Crescent Fibres Limited (CFL) quarterly income statement

Crescent Fibres Limited reported revenue of Rs 915.6 mn for Q3 FY2026 (Jan – Mar 2026), up 11.2% on Q3 FY2025. Gross profit came to -Rs 13.7 mn, a gross margin of -1.5%. Operating profit was -Rs 50.7 mn (an operating margin of -5.5%). Finance cost was Rs 33.3 mn, down 32.6% on Q3 FY2025. The loss attributable to shareholders was Rs 95.3 mn, or Rs -7.68 per share.

CFL income statement (quarterly) (Rs mn)
Rs mn	TTM to Mar 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	Q4 FY2021 Apr – Jun 2021
Revenue	3,349.0	915.6	831.3	1,011.7	590.4	823.1	1,368.9	1,548.0	866.8	1,646.1	2,011.5	1,975.4	1,599.7	1,691.8	1,514.4	2,041.7	2,055.3	2,076.2	2,089.7	1,876.9	1,650.0
Cost of revenue	(3,632.0)	(929.3)	(898.8)	(1,019.7)	(784.1)	(847.7)	(1,527.1)	(1,528.1)	(1,022.4)	(1,798.3)	(2,010.1)	(1,918.3)	(1,754.8)	(1,715.6)	(1,434.8)	(1,913.1)	(1,855.7)	(1,742.7)	(1,706.4)	(1,581.7)	(1,370.0)
Gross profit	(282.9)	(13.7)	(67.5)	(8.0)	(193.7)	(24.5)	(158.1)	19.9	(155.6)	(152.3)	1.4	57.1	(155.1)	(23.8)	79.5	128.6	199.6	333.5	383.3	295.3	280.0
Selling, general & administrative expenses	(228.3)	(51.1)	(50.0)	(47.8)	(79.4)	(50.8)	(56.7)	(53.8)	(97.8)	(58.1)	(73.0)	(49.9)	(61.9)	(49.1)	(70.8)	(48.2)	(62.7)	(42.4)	(46.3)	(40.1)	(54.9)
Operating profit	(417.9)	(50.7)	(78.0)	(37.6)	(251.5)	(56.9)	(198.3)	(16.3)	(244.4)	(197.4)	(48.4)	45.4	582.8	(58.8)	25.5	89.1	152.4	282.2	327.9	250.2	252.2
Finance cost	(140.4)	(33.3)	(37.2)	(37.2)	(32.7)	(49.4)	(52.7)	(64.7)	(70.8)	(62.6)	(71.4)	(67.7)	(84.2)	(71.9)	(78.1)	(53.5)	(47.4)	(36.2)	(33.0)	(23.7)	(23.1)
Profit before tax	(600.4)	(95.3)	(125.9)	(87.6)	(291.7)	(116.7)	(268.3)	(100.7)	(394.5)	(295.2)	(119.9)	(22.3)	498.5	(130.7)	(52.6)	35.7	104.8	246.0	295.0	226.5	229.1
Taxation	(15.4)	0.0	(9.7)	9.6	(15.3)	9.5	24.0	4.1	36.5	2.0	43.7	(8.8)	18.4	(17.2)	59.1	(27.6)	(0.3)	(104.3)	(65.3)	(47.8)	(76.4)
Profit after tax	(615.8)	(95.3)	(135.6)	(77.9)	(307.0)	(107.2)	(244.2)	(96.5)	(358.1)	(293.2)	(76.1)	(31.1)	516.9	(147.9)	6.5	8.1	104.6	141.7	229.7	178.7	152.6
Profit attributable to shareholders	(615.8)	(95.3)	(135.6)	(77.9)	(307.0)	(107.2)	(244.2)	(96.5)	(358.1)	(293.2)	(76.1)	(31.1)	516.9	(147.9)	6.5	8.1	104.6	141.7	229.7	178.7	152.6
Per share & other
EPS – basic (Rs) Rs	(49.59)	(7.68)	(10.92)	(6.27)	(24.72)	(8.63)	(19.67)	(7.77)	(28.84)	(23.61)	(6.13)	(2.51)	41.63	(11.91)	0.53	0.65	8.42	11.41	18.50	14.39	12.29
EPS – diluted (Rs) Rs	(49.59)	(7.68)	(10.92)	(6.27)	(24.72)	(8.63)	(19.67)	(7.77)	(28.84)	(23.61)	(6.13)	(2.51)	41.63	(11.91)	0.53	0.65	8.42	11.41	18.50	14.39	12.29
Dividend per share (Rs) 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	1.50
EBITDA	(273.5)	(14.6)	(41.9)	(3.6)	(213.5)	(20.1)	(161.5)	20.5	(205.5)	(156.2)	(7.9)	68.5	608.4	(33.2)	51.2	114.8	179.1	308.5	353.7	275.3	279.2
Depreciation & amortisation	144.4	36.1	36.1	34.0	38.0	36.8	36.8	36.8	38.9	41.2	40.5	23.1	25.6	25.6	25.6	25.7	26.8	26.3	25.7	25.1	27.0
Weighted average shares mn	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4

CFL income statement — year-on-year change (Rs mn)
Rs mn	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	Q4 FY2021 Apr – Jun 2021
Revenue	+11.2%	-39.3%	-34.6%	-31.9%	-50.0%	-31.9%	-21.6%	-45.8%	-2.7%	+32.8%	-3.2%	-22.2%	-18.5%	-27.5%	+8.8%	+24.6%	+31.4%	+48.0%	+29.5%	+105.0%
Cost of revenue	+9.6%	-41.1%	-33.3%	-23.3%	-52.9%	-24.0%	-20.3%	-41.7%	+4.8%	+40.1%	+0.3%	-5.4%	-1.6%	-15.9%	+21.0%	+35.5%	+31.4%	+38.4%	+20.0%	+77.6%
Gross profit	—	—	-139.9%	—	—	-11,015.0%	-65.1%	—	—	-98.2%	-55.6%	-177.7%	-107.1%	-79.3%	-56.5%	-28.7%	+31.5%	+113.5%	+125.3%	+739.0%
Selling, general & administrative expenses	+0.7%	-11.8%	-11.1%	-18.8%	-12.5%	-22.4%	+7.9%	+57.9%	+18.2%	+3.1%	+3.4%	-1.2%	+15.9%	+53.0%	+20.3%	+14.1%	+12.3%	+9.0%	+4.9%	+62.4%
Operating profit	—	—	—	—	—	—	-136.0%	-141.9%	—	-289.7%	-49.1%	+282.5%	-120.8%	-92.2%	-64.4%	-39.6%	+35.0%	+114.4%	+166.5%	+467.5%
Finance cost	-32.6%	-29.3%	-42.6%	-53.8%	-21.1%	-26.3%	-4.5%	-15.9%	-12.9%	-8.6%	+26.7%	+77.9%	+98.9%	+137.0%	+125.8%	+105.0%	-2.0%	+10.0%	-12.2%	-44.0%
Profit before tax	—	—	—	—	—	—	—	-179.1%	—	—	-162.6%	+375.5%	-153.1%	-117.8%	-84.3%	-54.2%	+42.9%	+139.9%	+238.4%	+6,914.8%
Taxation	—	—	—	—	—	—	-147.3%	—	-111.7%	—	-68.3%	-6,820.4%	-83.5%	-190.6%	-42.2%	-99.6%	+206.8%	+765.7%	+152.2%	—
Profit after tax	—	—	—	—	—	—	—	-169.3%	—	-1,262.5%	-486.4%	+394.4%	-204.4%	-97.1%	-95.5%	-31.5%	+2.5%	+99.0%	+272.5%	+599.3%
Profit attributable to shareholders	—	—	—	—	—	—	—	-169.3%	—	-1,262.5%	-486.4%	+394.4%	-204.4%	-97.1%	-95.5%	-31.5%	+2.5%	+99.0%	+272.5%	+599.3%
Per share & other
EPS – basic (Rs)	—	—	—	—	—	—	—	-169.3%	—	-1,262.5%	-486.4%	+394.4%	-204.4%	-97.1%	-95.5%	-31.5%	+2.5%	+99.0%	+272.5%	+599.3%
EPS – diluted (Rs)	—	—	—	—	—	—	—	-169.3%	—	-1,262.5%	-486.4%	+394.4%	-204.4%	-97.1%	-95.5%	-31.5%	+2.5%	+99.0%	+272.5%	+599.3%
Dividend per share (Rs)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-100.0%	—	—	—	—
EBITDA	—	—	-117.6%	—	—	—	-70.1%	-133.8%	—	-115.4%	-40.3%	+239.6%	-110.8%	-85.5%	-58.3%	-35.8%	+30.8%	+97.0%	+128.8%	+282.3%
Depreciation & amortisation	-1.7%	-1.7%	-7.4%	-2.3%	-10.8%	-9.3%	+58.9%	+52.0%	+61.3%	+58.1%	-9.9%	-4.4%	-2.8%	-0.3%	+2.4%	-0.8%	-1.8%	-3.1%	-5.1%	-5.6%
Weighted average shares	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

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

CFL income statement — common size (Rs mn)
Rs mn	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	Q4 FY2021 Apr – Jun 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	(101.5%)	(108.1%)	(100.8%)	(132.8%)	(103.0%)	(111.6%)	(98.7%)	(118.0%)	(109.3%)	(99.9%)	(97.1%)	(109.7%)	(101.4%)	(94.7%)	(93.7%)	(90.3%)	(83.9%)	(81.7%)	(84.3%)	(83.0%)
Gross profit	(1.5%)	(8.1%)	(0.8%)	(32.8%)	(3.0%)	(11.6%)	1.3%	(18.0%)	(9.3%)	0.1%	2.9%	(9.7%)	(1.4%)	5.3%	6.3%	9.7%	16.1%	18.3%	15.7%	17.0%
Selling, general & administrative expenses	(5.6%)	(6.0%)	(4.7%)	(13.4%)	(6.2%)	(4.1%)	(3.5%)	(11.3%)	(3.5%)	(3.6%)	(2.5%)	(3.9%)	(2.9%)	(4.7%)	(2.4%)	(3.0%)	(2.0%)	(2.2%)	(2.1%)	(3.3%)
Operating profit	(5.5%)	(9.4%)	(3.7%)	(42.6%)	(6.9%)	(14.5%)	(1.1%)	(28.2%)	(12.0%)	(2.4%)	2.3%	36.4%	(3.5%)	1.7%	4.4%	7.4%	13.6%	15.7%	13.3%	15.3%
Finance cost	(3.6%)	(4.5%)	(3.7%)	(5.5%)	(6.0%)	(3.8%)	(4.2%)	(8.2%)	(3.8%)	(3.6%)	(3.4%)	(5.3%)	(4.3%)	(5.2%)	(2.6%)	(2.3%)	(1.7%)	(1.6%)	(1.3%)	(1.4%)
Profit before tax	(10.4%)	(15.1%)	(8.7%)	(49.4%)	(14.2%)	(19.6%)	(6.5%)	(45.5%)	(17.9%)	(6.0%)	(1.1%)	31.2%	(7.7%)	(3.5%)	1.7%	5.1%	11.8%	14.1%	12.1%	13.9%
Taxation	0.0%	(1.2%)	1.0%	(2.6%)	1.2%	1.8%	0.3%	4.2%	0.1%	2.2%	(0.4%)	1.2%	(1.0%)	3.9%	(1.4%)	(0.0%)	(5.0%)	(3.1%)	(2.5%)	(4.6%)
Profit after tax	(10.4%)	(16.3%)	(7.7%)	(52.0%)	(13.0%)	(17.8%)	(6.2%)	(41.3%)	(17.8%)	(3.8%)	(1.6%)	32.3%	(8.7%)	0.4%	0.4%	5.1%	6.8%	11.0%	9.5%	9.3%
Profit attributable to shareholders	(10.4%)	(16.3%)	(7.7%)	(52.0%)	(13.0%)	(17.8%)	(6.2%)	(41.3%)	(17.8%)	(3.8%)	(1.6%)	32.3%	(8.7%)	0.4%	0.4%	5.1%	6.8%	11.0%	9.5%	9.3%
Per share & other
EBITDA	(1.6%)	(5.0%)	(0.4%)	(36.2%)	(2.4%)	(11.8%)	1.3%	(23.7%)	(9.5%)	(0.4%)	3.5%	38.0%	(2.0%)	3.4%	5.6%	8.7%	14.9%	16.9%	14.7%	16.9%
Depreciation & amortisation	3.9%	4.3%	3.4%	6.4%	4.5%	2.7%	2.4%	4.5%	2.5%	2.0%	1.2%	1.6%	1.5%	1.7%	1.3%	1.3%	1.3%	1.2%	1.3%	1.6%

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 93

CFL income statement — all reported line items (Rs mn)
Rs mn	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	Q4 FY2021 Apr – Jun 2021
Revenue from Goods & Services	915.6	831.3	1,011.7	590.4	823.1	1,368.9	1,548.0	866.8	1,646.1	2,011.5	1,975.4	1,599.7	1,691.8	1,514.4	2,041.7	2,055.3	2,076.2	2,089.7	1,876.9	1,650.0
Sales of Goods & Services - Net - Unclassified	915.6	831.3	1,011.7	590.4	823.1	1,368.9	1,548.0	866.8	1,646.1	2,011.5	1,975.4	1,599.7	1,691.8	1,514.4	2,041.7	2,055.3	2,076.2	2,089.7	1,876.9	1,650.0
Revenue from Business Activities - Total	915.6	831.3	1,011.7	590.4	823.1	1,368.9	1,548.0	866.8	1,646.1	2,011.5	1,975.4	1,599.7	1,691.8	1,514.4	2,041.7	2,055.3	2,076.2	2,089.7	1,876.9	1,650.0
Cost of Operating Revenue	929.3	898.8	1,019.7	784.1	847.7	1,527.1	1,528.1	1,022.4	1,798.3	2,010.1	1,918.3	1,754.8	1,715.6	1,434.8	1,913.1	1,855.7	1,742.7	1,706.4	1,581.7	1,370.0
Cost of Revenues - Total	929.3	898.8	1,019.7	784.1	847.7	1,527.1	1,528.1	1,022.4	1,798.3	2,010.1	1,918.3	1,754.8	1,715.6	1,434.8	1,913.1	1,855.7	1,742.7	1,706.4	1,581.7	1,370.0
Cost of Revenues - Unclassified	896.9	866.4	989.4	750.7	814.2	1,493.6	1,494.6	986.0	1,762.0	1,973.7	—	1,733.1	1,693.9	1,414.0	1,889.7	1,832.1	1,696.0	1,682.8	1,558.6	1,345.1
Selling, General & Administrative Expenses - Total	51.1	50.0	47.8	79.4	50.8	56.7	53.8	97.8	58.1	73.0	49.9	61.9	49.1	70.8	48.2	62.7	42.4	46.3	40.1	54.9
Selling, General & Administrative Expenses - Unclassified	51.1	50.0	—	46.8	50.8	56.7	—	30.3	58.1	—	—	26.7	—	—	—	52.6	—	—	—	40.0
Depreciation in Cost of Revenues	32.4	32.4	30.3	33.5	33.5	33.5	33.5	36.4	36.4	36.4	—	21.7	21.7	20.9	23.5	23.6	46.7	23.6	23.0	24.8
Other Operating Expense/(Income) - Net	(14.2)	(39.5)	(18.1)	(21.6)	(18.4)	(16.5)	(17.6)	(9.0)	(12.9)	(23.1)	(38.2)	(799.7)	(14.2)	(16.8)	(8.8)	(15.5)	8.9	9.1	4.9	(27.1)
Other Operating Income - Total	14.5	39.8	18.5	21.6	19.8	16.8	17.9	9.4	13.2	23.5	38.5	807.5	14.2	16.8	11.6	20.0	9.7	16.8	12.2	31.0
Gross Profit - Industrials/Property - Total	(13.7)	(67.5)	(8.0)	(193.7)	(24.5)	(158.1)	19.9	(155.6)	(152.3)	1.4	57.1	(155.1)	(23.8)	79.5	128.6	199.6	333.5	383.3	295.3	280.0
Operating Expenses - Total	966.3	909.3	1,049.4	841.9	880.0	1,567.3	1,564.4	1,111.2	1,843.5	2,060.0	1,930.0	1,016.9	1,750.6	1,488.8	1,952.6	1,902.9	1,794.0	1,761.8	1,626.7	1,397.8
Selling, General & Administrative Expenses - Other - Total	0.0	0.0	—	32.6	0.0	0.0	—	67.5	0.0	—	—	35.2	—	—	—	10.1	—	—	—	14.9
Operating Profit before Non-Recurring Income/(Expense)	(50.7)	(78.0)	(37.6)	(251.5)	(56.9)	(198.3)	(16.3)	(244.4)	(197.4)	(48.4)	45.4	582.8	(58.8)	25.5	89.1	152.4	282.2	327.9	250.2	252.2
Financing Income/(Expense) - Net - Total	(33.3)	(37.2)	(37.2)	(32.7)	(49.4)	(52.7)	(64.7)	(70.8)	(62.6)	(71.4)	(67.7)	(84.2)	(71.9)	(78.1)	(53.5)	(47.4)	(36.2)	(33.0)	(23.7)	(23.1)
Interest Expense - Net of (Interest Income)	33.3	37.2	37.2	32.7	49.4	52.7	64.7	70.8	62.6	71.4	67.7	84.2	71.9	78.1	53.5	47.4	36.2	33.0	23.7	23.1
Other Operating Expense	0.4	0.4	0.4	—	1.4	0.4	0.4	0.4	0.3	0.3	0.3	7.8	0.0	—	2.8	4.5	18.6	25.9	17.2	3.9
Interest Expense - Net of Capitalized Interest	33.3	37.2	37.2	32.7	49.4	52.7	64.7	70.8	62.6	71.4	67.7	84.2	71.9	78.1	53.5	47.4	36.2	33.0	23.7	23.1
Provision for Doubtful Accounts & Write-off	0.0	0.0	—	32.6	0.0	0.0	—	67.5	0.0	—	—	35.2	—	—	—	10.1	—	—	—	14.9
Equity Earnings/(Loss) - before Taxes including Non-Recurring	—	—	—	—	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	(0.2)	(0.0)	(0.0)	(0.0)	(0.0)
Other Non-Operating Income/(Expense) - Total	(11.4)	(10.6)	(12.8)	(7.4)	(10.4)	(17.3)	(19.7)	(79.3)	(35.1)	—	—	—	—	—	(0.0)	—	—	—	—	—
Normalized Pre-tax Profit	(95.3)	(125.9)	(87.6)	(291.7)	(116.7)	(268.3)	(100.7)	(394.5)	(295.2)	(119.9)	(22.3)	498.5	(130.7)	(52.6)	35.7	104.8	246.0	295.0	226.5	229.1
Interest Income - Non-Bank	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.0	—	—	—
Provision for Income Tax Expense- Unclassified	0.0	9.7	(9.6)	15.3	(9.5)	(24.0)	(4.1)	(36.5)	(2.0)	(43.7)	8.8	(18.4)	17.2	(59.1)	27.6	0.3	104.3	65.3	47.8	76.4
Income before Taxes	(95.3)	(125.9)	(87.6)	(291.7)	(116.7)	(268.3)	(100.7)	(394.5)	(295.2)	(119.9)	(22.3)	498.5	(130.7)	(52.6)	35.7	104.8	246.0	295.0	226.5	229.1
Income Taxes	0.0	9.7	(9.6)	15.3	(9.5)	(24.0)	(4.1)	(36.5)	(2.0)	(43.7)	8.8	(18.4)	17.2	(59.1)	27.6	0.3	104.3	65.3	47.8	76.4
Net Income after Tax	(95.3)	(135.6)	(77.9)	(307.0)	(107.2)	(244.2)	(96.5)	(358.1)	(293.2)	(76.1)	(31.1)	516.9	(147.9)	6.5	8.1	104.6	141.7	229.7	178.7	152.6
Income before Discontinued Operations & Extraordinary Items	(95.3)	(135.6)	(77.9)	(307.0)	(107.2)	(244.2)	(96.5)	(358.1)	(293.2)	(76.1)	(31.1)	516.9	(147.9)	6.5	8.1	104.6	141.7	229.7	178.7	152.6
Net Income before Minority Interest	(95.3)	(135.6)	(77.9)	(307.0)	(107.2)	(244.2)	(96.5)	(358.1)	(293.2)	(76.1)	(31.1)	516.9	(147.9)	6.5	8.1	104.6	141.7	229.7	178.7	152.6
Net Income after Minority Interest	(95.3)	(135.6)	(77.9)	(307.0)	(107.2)	(244.2)	(96.5)	(358.1)	(293.2)	(76.1)	(31.1)	516.9	(147.9)	6.5	8.1	104.6	141.7	229.7	178.7	152.6
Income Available to Common Shares	(95.3)	(135.6)	(77.9)	(307.0)	(107.2)	(244.2)	(96.5)	(358.1)	(293.2)	(76.1)	(31.1)	516.9	(147.9)	6.5	8.1	104.6	141.7	229.7	178.7	152.6
Earnings Adjustments to Net Income - Other Expense/(Income)	—	—	—	—	—	—	—	—	—	—	—	—	0.0	—	—	—	—	—	—	—
DPS - Common - Gross - Issue - By Period End Date 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	1.50
Net Income - Basic - including Extraordinary Items Applicable to Common - Total	(95.3)	(135.6)	(77.9)	(307.0)	(107.2)	(244.2)	(96.5)	(358.1)	(293.2)	(76.1)	(31.1)	516.9	(147.9)	6.5	8.1	104.6	141.7	229.7	178.7	152.6
Income available to Common excluding Extraordinary Items	(95.3)	(135.6)	(77.9)	(307.0)	(107.2)	(244.2)	(96.5)	(358.1)	(293.2)	(76.1)	(31.1)	516.9	(147.9)	6.5	8.1	104.6	141.7	229.7	178.7	152.6
Shares used to calculate Basic EPS - Total mn	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4
EPS - Basic - including Extraordinary Items Applicable to Common - Total Rs	(7.68)	(10.92)	(6.27)	(24.72)	(8.63)	(19.67)	(7.77)	(28.84)	(23.61)	(6.13)	(2.51)	41.63	(11.91)	0.53	0.65	8.42	11.41	18.50	14.39	12.29
EPS - Basic - excluding Extraordinary Items Applicable to Common - Total Rs	(7.68)	(10.92)	(6.27)	(24.72)	(8.63)	(19.67)	(7.77)	(28.84)	(23.61)	(6.13)	(2.51)	41.63	(11.91)	0.53	0.65	8.42	11.41	18.50	14.39	12.29
EPS - Basic - excluding Extraordinary Items - Normalized - Total Rs	(7.68)	(10.92)	(6.27)	(24.72)	(8.63)	(19.67)	(7.77)	(28.84)	(23.61)	(6.13)	(2.51)	41.63	(11.91)	0.53	0.65	8.42	11.41	18.50	14.39	12.29
Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific	(95.3)	(135.6)	(77.9)	(307.0)	(107.2)	(244.2)	(96.5)	(358.1)	(293.2)	(76.1)	(31.1)	516.9	(147.9)	6.5	8.1	104.6	141.7	229.7	178.7	152.6
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	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4
EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific Rs	(7.68)	(10.92)	(6.27)	(24.72)	(8.63)	(19.67)	(7.77)	(28.84)	(23.61)	(6.13)	(2.51)	41.63	(11.91)	0.53	0.65	8.42	11.41	18.50	14.39	12.29
EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific Rs	(7.68)	(10.92)	(6.27)	(24.72)	(8.63)	(19.67)	(7.77)	(28.84)	(23.61)	(6.13)	(2.51)	41.63	(11.91)	0.53	0.65	8.42	11.41	18.50	14.39	12.29
EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific Rs	(7.68)	(10.92)	(6.27)	(24.72)	(8.63)	(19.67)	(7.77)	(28.84)	(23.61)	(6.13)	(2.51)	41.63	(11.91)	0.53	0.65	8.42	11.41	18.50	14.39	12.29
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
Net Income - Diluted - including Extraordinary Items Applicable to Common - Total	(95.3)	(135.6)	(77.9)	(307.0)	(107.2)	(244.2)	(96.5)	(358.1)	(293.2)	(76.1)	(31.1)	516.9	(147.9)	6.5	8.1	104.6	141.7	229.7	178.7	152.6
Diluted Income available to Common excluding Extraordinary Items	(95.3)	(135.6)	(77.9)	(307.0)	(107.2)	(244.2)	(96.5)	(358.1)	(293.2)	(76.1)	(31.1)	516.9	(147.9)	6.5	8.1	104.6	141.7	229.7	178.7	152.6
Shares used to calculate Diluted EPS - Total mn	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4
EPS - Diluted - including Extraordinary Items Applicable to Common - Total Rs	(7.68)	(10.92)	(6.27)	(24.72)	(8.63)	(19.67)	(7.77)	(28.84)	(23.61)	(6.13)	(2.51)	41.63	(11.91)	0.53	0.65	8.42	11.41	18.50	14.39	12.29
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total Rs	(7.68)	(10.92)	(6.27)	(24.72)	(8.63)	(19.67)	(7.77)	(28.84)	(23.61)	(6.13)	(2.51)	41.63	(11.91)	0.53	0.65	8.42	11.41	18.50	14.39	12.29
EPS - Diluted - excluding Extraordinary Items - Normalized - Total Rs	(7.68)	(10.92)	(6.27)	(24.72)	(8.63)	(19.67)	(7.77)	(28.84)	(23.61)	(6.13)	(2.51)	41.63	(11.91)	0.53	0.65	8.42	11.41	18.50	14.39	12.29
Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific	(95.3)	(135.6)	(77.9)	(307.0)	(107.2)	(244.2)	(96.5)	(358.1)	(293.2)	(76.1)	(31.1)	516.9	(147.9)	6.5	8.1	104.6	141.7	229.7	178.7	152.6
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	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4	12.4
EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific Rs	(7.68)	(10.92)	(6.27)	(24.72)	(8.63)	(19.67)	(7.77)	(28.84)	(23.61)	(6.13)	(2.51)	41.63	(11.91)	0.53	0.65	8.42	11.41	18.50	14.39	12.29
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific Rs	(7.68)	(10.92)	(6.27)	(24.72)	(8.63)	(19.67)	(7.77)	(28.84)	(23.61)	(6.13)	(2.51)	41.63	(11.91)	0.53	0.65	8.42	11.41	18.50	14.39	12.29
EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific Rs	(7.68)	(10.92)	(6.27)	(24.72)	(8.63)	(19.67)	(7.77)	(28.84)	(23.61)	(6.13)	(2.51)	41.63	(11.91)	0.53	0.65	8.42	11.41	18.50	14.39	12.29
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	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	1.50	0.00
DPS - Common - Net - Issue - By Announcement Date 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	1.35	0.00
Earnings before Interest & Taxes (EBIT)	(50.7)	(78.0)	(37.6)	(251.5)	(56.9)	(198.3)	(16.3)	(244.4)	(197.4)	(48.4)	45.4	582.8	(58.8)	25.5	89.1	152.4	282.2	327.9	250.2	252.2
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA)	(14.6)	(41.9)	(3.6)	(213.5)	(20.1)	(161.5)	20.5	(205.5)	(156.2)	(7.9)	68.5	608.4	(33.2)	51.2	114.8	179.1	308.5	353.7	275.3	279.2
Depreciation & Amortization - Supplemental	36.1	36.1	34.0	37.5	36.2	36.2	36.8	38.4	40.7	39.9	22.7	25.1	25.0	24.7	25.7	26.8	26.3	25.7	25.1	27.0
Depreciation Expense - Total - Supplemental	35.6	35.6	33.5	37.5	36.2	36.2	36.2	38.4	40.7	39.9	22.7	25.1	25.0	24.7	25.7	26.8	26.3	25.7	25.1	27.0
Depreciation - Financial Lease Right-of-Use Assets - Supplemental	3.4	3.4	3.4	3.9	4.2	4.0	4.4	3.5	5.9	4.7	0.8	2.1	2.2	2.2	2.2	2.4	2.1	1.9	1.9	2.0
Amortization - Total - Supplemental	0.5	0.5	0.5	—	—	—	0.5	—	—	—	—	—	—	—	—	—	—	—	—	—
Intangible Amortization - Other - Supplemental	0.5	0.5	0.5	—	—	—	0.5	—	—	—	—	—	—	—	—	—	—	—	—	—
Amortization of Computer Software - Supplemental	0.5	0.5	0.5	—	—	—	0.5	—	—	—	—	—	—	—	—	—	—	—	—	—
Depreciation, Depletion & Amortization - Total	36.1	36.1	34.0	38.0	36.8	36.8	36.8	38.9	41.2	40.5	23.1	25.6	25.6	25.6	25.7	26.8	26.3	25.7	25.1	27.0
Depreciation - Total	35.6	35.6	33.5	37.5	36.2	36.2	36.2	38.4	40.7	39.9	22.7	25.1	25.0	24.7	25.7	26.8	26.3	25.7	25.1	27.0
Amortization of Intangible Assets excluding Goodwill - Total	0.5	0.5	0.5	0.5	0.5	0.6	0.5	0.5	0.5	0.7	0.4	0.5	0.5	0.9	—	—	—	—	—	—
Normalized after Tax Profit	(95.3)	(135.6)	(77.9)	(307.0)	(107.2)	(244.2)	(96.5)	(358.1)	(293.2)	(76.1)	(31.1)	516.9	(147.9)	6.5	8.1	104.6	141.7	229.7	178.7	152.6
Normalized Net Income from Continuing Operations	(95.3)	(135.6)	(77.9)	(307.0)	(107.2)	(244.2)	(96.5)	(358.1)	(293.2)	(76.1)	(31.1)	516.9	(147.9)	6.5	8.1	104.6	141.7	229.7	178.7	152.6
Normalized Net Income - Bottom Line	(95.3)	(135.6)	(77.9)	(307.0)	(107.2)	(244.2)	(96.5)	(358.1)	(293.2)	(76.1)	(31.1)	516.9	(147.9)	6.5	8.1	104.6	141.7	229.7	178.7	152.6
Earnings before Interest & Taxes (EBIT) - Normalized	(62.1)	(88.7)	(50.4)	(259.0)	(67.3)	(215.6)	(36.0)	(323.7)	(232.6)	(48.4)	45.4	582.8	(58.8)	25.5	89.1	152.2	282.1	327.9	250.2	252.2
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized	(25.9)	(52.5)	(16.4)	(220.9)	(30.5)	(178.8)	0.8	(284.8)	(191.3)	(7.9)	68.5	608.4	(33.2)	51.2	114.8	179.0	308.4	353.7	275.3	279.2
Depreciation of Financial Lease Right-of-Use Assets	3.4	3.4	3.4	3.9	4.2	4.0	4.4	3.5	5.9	4.7	0.8	2.1	2.2	2.2	2.2	2.4	2.1	1.9	1.9	2.0
Interest Expense	33.3	37.2	37.2	32.7	49.4	52.7	64.7	70.8	62.6	71.4	67.7	84.2	71.9	78.1	53.5	47.4	36.2	33.0	23.7	23.1
Operating Expenses	966.3	909.3	1,049.4	841.9	880.0	1,567.3	1,564.4	1,111.2	1,843.5	2,060.0	1,930.0	1,016.9	1,750.6	1,488.8	1,952.6	1,902.9	1,794.0	1,761.8	1,626.7	1,397.8
Selling, General & Administrative Expenses excluding Research & Development Expenses	51.1	50.0	47.8	79.4	50.8	56.7	53.8	97.8	58.1	73.0	49.9	61.9	49.1	70.8	48.2	62.7	42.4	46.3	40.1	54.9
Income before Taxes & Provision for Loan Losses	(95.3)	(125.9)	(87.6)	(291.7)	(116.7)	(268.3)	(100.7)	(394.5)	(295.2)	(119.9)	(22.3)	498.5	(130.7)	(52.6)	35.7	104.8	246.0	295.0	226.5	229.1
Cost of Revenue including Operation & Maintenance (Utility) - Total	929.3	898.8	1,019.7	784.1	847.7	1,527.1	1,528.1	1,022.4	1,798.3	2,010.1	1,918.3	1,754.8	1,715.6	1,434.8	1,913.1	1,855.7	1,742.7	1,706.4	1,581.7	1,370.0
Cost of Revenues excluding Depreciation	896.9	866.4	989.4	750.7	814.2	1,493.6	1,494.6	986.0	1,762.0	1,973.7	1,918.3	1,733.1	1,693.9	1,414.0	1,889.7	1,832.1	1,696.0	1,682.8	1,558.6	1,345.1
DPS - Common - Gross - Issue - By Payable Date 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	1.50	0.00	0.00
DPS - Common - Gross - Issue - By Ex Date 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	1.50	0.00	0.00
Tax Adjusted Operating Income	—	—	—	—	—	—	—	—	—	—	—	604.3	—	—	20.1	151.8	162.5	255.4	197.4	168.0
Operating Expenses excluding Non-Cash Charges - Total	930.1	873.2	1,015.3	803.9	843.3	1,530.5	1,527.6	1,072.3	1,802.3	2,019.4	1,906.9	991.3	1,725.0	1,463.2	1,926.9	1,876.1	1,767.7	1,736.1	1,601.6	1,370.8
Income Available to Common Shares before Depreciation & Amortization	(59.2)	(99.5)	(43.9)	(269.0)	(70.4)	(207.5)	(59.7)	(319.2)	(251.9)	(35.6)	(8.0)	542.5	(122.3)	32.2	33.7	131.3	168.0	255.4	203.8	179.6
Fixed Charges	33.3	37.2	37.2	32.7	49.4	52.7	64.7	70.8	62.6	71.4	67.7	84.2	71.9	78.1	53.5	47.4	36.2	33.0	23.7	23.1
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	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	1.50	0.00

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