.29×	0.29×	0.29×	0.29×	0.29×	0.29×	0.29×	0.29×	0.29×	0.29×	0.29×	0.29×	0.29×	0.29×	0.29×	0.29×	0.29×	0.29×	0.29×
Total Common & Spl DPS -Gross - Issue - By Announcement Date Rs	0.00	10.00	0.00	7.00	0.00	6.00	0.00	3.00	3.00	5.00	2.00	3.50	2.00	2.50	0.00	4.75	2.00	1.75	1.50	4.50

Every line the company reported, in the original order and wording, without regrouping or signs changed.