Cherat Packaging Limited (CPPL) quarterly income statement

Cherat Packaging Limited reported revenue of Rs 4.0 bn for Q4 FY2026 (Apr – Jun 2026), up 26.2% on Q4 FY2025. Gross profit came to Rs 995.0 mn, a gross margin of 24.7%. Operating profit was Rs 982.7 mn (an operating margin of 24.4%). Finance cost was Rs 108.0 mn, up 23.3% on Q4 FY2025. Tax of Rs 477.7 mn took 47.1% of pre-tax profit. Profit attributable to shareholders was Rs 536.2 mn, or Rs 10.89 per share.

CPPL income statement (quarterly) (Rs bn)
Rs bn	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	15.1	4.0	3.7	4.0	3.4	3.2	3.3	3.3	3.2	3.1	3.3	3.6	3.8	4.1	4.6	4.0	3.8	3.5	3.5	3.5	3.1
Cost of revenue	(13.2)	(3.0)	(3.4)	(3.6)	(3.1)	(3.1)	(3.0)	(3.1)	(2.9)	(2.9)	(3.1)	(3.2)	(3.2)	(3.1)	(3.4)	(3.6)	(3.2)	(2.8)	(3.0)	(2.8)	(2.5)
Gross profit	1.9	1.0	0.3	0.4	0.2	0.1	0.3	0.2	0.3	0.2	0.2	0.4	0.6	1.0	1.2	0.4	0.6	0.6	0.5	0.6	0.6
Selling, general & administrative expenses	(0.6)	(0.2)	(0.2)	(0.1)	(0.1)	(0.1)	(0.1)	(0.1)	(0.1)	(0.1)	(0.1)	(0.1)	(0.1)	(0.1)	(0.1)	(0.1)	(0.1)	(0.1)	(0.1)	(0.1)	(0.1)
Operating profit	1.5	1.0	0.1	0.2	0.1	0.0	0.2	0.4	0.2	0.1	0.9	0.4	0.5	1.0	1.1	0.4	0.5	0.5	0.4	0.5	0.5
Finance cost	(0.4)	(0.1)	(0.1)	(0.1)	(0.1)	(0.1)	(0.1)	(0.1)	(0.1)	(0.1)	(0.2)	(0.2)	(0.3)	(0.3)	(0.4)	(0.3)	(0.3)	(0.1)	(0.1)	(0.1)	(0.1)
Profit before tax	1.1	1.0	(0.0)	0.1	(0.0)	(0.2)	0.1	0.3	0.1	(0.0)	0.7	0.1	0.2	0.7	0.7	0.0	0.2	0.4	0.2	0.4	0.4
Taxation	(0.4)	(0.5)	0.0	(0.0)	0.0	0.1	(0.0)	(0.1)	0.0	0.0	(0.1)	(0.0)	(0.1)	(0.4)	(0.2)	(0.0)	(0.1)	(0.2)	(0.1)	(0.1)	(0.1)
Profit after tax	0.7	0.5	0.0	0.1	0.0	(0.0)	0.1	0.2	0.1	0.0	0.6	0.1	0.1	0.2	0.5	0.0	0.2	0.2	0.2	0.3	0.3
Profit attributable to shareholders	0.7	0.5	0.0	0.1	0.0	(0.0)	0.1	0.2	0.1	0.0	0.6	0.1	0.1	0.2	0.5	0.0	0.2	0.2	0.2	0.3	0.3
Per share & other
EPS – basic (Rs) Rs	13.23	10.89	0.56	1.45	0.33	(0.84)	1.74	3.69	2.67	0.56	13.21	1.47	2.81	4.57	9.77	0.86	3.30	3.23	3.53	5.72	5.55
EPS – diluted (Rs) Rs	13.23	10.89	0.56	1.45	0.33	(0.84)	1.74	3.69	2.67	0.56	13.21	1.47	2.81	4.57	9.77	0.86	3.30	3.23	3.53	5.72	5.55
Dividend per share (Rs) Rs	4.00	3.00	0.00	1.00	0.00	2.00	0.00	1.00	0.00	3.50	0.00	1.00	0.00	2.00	0.00	0.95	0.00	1.30	0.00	0.87	0.00
EBITDA	1.8	1.1	0.2	0.3	0.2	0.1	0.3	0.5	0.3	0.2	1.0	0.5	0.6	1.0	1.2	0.5	0.6	0.6	0.5	0.6	0.5
Depreciation & amortisation	0.4	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
Weighted average shares mn	49.2	49.2	49.4	48.9	49.1	49.1	49.1	49.1	49.1	49.1	49.1	49.0	49.1	49.1	49.1	49.1	49.1	49.1	49.1	49.1	49.1

CPPL 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	+26.2%	+11.5%	+21.8%	+4.5%	+3.1%	+1.2%	-9.3%	-15.7%	-25.4%	-28.3%	-10.1%	+0.5%	+19.1%	+32.0%	+16.6%	+22.8%	+14.7%	+18.2%	+25.1%	+22.7%
Cost of revenue	-0.9%	+13.7%	+18.9%	+9.0%	+6.4%	-2.0%	-3.8%	-11.3%	-7.6%	-9.3%	-11.4%	+1.3%	+9.7%	+13.2%	+26.4%	+26.5%	+15.3%	+22.7%	+24.1%	+18.3%
Gross profit	+658.9%	-9.3%	+59.8%	-32.6%	-40.3%	+47.5%	-49.0%	-40.1%	-78.8%	-82.2%	+0.5%	-3.3%	+60.4%	+148.5%	-28.5%	+6.5%	+12.3%	-3.8%	+30.2%	+47.1%
Selling, general & administrative expenses	+28.0%	+28.5%	+17.0%	+10.0%	+23.9%	+8.6%	+15.5%	+0.2%	+16.4%	-1.5%	-9.4%	+13.9%	-31.7%	+23.6%	+19.6%	+35.7%	+69.3%	+1.4%	+46.1%	+16.6%
Operating profit	+5,560.6%	-32.5%	-43.2%	-54.8%	-84.3%	-75.6%	+14.4%	-54.8%	-88.4%	-17.1%	+2.5%	+5.2%	+80.9%	+178.4%	-28.8%	+4.6%	+8.9%	-3.7%	+27.7%	+52.1%
Finance cost	+23.3%	+1.8%	-35.0%	-31.7%	-18.8%	-39.4%	-41.4%	-60.2%	-60.4%	-53.4%	-21.1%	+18.9%	+110.3%	+151.8%	+204.9%	+170.7%	—	-98.8%	+15.7%	-20.8%
Profit before tax	—	-105.8%	-67.6%	-115.7%	—	-87.7%	+207.0%	-54.1%	-102.0%	+3.2%	+109.8%	-9.8%	+77.0%	+193.5%	-89.1%	-36.2%	-5.8%	-19.5%	+31.3%	+96.4%
Taxation	—	-641.1%	-80.0%	—	—	-93.6%	+412.9%	-139.7%	-109.3%	-60.6%	+1,717.3%	+0.5%	+103.0%	+234.0%	-99.1%	-24.7%	+94.5%	-20.4%	+34.1%	+92.2%
Profit after tax	—	-67.6%	-60.9%	-87.7%	-250.0%	-86.9%	+151.9%	-5.1%	-87.8%	+35.2%	+69.6%	-14.8%	+41.5%	+176.6%	-84.9%	-40.5%	-44.8%	-19.2%	+30.1%	+98.0%
Profit attributable to shareholders	—	-67.6%	-60.9%	-87.7%	-250.0%	-86.9%	+151.9%	-5.1%	-87.8%	+35.2%	+69.6%	-14.8%	+41.5%	+176.6%	-84.9%	-40.5%	-44.8%	-19.2%	+30.1%	+98.0%
Per share & other
EPS – basic (Rs)	—	-67.7%	-60.7%	-87.7%	-250.0%	-86.9%	+151.0%	-5.1%	-87.8%	+35.2%	+70.0%	-14.8%	+41.4%	+176.5%	-84.9%	-40.5%	-44.7%	-19.2%	+30.0%	+98.0%
EPS – diluted (Rs)	—	-67.7%	-60.7%	-87.7%	-250.0%	-86.9%	+151.0%	-5.1%	-87.8%	+35.2%	+70.0%	-14.8%	+41.4%	+176.5%	-84.9%	-40.5%	-44.7%	-19.2%	+30.0%	+98.0%
Dividend per share (Rs)	+50.0%	—	0.0%	—	-42.9%	—	0.0%	—	+75.0%	—	+5.0%	—	+54.0%	—	+10.0%	—	-62.5%	—	0.0%	—
EBITDA	+839.2%	-22.7%	-38.0%	-37.4%	-43.3%	-68.8%	+12.1%	-46.8%	-80.7%	-16.4%	-0.6%	+2.8%	+67.7%	+145.0%	-22.0%	+6.8%	+10.3%	-1.3%	+22.4%	+41.0%
Depreciation & amortisation	-1.3%	+1.3%	-13.2%	+9.4%	+6.0%	-1.4%	+2.0%	+0.6%	-7.3%	-9.0%	-11.8%	-9.4%	-1.2%	+6.5%	+18.8%	+19.5%	+18.8%	+10.1%	-2.4%	-1.2%
Weighted average shares	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

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

CPPL 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	(75.3%)	(92.3%)	(90.9%)	(93.0%)	(95.9%)	(90.6%)	(93.1%)	(89.2%)	(92.9%)	(93.5%)	(87.7%)	(84.8%)	(75.0%)	(73.9%)	(89.0%)	(84.2%)	(81.4%)	(86.1%)	(82.0%)	(81.7%)
Gross profit	24.7%	7.7%	9.1%	7.0%	4.1%	9.4%	6.9%	10.8%	7.1%	6.5%	12.3%	15.2%	25.0%	26.1%	11.0%	15.8%	18.6%	13.9%	18.0%	18.3%
Selling, general & administrative expenses	(4.0%)	(4.1%)	(3.7%)	(3.9%)	(4.0%)	(3.6%)	(3.9%)	(3.7%)	(3.3%)	(3.3%)	(3.0%)	(3.1%)	(2.1%)	(2.4%)	(3.0%)	(2.8%)	(3.7%)	(2.6%)	(2.9%)	(2.5%)
Operating profit	24.4%	4.0%	5.9%	3.1%	0.5%	6.6%	12.7%	7.3%	3.6%	27.2%	10.1%	13.5%	22.9%	23.5%	8.8%	12.9%	15.1%	11.1%	14.4%	15.2%
Finance cost	(2.7%)	(2.7%)	(2.3%)	(2.4%)	(2.7%)	(3.0%)	(4.4%)	(3.7%)	(3.5%)	(5.0%)	(6.8%)	(7.8%)	(6.6%)	(7.7%)	(7.8%)	(6.6%)	(3.7%)	(4.0%)	(3.0%)	(3.0%)
Profit before tax	25.2%	(0.1%)	2.3%	(0.5%)	(5.3%)	2.8%	8.5%	3.1%	(0.4%)	22.7%	2.5%	5.7%	16.0%	15.8%	1.1%	6.3%	10.8%	7.1%	11.5%	12.2%
Taxation	(11.9%)	0.9%	(0.5%)	0.9%	4.0%	(0.2%)	(3.0%)	1.0%	1.3%	(2.9%)	(0.5%)	(2.1%)	(10.6%)	(5.3%)	(0.0%)	(2.1%)	(6.2%)	(2.1%)	(3.4%)	(3.4%)
Profit after tax	13.3%	0.7%	1.8%	0.5%	(1.3%)	2.6%	5.5%	4.1%	0.9%	19.8%	2.0%	3.6%	5.4%	10.5%	1.1%	4.3%	4.6%	5.0%	8.1%	8.8%
Profit attributable to shareholders	13.3%	0.7%	1.8%	0.5%	(1.3%)	2.6%	5.5%	4.1%	0.9%	19.8%	2.0%	3.6%	5.4%	10.5%	1.1%	4.3%	4.6%	5.0%	8.1%	8.8%
Per share & other
EBITDA	26.8%	6.4%	7.8%	6.0%	3.6%	9.2%	15.4%	9.9%	6.5%	29.9%	12.4%	15.8%	25.3%	25.7%	11.3%	15.4%	18.0%	13.8%	16.8%	17.7%
Depreciation & amortisation	2.4%	2.4%	1.9%	2.8%	3.1%	2.7%	2.7%	2.7%	3.0%	2.8%	2.4%	2.3%	2.4%	2.2%	2.4%	2.5%	2.9%	2.7%	2.4%	2.6%

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 95

CPPL 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	4,023.5	3,691.0	4,010.4	3,368.5	3,188.0	3,309.7	3,293.0	3,223.0	3,092.7	3,271.4	3,632.5	3,823.5	4,146.7	4,564.2	4,040.5	3,802.8	3,481.4	3,458.4	3,466.6	3,096.1
Sales of Goods & Services - Net - Unclassified	4,023.5	3,691.0	4,010.4	3,368.5	3,188.0	3,309.7	3,293.0	3,223.0	3,092.7	3,271.4	3,632.5	3,823.5	4,146.7	4,564.2	4,040.5	3,802.8	3,481.4	3,458.4	3,466.6	3,096.1
Revenue from Business Activities - Total	4,023.5	3,691.0	4,010.4	3,368.5	3,188.0	3,309.7	3,293.0	3,223.0	3,092.7	3,271.4	3,632.5	3,823.5	4,146.7	4,564.2	4,040.5	3,802.8	3,481.4	3,458.4	3,466.6	3,096.1
Cost of Operating Revenue	3,028.6	3,407.5	3,645.0	3,133.5	3,056.9	2,997.1	3,064.3	2,874.4	2,873.2	3,059.5	3,184.5	3,241.5	3,108.9	3,372.8	3,594.8	3,200.7	2,834.6	2,979.0	2,843.5	2,530.7
Cost of Revenues - Total	3,028.6	3,407.5	3,645.0	3,133.5	3,056.9	2,997.1	3,064.3	2,874.4	2,873.2	3,059.5	3,184.5	3,241.5	3,108.9	3,372.8	3,594.8	3,200.7	2,834.6	2,979.0	2,843.5	2,530.7
Selling, General & Administrative Expenses - Total	162.9	151.7	149.1	132.0	127.3	118.1	127.4	120.0	102.8	108.8	110.3	119.7	88.2	110.5	121.8	105.1	129.2	89.4	101.8	77.5
Other Operating Expense/(Income) - Net	(150.6)	(14.6)	(21.1)	(2.7)	(13.5)	(22.5)	(317.1)	(5.2)	6.3	(785.7)	(27.9)	(54.4)	(0.9)	9.1	(32.8)	5.9	(7.8)	5.0	20.5	18.5
Other Operating Income - Total	204.4	16.6	39.3	8.8	13.5	26.7	332.5	14.7	109.2	788.8	33.3	63.6	19.6	31.0	35.4	10.0	10.1	10.8	9.0	9.8
Gross Profit - Industrials/Property - Total	995.0	283.5	365.4	234.9	131.1	312.5	228.7	348.6	219.5	211.9	448.0	582.0	1,037.7	1,191.5	445.8	602.1	646.8	479.4	623.1	565.4
Operating Expenses - Total	3,040.8	3,544.6	3,772.9	3,262.8	3,170.7	3,092.7	2,874.7	2,989.2	2,982.2	2,382.6	3,266.9	3,306.9	3,196.3	3,492.3	3,683.7	3,311.7	2,956.1	3,073.3	2,965.8	2,626.6
Operating Profit before Non-Recurring Income/(Expense)	982.7	146.4	237.4	105.6	17.4	216.9	418.3	233.8	110.5	888.8	365.6	516.7	950.4	1,071.9	356.8	491.1	525.3	385.0	500.8	469.5
Financing Income/(Expense) - Net - Total	(108.0)	(101.0)	(94.2)	(80.8)	(89.4)	(104.1)	(150.6)	(118.5)	(124.0)	(163.8)	(252.2)	(297.8)	(286.9)	(351.2)	(313.3)	(250.5)	(150.6)	(139.5)	(102.8)	(92.5)
Interest Expense - Net of (Interest Income)	108.0	101.0	94.2	80.8	87.6	93.5	144.8	118.5	107.9	163.8	247.1	297.8	272.3	351.2	313.3	250.5	129.5	139.5	102.8	92.5
Other Operating Expense	53.8	2.0	18.2	6.2	—	4.2	15.4	9.5	115.4	3.1	5.4	9.2	18.7	40.0	2.6	15.9	2.4	15.8	29.5	28.2
Interest Expense - Net of Capitalized Interest	108.0	101.0	94.2	80.8	87.6	99.2	144.8	118.5	107.9	163.8	247.1	297.8	272.3	351.2	313.3	250.5	129.5	139.5	102.8	92.5
Non-Interest Financial Income/(Expense) - Total	—	—	—	—	(1.8)	(10.7)	(5.8)	(0.0)	(16.1)	—	(5.2)	0.0	(14.6)	—	(0.0)	—	(21.1)	—	(0.0)	(0.0)
Non-Interest Financial Income/(Expense) - Other - Net	—	—	—	—	(1.8)	(10.7)	(5.8)	(0.0)	(16.1)	—	(5.2)	0.0	(14.6)	—	(0.0)	—	(21.1)	—	(0.0)	(0.0)
Other Non-Operating Income/(Expense) - Total	139.3	(50.7)	(52.6)	(40.4)	(97.8)	(21.5)	12.5	(15.7)	—	18.5	(22.1)	(1.9)	—	—	—	—	—	—	—	—
Normalized Pre-tax Profit	1,014.0	(5.3)	90.7	(15.7)	(169.8)	91.3	280.2	99.7	(13.5)	743.6	91.3	217.0	663.5	720.7	43.5	240.6	374.8	245.6	398.1	377.0
Interest Income - Non-Bank	—	—	—	—	—	5.8	0.0	—	—	—	—	—	—	0.0	—	0.0	—	0.0	—	—
Provision for Income Tax Expense- Unclassified	477.7	(33.0)	—	—	—	—	—	—	—	—	19.3	—	—	—	—	—	—	—	—	—
Income before Taxes	1,014.0	(5.3)	90.7	(15.7)	(169.8)	91.3	280.2	99.7	(13.5)	743.6	91.3	217.0	663.5	720.7	43.5	240.6	374.8	245.6	398.1	377.0
Income Taxes	477.7	(33.0)	19.8	(31.8)	(128.6)	6.1	98.9	(31.4)	(40.9)	95.1	19.3	79.0	439.2	241.2	1.1	78.6	216.3	72.2	116.9	104.5
Income Taxes for the Year - Current	—	—	1.1	2.0	(77.7)	130.1	(5.0)	28.3	(85.6)	166.6	—	69.3	169.1	193.3	27.6	78.2	137.9	11.4	112.4	73.9
Income Taxes - Other (KFAS/NLST) - Current	—	—	—	—	—	—	—	—	(85.6)	—	—	—	—	—	—	—	—	—	—	—
Income Taxes - Deferred	—	—	50.1	(33.8)	(50.9)	(124.0)	99.1	(4.8)	44.7	(71.5)	—	9.7	270.1	47.9	(1.9)	0.4	78.4	62.9	1.8	30.6
Income Taxes - Other (by Type)	—	—	(31.5)	0.0	0.0	0.0	4.9	(54.9)	0.0	0.0	—	0.0	0.0	0.0	(24.6)	—	0.0	(2.1)	2.7	—
Net Income after Tax	536.2	27.6	71.0	16.2	(41.1)	85.2	181.3	131.0	27.4	648.5	72.0	138.0	224.3	479.5	42.5	162.0	158.5	173.4	281.2	272.5
Income before Discontinued Operations & Extraordinary Items	536.2	27.6	71.0	16.2	(41.1)	85.2	181.3	131.0	27.4	648.5	72.0	138.0	224.3	479.5	42.5	162.0	158.5	173.4	281.2	272.5
Net Income before Minority Interest	536.2	27.6	71.0	16.2	(41.1)	85.2	181.3	131.0	27.4	648.5	72.0	138.0	224.3	479.5	42.5	162.0	158.5	173.4	281.2	272.5
Net Income after Minority Interest	536.2	27.6	71.0	16.2	(41.1)	85.2	181.3	131.0	27.4	648.5	72.0	138.0	224.3	479.5	42.5	162.0	158.5	173.4	281.2	272.5
Income Available to Common Shares	536.2	27.6	71.0	16.2	(41.1)	85.2	181.3	131.0	27.4	648.5	72.0	138.0	224.3	479.5	42.5	162.0	158.5	173.4	281.2	272.5
Other Comprehensive Income - Starting Line	—	—	—	—	—	—	—	—	885.9	—	—	—	224.3	479.5	42.5	—	158.5	173.4	281.2	272.5
Other Comprehensive Income - Unrealized Investment Gain/(Loss)	—	—	—	—	—	—	—	—	—	—	—	—	41.0	56.9	(234.8)	—	(254.9)	(39.6)	45.5	(200.4)
Other Comprehensive Income - Pension Related	—	—	—	—	—	—	—	—	—	—	—	—	2.1	—	—	—	(7.9)	—	—	—
Other Comprehensive Income - Net of Tax - Total	—	—	—	—	—	—	—	—	0.0	—	—	—	43.1	56.9	(234.8)	—	(262.8)	(39.6)	45.5	(200.4)
Comprehensive Income before Minority Interest - Total	—	—	—	—	—	—	—	—	885.9	—	—	—	267.4	536.4	(192.4)	—	(104.3)	133.8	326.7	72.1
Comprehensive Income - Attributable to Parent Company Equity Holders - Total	—	—	—	—	—	—	—	—	885.9	—	—	—	267.4	536.4	(192.4)	—	(104.3)	133.8	326.7	72.1
DPS - Common - Gross - Issue - By Period End Date Rs	3.00	0.00	1.00	0.00	2.00	0.00	1.00	0.00	3.50	0.00	1.00	0.00	2.00	0.00	0.95	0.00	1.30	0.00	0.87	0.00
Net Income - Basic - including Extraordinary Items Applicable to Common - Total	536.2	27.6	71.0	16.2	(41.1)	85.2	181.3	131.0	27.4	648.5	72.0	138.0	224.3	479.5	42.5	162.0	158.5	173.4	281.2	272.5
Income available to Common excluding Extraordinary Items	536.2	27.6	71.0	16.2	(41.1)	85.2	181.3	131.0	27.4	648.5	72.0	138.0	224.3	479.5	42.5	162.0	158.5	173.4	281.2	272.5
Shares used to calculate Basic EPS - Total mn	49.2	49.4	48.9	49.1	49.1	49.1	49.1	49.1	49.1	49.1	49.0	49.1	49.1	49.1	49.1	49.1	49.1	49.1	49.1	49.1
EPS - Basic - including Extraordinary Items Applicable to Common - Total Rs	10.89	0.56	1.45	0.33	(0.84)	1.74	3.69	2.67	0.56	13.21	1.47	2.81	4.57	9.77	0.86	3.30	3.23	3.53	5.72	5.55
EPS - Basic - excluding Extraordinary Items Applicable to Common - Total Rs	10.89	0.56	1.45	0.33	(0.84)	1.74	3.69	2.67	0.56	13.21	1.47	2.81	4.57	9.77	0.86	3.30	3.23	3.53	5.72	5.55
EPS - Basic - excluding Extraordinary Items - Normalized - Total Rs	10.89	0.56	1.45	0.33	(0.84)	1.74	3.69	2.67	0.56	13.21	1.47	2.81	4.57	9.77	0.86	3.30	3.23	3.53	5.72	5.55
Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific	536.2	27.6	71.0	16.2	(41.1)	85.2	181.3	131.0	27.4	648.5	72.0	138.0	224.3	479.5	42.5	162.0	158.5	173.4	281.2	272.5
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	49.2	49.4	48.9	49.1	49.1	49.1	49.1	49.1	49.1	49.1	49.0	49.1	49.1	49.1	49.1	49.1	49.1	49.1	49.1	49.1
EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific Rs	10.89	0.56	1.45	0.33	(0.84)	1.74	3.69	2.67	0.56	13.21	1.47	2.81	4.57	9.77	0.86	3.30	3.23	3.53	5.72	5.55
EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific Rs	10.89	0.56	1.45	0.33	(0.84)	1.74	3.69	2.67	0.56	13.21	1.47	2.81	4.57	9.77	0.86	3.30	3.23	3.53	5.72	5.55
EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific Rs	10.89	0.56	1.45	0.33	(0.84)	1.74	3.69	2.67	0.56	13.21	1.47	2.81	4.57	9.77	0.86	3.30	3.23	3.53	5.72	5.55
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
Comprehensive Earnings Per Share - Basic - Issue Specific Rs	—	—	—	—	—	—	—	—	18.04	—	—	—	5.45	10.93	(3.92)	—	(2.13)	2.73	6.65	1.47
Net Income - Diluted - including Extraordinary Items Applicable to Common - Total	536.2	27.6	71.0	16.2	(41.1)	85.2	181.3	131.0	27.4	648.5	72.0	138.0	224.3	479.5	42.5	162.0	158.5	173.4	281.2	272.5
Diluted Income available to Common excluding Extraordinary Items	536.2	27.6	71.0	16.2	(41.1)	85.2	181.3	131.0	27.4	648.5	72.0	138.0	224.3	479.5	42.5	162.0	158.5	173.4	281.2	272.5
Shares used to calculate Diluted EPS - Total mn	49.2	49.4	48.9	49.1	49.1	49.1	49.1	49.1	49.1	49.1	49.0	49.1	49.1	49.1	49.1	49.1	49.1	49.1	49.1	49.1
EPS - Diluted - including Extraordinary Items Applicable to Common - Total Rs	10.89	0.56	1.45	0.33	(0.84)	1.74	3.69	2.67	0.56	13.21	1.47	2.81	4.57	9.77	0.86	3.30	3.23	3.53	5.72	5.55
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total Rs	10.89	0.56	1.45	0.33	(0.84)	1.74	3.69	2.67	0.56	13.21	1.47	2.81	4.57	9.77	0.86	3.30	3.23	3.53	5.72	5.55
EPS - Diluted - excluding Extraordinary Items - Normalized - Total Rs	10.89	0.56	1.45	0.33	(0.84)	1.74	3.69	2.67	0.56	13.21	1.47	2.81	4.57	9.77	0.86	3.30	3.23	3.53	5.72	5.55
Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific	536.2	27.6	71.0	16.2	(41.1)	85.2	181.3	131.0	27.4	648.5	72.0	138.0	224.3	479.5	42.5	162.0	158.5	173.4	281.2	272.5
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	49.2	49.4	48.9	49.1	49.1	49.1	49.1	49.1	49.1	49.1	49.0	49.1	49.1	49.1	49.1	49.1	49.1	49.1	49.1	49.1
EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific Rs	10.89	0.56	1.45	0.33	(0.84)	1.74	3.69	2.67	0.56	13.21	1.47	2.81	4.57	9.77	0.86	3.30	3.23	3.53	5.72	5.55
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific Rs	10.89	0.56	1.45	0.33	(0.84)	1.74	3.69	2.67	0.56	13.21	1.47	2.81	4.57	9.77	0.86	3.30	3.23	3.53	5.72	5.55
EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific Rs	10.89	0.56	1.45	0.33	(0.84)	1.74	3.69	2.67	0.56	13.21	1.47	2.81	4.57	9.77	0.86	3.30	3.23	3.53	5.72	5.55
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
Comprehensive Earnings Per Share - Diluted - Issue Specific Rs	—	—	—	—	—	—	—	—	18.04	—	—	—	5.45	10.93	(3.92)	—	(2.13)	2.73	6.65	1.47
DPS - Common - Gross - Issue - By Announcement Date Rs	0.00	1.00	0.00	2.00	0.00	1.00	0.00	3.50	0.00	1.00	0.00	2.00	0.95	0.00	0.00	1.30	0.00	0.87	0.00	3.46
DPS - Common - Net - Issue - By Announcement Date Rs	0.00	0.90	0.00	1.80	0.00	0.90	0.00	3.15	0.00	0.90	0.00	1.80	0.86	0.00	0.00	1.17	0.00	0.78	0.00	3.12
Earnings before Interest & Taxes (EBIT)	982.7	146.4	237.4	105.6	17.4	216.9	418.3	233.8	110.5	888.8	365.6	516.7	950.4	1,071.9	356.8	491.1	525.3	385.0	500.8	469.5
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA)	1,078.9	236.3	314.2	200.7	114.9	305.7	506.7	320.6	202.5	978.9	452.2	603.0	1,049.7	1,170.9	454.9	586.4	625.8	478.0	583.4	549.2
Depreciation & Amortization - Supplemental	—	89.6	76.3	94.7	—	88.4	88.0	86.5	—	—	86.3	86.1	—	98.8	98.0	95.1	—	92.7	82.4	79.5
Depreciation Expense - Total - Supplemental	—	89.6	76.3	94.7	—	88.4	88.0	86.5	—	—	86.3	86.1	—	98.8	98.0	95.1	—	92.7	82.4	79.5
Depreciation, Depletion & Amortization - Total	96.2	89.9	76.7	95.0	97.5	88.8	88.4	86.8	92.0	90.0	86.6	86.3	99.3	98.9	98.1	95.3	100.5	93.0	82.6	79.7
Depreciation - Total	95.8	89.6	76.3	94.7	97.1	88.4	88.0	86.5	91.6	89.7	86.3	86.1	99.0	98.8	98.0	95.1	100.3	92.7	82.4	79.5
Amortization of Intangible Assets excluding Goodwill - Total	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.3	0.3	0.3	0.3	0.2	0.2	0.2	0.2	0.2	0.2	0.2
Normalized after Tax Profit	536.2	27.6	71.0	16.2	(41.1)	85.2	181.3	131.0	27.4	648.5	72.0	138.0	224.3	479.5	42.5	162.0	158.5	173.4	281.2	272.5
Normalized Net Income from Continuing Operations	536.2	27.6	71.0	16.2	(41.1)	85.2	181.3	131.0	27.4	648.5	72.0	138.0	224.3	479.5	42.5	162.0	158.5	173.4	281.2	272.5
Normalized Net Income - Bottom Line	536.2	27.6	71.0	16.2	(41.1)	85.2	181.3	131.0	27.4	648.5	72.0	138.0	224.3	479.5	42.5	162.0	158.5	173.4	281.2	272.5
Earnings before Interest & Taxes (EBIT) - Normalized	1,122.0	95.7	184.9	65.2	(82.2)	184.8	425.0	218.1	94.5	907.3	338.4	514.8	935.8	1,071.9	356.8	491.1	504.3	385.0	500.8	469.5
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized	1,218.2	185.6	261.6	160.2	15.3	273.6	513.4	305.0	186.4	997.4	424.9	601.1	1,035.1	1,170.9	454.9	586.4	604.8	478.0	583.4	549.2
Interest Expense	108.0	101.0	94.2	80.8	87.6	99.2	144.8	118.5	107.9	163.8	247.1	297.8	272.3	351.2	313.3	250.5	129.5	139.5	102.8	92.5
Operating Expenses	3,040.8	3,544.6	3,772.9	3,262.8	3,170.7	3,092.7	2,874.7	2,989.2	2,982.2	2,382.6	3,266.9	3,306.9	3,196.3	3,492.3	3,683.7	3,311.7	2,956.1	3,073.3	2,965.8	2,626.6
Selling, General & Administrative Expenses excluding Research & Development Expenses	162.9	151.7	149.1	132.0	127.3	118.1	127.4	120.0	102.8	108.8	110.3	119.7	88.2	110.5	121.8	105.1	129.2	89.4	101.8	77.5
Income before Taxes & Provision for Loan Losses	1,014.0	(5.3)	90.7	(15.7)	(169.8)	91.3	280.2	99.7	(13.5)	743.6	91.3	217.0	663.5	720.7	43.5	240.6	374.8	245.6	398.1	377.0
Cost of Revenue including Operation & Maintenance (Utility) - Total	3,028.6	3,407.5	3,645.0	3,133.5	3,056.9	2,997.1	3,064.3	2,874.4	2,873.2	3,059.5	3,184.5	3,241.5	3,108.9	3,372.8	3,594.8	3,200.7	2,834.6	2,979.0	2,843.5	2,530.7
Cost of Revenues excluding Depreciation	3,028.6	3,407.5	3,645.0	3,133.5	3,056.9	2,997.1	3,064.3	2,874.4	2,873.2	3,059.5	3,184.5	3,241.5	3,108.9	3,372.8	3,594.8	3,200.7	2,834.6	2,979.0	2,843.5	2,530.7
DPS - Common - Gross - Issue - By Payable Date Rs	0.00	1.00	2.00	0.00	0.00	1.00	3.50	0.00	0.00	1.00	2.00	0.00	0.95	0.00	1.30	0.00	0.00	0.87	3.46	0.00
DPS - Common - Gross - Issue - By Ex Date Rs	0.00	1.00	0.00	2.00	0.00	1.00	0.00	3.50	0.00	1.00	0.00	2.00	0.95	0.00	0.00	1.30	0.00	0.87	0.00	3.46
Tax Adjusted Operating Income	593.4	—	144.6	—	—	177.9	275.0	286.7	—	791.3	266.9	327.4	316.3	713.2	348.1	330.6	213.2	271.8	353.7	339.4
Operating Expenses excluding Non-Cash Charges - Total	2,944.6	3,454.6	3,696.2	3,167.8	3,073.2	3,004.0	2,786.3	2,902.4	2,890.2	2,292.5	3,180.3	3,220.5	3,097.0	3,393.4	3,585.6	3,216.4	2,855.6	2,980.4	2,883.2	2,546.9
Income Available to Common Shares before Depreciation & Amortization	632.4	117.6	147.7	111.2	56.4	174.0	269.7	217.9	119.4	738.5	158.6	224.4	323.6	578.4	140.6	257.3	259.0	266.3	363.7	352.2
Fixed Charges	108.0	101.0	94.2	80.8	87.6	99.2	144.8	118.5	107.9	163.8	247.1	297.8	272.3	351.2	313.3	250.5	129.5	139.5	102.8	92.5
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	1.00	0.00	2.00	0.00	1.00	0.00	3.50	0.00	1.00	0.00	2.00	0.95	0.00	0.00	1.30	0.00	0.87	0.00	3.46

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