GVGL Ghani Value Glass Limited

Ghani Value Glass Limited (GVGL) income statement

Ghani Value Glass Limited reported revenue of Rs 7.0 bn for FY2026 (Jul 2025 – Jun 2026), up 17.8% on FY2025. Gross profit came to Rs 2.7 bn, a gross margin of 38.3%. Operating profit was Rs 1.4 bn (an operating margin of 19.9%). Tax of Rs 663.8 mn took 40.2% of pre-tax profit. Profit attributable to shareholders was Rs 985.6 mn, down 9.1% on FY2025, or Rs 6.57 per share.

GVGL income statement (annual) (Rs mn)
Rs mn	FY2026 Jul 2025 – Jun 2026	FY2025 Jul 2024 – Jun 2025	FY2024 Jul 2023 – Jun 2024	FY2023 Jul 2022 – Jun 2023	FY2022 Jul 2021 – Jun 2022	FY2021 Jul 2020 – Jun 2021	FY2020 Jul 2019 – Jun 2020	FY2019 * Jul 2018 – Jun 2019	FY2018 * Jul 2017 – Jun 2018	FY2017 * Jul 2016 – Jun 2017	FY2016 Jul 2015 – Jun 2016	FY2015 Jul 2014 – Jun 2015	FY2014 Jul 2013 – Jun 2014	FY2013 Jul 2012 – Jun 2013	FY2012 Jul 2011 – Jun 2012	FY2011 Jul 2010 – Jun 2011
Revenue	6,971.9	5,918.9	4,973.5	3,826.8	3,411.4	2,557.9	1,639.6	1,468.3	1,189.3	826.8	841.2	670.2	630.9	570.0	521.4	346.4
Cost of revenue	(4,305.0)	(3,738.0)	(3,224.1)	(2,494.4)	(2,135.2)	(1,666.7)	(1,166.2)	(1,005.1)	(886.6)	(765.6)	(748.4)	(597.6)	(563.6)	(499.6)	(475.6)	(304.7)
Gross profit	2,666.9	2,180.8	1,749.4	1,332.5	1,276.2	891.2	473.4	463.2	302.7	61.2	92.8	72.6	67.4	70.4	45.9	41.7
Selling, general & administrative expenses	(1,154.7)	(792.8)	(599.5)	(463.5)	(371.8)	(301.0)	(250.4)	(132.5)	(105.9)	(62.1)	(82.1)	(55.1)	(49.5)	(41.5)	(28.4)	(24.9)
Operating profit	1,389.9	1,270.0	1,056.7	799.6	831.7	476.1	223.0	330.7	196.8	(0.9)	10.6	17.5	17.9	28.9	17.5	16.9
Profit before tax	1,649.3	1,448.3	1,235.7	896.0	877.2	526.6	229.4	341.1	197.9	12.7	19.7	28.2	29.5	36.8	34.0	23.1
Taxation	(663.8)	(363.7)	(337.7)	(380.7)	(121.3)	63.0	0.8	9.0	(28.0)	7.6	(1.1)	(7.2)	(5.4)	(11.1)	(8.4)	(5.4)
Profit after tax	985.6	1,084.6	898.0	515.3	755.9	589.5	230.2	350.1	169.9	20.3	18.5	21.0	24.0	25.7	25.6	17.7
Profit attributable to shareholders	985.6	1,084.6	898.0	515.3	755.9	589.5	230.2	350.1	169.9	20.3	18.5	21.0	24.0	25.7	25.6	17.7
Per share & other
EPS – basic (Rs) Rs	6.57	7.23	5.99	3.44	5.04	3.93	1.83	2.83	1.47	0.18	0.19	0.02	0.03	0.03	0.04	0.03
EPS – diluted (Rs) Rs	6.57	7.23	5.99	3.44	5.04	3.93	1.83	2.83	1.47	0.18	0.19	0.02	0.03	0.03	0.04	0.03
Dividend per share (Rs) Rs	2.00	3.00	0.00	1.03	1.72	2.58	1.90	2.12	0.91	0.00	0.00	0.27	0.00	0.10	0.00	0.12
EBITDA	1,618.4	1,478.5	1,254.0	886.8	909.6	525.5	259.9	363.4	229.1	27.7	37.4	29.4	29.6	39.0	27.9	26.3
Depreciation & amortisation	228.4	208.5	197.4	87.1	77.9	49.4	37.0	32.6	32.3	28.5	26.7	11.9	11.7	10.1	10.4	9.4
Weighted average shares mn	149.9	149.9	149.9	149.9	149.9	149.9	126.0	123.6	115.7	112.8	96.1	943.0	943.0	943.0	606.2	606.2

GVGL income statement — year-on-year change (Rs mn)
Rs mn	FY2026 Jul 2025 – Jun 2026	FY2025 Jul 2024 – Jun 2025	FY2024 Jul 2023 – Jun 2024	FY2023 Jul 2022 – Jun 2023	FY2022 Jul 2021 – Jun 2022	FY2021 Jul 2020 – Jun 2021	FY2020 Jul 2019 – Jun 2020	FY2019 * Jul 2018 – Jun 2019	FY2018 * Jul 2017 – Jun 2018	FY2017 * Jul 2016 – Jun 2017	FY2016 Jul 2015 – Jun 2016	FY2015 Jul 2014 – Jun 2015	FY2014 Jul 2013 – Jun 2014	FY2013 Jul 2012 – Jun 2013	FY2012 Jul 2011 – Jun 2012	FY2011 Jul 2010 – Jun 2011
Revenue	+17.8%	+19.0%	+30.0%	+12.2%	+33.4%	+56.0%	+11.7%	+23.5%	+43.8%	-1.7%	+25.5%	+6.2%	+10.7%	+9.3%	+50.5%	—
Cost of revenue	+15.2%	+15.9%	+29.3%	+16.8%	+28.1%	+42.9%	+16.0%	+13.4%	+15.8%	+2.3%	+25.2%	+6.0%	+12.8%	+5.0%	+56.1%	—
Gross profit	+22.3%	+24.7%	+31.3%	+4.4%	+43.2%	+88.3%	+2.2%	+53.0%	+394.5%	-34.0%	+27.8%	+7.8%	-4.4%	+53.6%	+9.9%	—
Selling, general & administrative expenses	+45.7%	+32.2%	+29.3%	+24.6%	+23.5%	+20.2%	+89.0%	+25.1%	+70.6%	-24.4%	+49.0%	+11.5%	+19.1%	+46.2%	+14.3%	—
Operating profit	+9.4%	+20.2%	+32.1%	-3.9%	+74.7%	+113.5%	-32.6%	+68.1%	—	-108.3%	-39.2%	-2.3%	-38.1%	+65.7%	+3.4%	—
Profit before tax	+13.9%	+17.2%	+37.9%	+2.1%	+66.6%	+129.6%	-32.8%	+72.4%	+1,455.1%	-35.4%	-30.3%	-4.2%	-19.9%	+8.2%	+47.2%	—
Taxation	+82.5%	+7.7%	-11.3%	+213.8%	—	—	—	-132.1%	—	-759.6%	-84.1%	+33.0%	-51.0%	+32.6%	+54.7%	—
Profit after tax	-9.1%	+20.8%	+74.3%	-31.8%	+28.2%	+156.1%	-34.3%	+106.1%	+736.7%	+9.5%	-11.7%	-12.6%	-6.4%	+0.3%	+44.9%	—
Profit attributable to shareholders	-9.1%	+20.8%	+74.3%	-31.8%	+28.2%	+156.1%	-34.3%	+106.1%	+736.7%	+9.5%	-11.7%	-12.6%	-6.4%	+0.3%	+44.9%	—
Per share & other
EPS – basic (Rs)	-9.1%	+20.8%	+74.3%	-31.8%	+28.2%	+115.2%	-35.5%	+92.8%	+716.2%	-6.8%	+766.2%	-12.6%	-6.4%	-35.5%	+44.9%	—
EPS – diluted (Rs)	-9.1%	+20.8%	+74.3%	-31.8%	+28.2%	+115.2%	-35.5%	+92.8%	+716.2%	-6.8%	+766.2%	-12.6%	-6.4%	-35.5%	+44.9%	—
Dividend per share (Rs)	-33.3%	—	-100.0%	-40.0%	-33.3%	+36.1%	-10.6%	+133.3%	—	—	-100.0%	—	-100.0%	—	-100.0%	—
EBITDA	+9.5%	+17.9%	+41.4%	-2.5%	+73.1%	+102.2%	-28.5%	+58.6%	+728.3%	-25.9%	+27.1%	-0.6%	-24.1%	+39.7%	+6.0%	—
Depreciation & amortisation	+9.6%	+5.6%	+126.6%	+11.9%	+57.7%	+33.6%	+13.3%	+0.9%	+13.3%	+6.8%	+124.3%	+2.2%	+16.0%	-3.8%	+10.7%	—
Weighted average shares	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Change against the previous fiscal year; shown when the earlier figure is positive.

GVGL income statement — common size (Rs mn)
Rs mn	FY2026 Jul 2025 – Jun 2026	FY2025 Jul 2024 – Jun 2025	FY2024 Jul 2023 – Jun 2024	FY2023 Jul 2022 – Jun 2023	FY2022 Jul 2021 – Jun 2022	FY2021 Jul 2020 – Jun 2021	FY2020 Jul 2019 – Jun 2020	FY2019 * Jul 2018 – Jun 2019	FY2018 * Jul 2017 – Jun 2018	FY2017 * Jul 2016 – Jun 2017	FY2016 Jul 2015 – Jun 2016	FY2015 Jul 2014 – Jun 2015	FY2014 Jul 2013 – Jun 2014	FY2013 Jul 2012 – Jun 2013	FY2012 Jul 2011 – Jun 2012	FY2011 Jul 2010 – Jun 2011
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%
Cost of revenue	(61.7%)	(63.2%)	(64.8%)	(65.2%)	(62.6%)	(65.2%)	(71.1%)	(68.5%)	(74.5%)	(92.6%)	(89.0%)	(89.2%)	(89.3%)	(87.6%)	(91.2%)	(88.0%)
Gross profit	38.3%	36.8%	35.2%	34.8%	37.4%	34.8%	28.9%	31.5%	25.5%	7.4%	11.0%	10.8%	10.7%	12.4%	8.8%	12.0%
Selling, general & administrative expenses	(16.6%)	(13.4%)	(12.1%)	(12.1%)	(10.9%)	(11.8%)	(15.3%)	(9.0%)	(8.9%)	(7.5%)	(9.8%)	(8.2%)	(7.8%)	(7.3%)	(5.4%)	(7.2%)
Operating profit	19.9%	21.5%	21.2%	20.9%	24.4%	18.6%	13.6%	22.5%	16.5%	(0.1%)	1.3%	2.6%	2.8%	5.1%	3.3%	4.9%
Profit before tax	23.7%	24.5%	24.8%	23.4%	25.7%	20.6%	14.0%	23.2%	16.6%	1.5%	2.3%	4.2%	4.7%	6.5%	6.5%	6.7%
Taxation	(9.5%)	(6.1%)	(6.8%)	(9.9%)	(3.6%)	2.5%	0.0%	0.6%	(2.4%)	0.9%	(0.1%)	(1.1%)	(0.9%)	(1.9%)	(1.6%)	(1.6%)
Profit after tax	14.1%	18.3%	18.1%	13.5%	22.2%	23.0%	14.0%	23.8%	14.3%	2.5%	2.2%	3.1%	3.8%	4.5%	4.9%	5.1%
Profit attributable to shareholders	14.1%	18.3%	18.1%	13.5%	22.2%	23.0%	14.0%	23.8%	14.3%	2.5%	2.2%	3.1%	3.8%	4.5%	4.9%	5.1%
Per share & other
EBITDA	23.2%	25.0%	25.2%	23.2%	26.7%	20.5%	15.9%	24.7%	19.3%	3.3%	4.4%	4.4%	4.7%	6.8%	5.4%	7.6%
Depreciation & amortisation	3.3%	3.5%	4.0%	2.3%	2.3%	1.9%	2.3%	2.2%	2.7%	3.5%	3.2%	1.8%	1.8%	1.8%	2.0%	2.7%

Each line as a percentage of revenue.

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. * Figures in this period do not fully reconcile in the source data (hover the * for details). Updated 16 Oct 2026.

All reported line items 89

GVGL income statement — all reported line items (Rs mn)
Rs mn	FY2026 Jul 2025 – Jun 2026	FY2025 Jul 2024 – Jun 2025	FY2024 Jul 2023 – Jun 2024	FY2023 Jul 2022 – Jun 2023	FY2022 Jul 2021 – Jun 2022	FY2021 Jul 2020 – Jun 2021	FY2020 Jul 2019 – Jun 2020	FY2019 Jul 2018 – Jun 2019	FY2018 Jul 2017 – Jun 2018	FY2017 Jul 2016 – Jun 2017	FY2016 Jul 2015 – Jun 2016	FY2015 Jul 2014 – Jun 2015	FY2014 Jul 2013 – Jun 2014	FY2013 Jul 2012 – Jun 2013	FY2012 Jul 2011 – Jun 2012	FY2011 Jul 2010 – Jun 2011
Revenue from Goods & Services	6,971.9	5,918.9	4,973.5	3,826.8	3,411.4	2,557.9	1,639.6	1,468.3	1,189.3	826.8	841.2	670.2	630.9	570.0	521.4	346.4
Sales of Goods & Services - Net - Unclassified	6,971.9	5,918.9	4,973.5	3,826.8	3,411.4	2,557.9	1,639.6	1,468.3	1,189.3	826.8	841.2	670.2	630.9	570.0	521.4	346.4
Revenue from Business Activities - Total	6,971.9	5,918.9	4,973.5	3,826.8	3,411.4	2,557.9	1,639.6	1,468.3	1,189.3	826.8	841.2	670.2	630.9	570.0	521.4	346.4
Cost of Operating Revenue	4,305.0	3,738.0	3,224.1	2,494.4	2,135.2	1,666.7	1,166.2	1,005.1	886.6	765.6	748.4	597.6	563.6	499.6	475.6	304.7
Cost of Revenues - Total	4,305.0	3,738.0	3,224.1	2,494.4	2,135.2	1,666.7	1,166.2	1,005.1	886.6	765.6	748.4	597.6	563.6	499.6	475.6	304.7
Cost of Revenues - Unclassified	4,116.8	3,568.9	3,044.9	2,425.7	—	1,623.1	1,134.1	977.1	857.8	739.4	724.1	587.7	553.4	490.0	465.5	295.5
Selling, General & Administrative Expenses - Total	1,154.7	792.8	599.5	463.5	371.8	301.0	250.4	132.5	105.9	62.1	82.1	55.1	49.5	41.5	28.4	24.9
Selling, General & Administrative Expenses - Unclassified	1,058.1	703.3	551.5	428.5	354.9	295.3	245.5	127.9	102.4	59.7	79.7	53.1	48.0	41.1	28.1	24.6
Depreciation in Cost of Revenues	188.2	169.1	179.2	68.7	—	43.7	32.1	28.0	28.8	26.2	24.3	9.9	10.2	9.6	10.1	9.2
Depreciation in Selling, General & Administrative Expenses	39.0	38.4	18.2	18.5	—	5.7	4.8	4.6	3.5	2.3	2.4	2.0	1.5	0.5	0.4	0.3
Other Operating Expense/(Income) - Net	122.2	118.1	93.3	69.3	72.7	114.1	—	—	—	—	—	—	—	—	—	—
Gross Profit - Industrials/Property - Total	2,666.9	2,180.8	1,749.4	1,332.5	1,276.2	891.2	473.4	463.2	302.7	61.2	92.8	72.6	67.4	70.4	45.9	41.7
Operating Expenses - Total	5,582.0	4,648.9	3,916.8	3,027.2	2,579.7	2,081.9	1,416.6	1,137.6	992.5	827.7	830.6	652.7	613.0	541.1	504.0	329.5
Selling, General & Administrative Expenses - Other - Total	57.7	51.0	29.8	16.5	16.9	—	—	—	—	—	—	—	—	—	—	—
Operating Profit before Non-Recurring Income/(Expense)	1,389.9	1,270.0	1,056.7	799.6	831.7	476.1	223.0	330.7	196.8	(0.9)	10.6	17.5	17.9	28.9	17.5	16.9
Financing Income/(Expense) - Net - Total	—	—	—	—	—	—	—	—	—	(0.2)	(1.3)	(0.2)	(0.3)	(0.3)	(0.3)	(0.4)
Other Operating Expense	122.2	118.1	93.3	69.3	72.7	114.1	—	—	—	—	—	—	—	—	—	—
Provision for Doubtful Accounts & Write-off	57.7	51.0	29.8	16.5	16.9	—	—	—	—	—	—	—	—	—	—	—
Non-Interest Financial Income/(Expense) - Total	—	—	—	—	—	—	—	—	—	(0.2)	(1.3)	(0.2)	(0.3)	(0.3)	(0.3)	(0.4)
Non-Interest Financial Income/(Expense) - Other - Net	—	—	—	—	—	—	—	—	—	(0.2)	(1.3)	(0.2)	(0.3)	(0.3)	(0.3)	(0.4)
Sale of Tangible & Intangible Fixed Assets - Gain/Loss	—	—	—	—	—	—	0.0	5.6	—	—	—	—	—	—	—	—
Other Non-Operating Income/(Expense) - Total	259.4	178.3	192.3	96.3	45.5	50.5	6.4	4.8	1.1	13.8	10.3	11.0	11.9	8.1	16.7	6.6
Non-Operating Rental Income	—	—	—	—	—	12.0	6.4	—	—	—	—	—	—	—	—	—
Normalized Pre-tax Profit	1,649.3	1,448.3	1,249.0	896.0	877.2	526.6	229.4	341.1	197.9	12.7	19.7	28.2	29.5	36.8	33.8	23.1
Non-Recurring Income/Expense - Total	—	0.0	(13.3)	—	—	—	—	—	—	—	—	—	—	—	0.2	—
Impairment - Tangible & Intangible Fixed Assets	—	0.0	13.3	—	—	—	—	—	—	—	—	—	—	—	(0.2)	—
Impairment - Fixed Assets	—	0.0	13.3	—	—	—	—	—	—	—	—	—	—	—	(0.2)	—
Provision for Income Tax Expense- Unclassified	663.8	363.7	337.7	380.7	121.3	(63.0)	(0.8)	(9.0)	28.0	(7.6)	1.1	7.2	5.4	11.1	8.4	5.4
Income before Taxes	1,649.3	1,448.3	1,235.7	896.0	877.2	526.6	229.4	341.1	197.9	12.7	19.7	28.2	29.5	36.8	34.0	23.1
Income Taxes	663.8	363.7	337.7	380.7	121.3	(63.0)	(0.8)	(9.0)	28.0	(7.6)	1.1	7.2	5.4	11.1	8.4	5.4
Net Income after Tax	985.6	1,084.6	898.0	515.3	755.9	589.5	230.2	350.1	169.9	20.3	18.5	21.0	24.0	25.7	25.6	17.7
Income before Discontinued Operations & Extraordinary Items	985.6	1,084.6	898.0	515.3	755.9	589.5	230.2	350.1	169.9	20.3	18.5	21.0	24.0	25.7	25.6	17.7
Net Income before Minority Interest	985.6	1,084.6	898.0	515.3	755.9	589.5	230.2	350.1	169.9	20.3	18.5	21.0	24.0	25.7	25.6	17.7
Net Income after Minority Interest	985.6	1,084.6	898.0	515.3	755.9	589.5	230.2	350.1	169.9	20.3	18.5	21.0	24.0	25.7	25.6	17.7
Income Available to Common Shares	985.6	1,084.6	898.0	515.3	755.9	589.5	230.2	350.1	169.9	20.3	18.5	21.0	24.0	25.7	25.6	17.7
DPS - Common - Gross - Issue - By Period End Date Rs	2.00	3.00	0.00	1.03	1.72	2.58	1.90	2.12	0.91	0.00	0.00	0.27	0.00	0.10	0.00	0.12
Net Income - Basic - including Extraordinary Items Applicable to Common - Total	985.6	1,084.6	898.0	515.3	755.9	589.5	230.2	350.1	169.9	20.3	18.5	21.0	24.0	25.7	25.6	17.7
Income available to Common excluding Extraordinary Items	985.6	1,084.6	898.0	515.3	755.9	589.5	230.2	350.1	169.9	20.3	18.5	21.0	24.0	25.7	25.6	17.7
Shares used to calculate Basic EPS - Total mn	149.9	149.9	149.9	149.9	149.9	149.9	126.0	123.6	115.7	112.8	96.1	943.0	943.0	943.0	606.2	606.2
EPS - Basic - including Extraordinary Items Applicable to Common - Total Rs	6.57	7.23	5.99	3.44	5.04	3.93	1.83	2.83	1.47	0.18	0.19	0.02	0.03	0.03	0.04	0.03
EPS - Basic - excluding Extraordinary Items Applicable to Common - Total Rs	6.57	7.23	5.99	3.44	5.04	3.93	1.83	2.83	1.47	0.18	0.19	0.02	0.03	0.03	0.04	0.03
EPS - Basic - excluding Extraordinary Items - Normalized - Total Rs	6.57	7.23	6.08	3.44	5.04	3.93	1.83	2.83	1.47	0.18	0.19	0.02	0.03	0.03	0.04	0.03
Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific	985.6	1,084.6	898.0	515.3	755.9	589.5	230.2	350.1	169.9	20.3	18.5	21.0	24.0	25.7	25.6	17.7
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×
Shares used to calculate Basic EPS - Issue Specific mn	149.9	149.9	149.9	149.9	149.9	149.9	126.0	123.6	115.7	112.8	96.1	943.0	943.0	943.0	606.2	606.2
EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific Rs	6.57	7.23	5.99	3.44	5.04	3.93	1.83	2.83	1.47	0.18	0.19	0.02	0.03	0.03	0.04	0.03
EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific Rs	6.57	7.23	5.99	3.44	5.04	3.93	1.83	2.83	1.47	0.18	0.19	0.02	0.03	0.03	0.04	0.03
EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific Rs	6.57	7.23	6.08	3.44	5.04	3.93	1.83	2.83	1.47	0.18	0.19	0.02	0.03	0.03	0.04	0.03
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
Dilution Adjustment	—	—	—	—	—	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0
Net Income - Diluted - including Extraordinary Items Applicable to Common - Total	985.6	1,084.6	898.0	515.3	755.9	589.5	230.2	350.1	169.9	20.3	18.5	21.0	24.0	25.7	25.6	17.7
Diluted Income available to Common excluding Extraordinary Items	985.6	1,084.6	898.0	515.3	755.9	589.5	230.2	350.1	169.9	20.3	18.5	21.0	24.0	25.7	25.6	17.7
Shares used to calculate Diluted EPS - Total mn	149.9	149.9	149.9	149.9	149.9	149.9	126.0	123.6	115.7	112.8	96.1	943.0	943.0	943.0	606.2	606.2
EPS - Diluted - including Extraordinary Items Applicable to Common - Total Rs	6.57	7.23	5.99	3.44	5.04	3.93	1.83	2.83	1.47	0.18	0.19	0.02	0.03	0.03	0.04	0.03
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total Rs	6.57	7.23	5.99	3.44	5.04	3.93	1.83	2.83	1.47	0.18	0.19	0.02	0.03	0.03	0.04	0.03
EPS - Diluted - excluding Extraordinary Items - Normalized - Total Rs	6.57	7.23	6.08	3.44	5.04	3.93	1.83	2.83	1.47	0.18	0.19	0.02	0.03	0.03	0.04	0.03
Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific	985.6	1,084.6	898.0	515.3	755.9	589.5	230.2	350.1	169.9	20.3	18.5	21.0	24.0	25.7	25.6	17.7
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×
Shares used to calculate Diluted EPS - Issue Specific mn	149.9	149.9	149.9	149.9	149.9	149.9	126.0	123.6	115.7	112.8	96.1	943.0	943.0	943.0	606.2	606.2
EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific Rs	6.57	7.23	5.99	3.44	5.04	3.93	1.83	2.83	1.47	0.18	0.19	0.02	0.03	0.03	0.04	0.03
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific Rs	6.57	7.23	5.99	3.44	5.04	3.93	1.83	2.83	1.47	0.18	0.19	0.02	0.03	0.03	0.04	0.03
EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific Rs	6.57	7.23	6.08	3.44	5.04	3.93	1.83	2.83	1.47	0.18	0.19	0.02	0.03	0.03	0.04	0.03
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
DPS - Common - Gross - Issue - By Announcement Date Rs	1.00	3.00	0.00	1.03	4.30	0.00	2.50	1.51	0.91	0.00	0.27	0.00	0.10	0.00	0.12	0.31
DPS - Common - Net - Issue - By Announcement Date Rs	0.90	2.70	0.00	0.93	3.87	0.00	2.25	1.36	0.82	0.00	0.24	0.00	0.09	0.00	0.11	0.28
Earnings before Interest & Taxes (EBIT)	1,389.9	1,270.0	1,056.7	799.6	831.7	476.1	223.0	330.7	196.8	(0.9)	10.6	17.5	17.9	28.9	17.5	16.9
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA)	1,618.4	1,478.5	1,254.0	886.8	909.6	525.5	259.9	363.4	229.1	27.7	37.4	29.4	29.6	39.0	27.9	26.3
Depreciation & Amortization - Supplemental	227.2	207.6	197.4	87.1	77.9	49.4	37.0	32.6	32.3	28.5	26.7	11.9	11.7	10.1	10.4	9.4
Depreciation Expense - Total - Supplemental	227.2	207.6	197.4	87.1	77.9	49.4	37.0	32.6	32.3	28.5	26.7	11.9	11.7	10.1	10.4	9.4
Depreciation, Depletion & Amortization - Total	228.4	208.5	197.4	87.1	77.9	49.4	37.0	32.6	32.3	28.5	26.7	11.9	11.7	10.1	10.4	9.4
Depreciation - Total	227.2	207.6	197.4	87.1	77.9	49.4	37.0	32.6	32.3	28.5	26.7	11.9	11.7	10.1	10.4	9.4
Amortization of Intangible Assets excluding Goodwill - Total	1.3	0.9	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Normalized after Tax Profit	985.6	1,084.6	911.3	515.3	755.9	589.5	230.2	350.1	169.9	20.3	18.5	21.0	24.0	25.7	25.4	17.7
Normalized Net Income from Continuing Operations	985.6	1,084.6	911.3	515.3	755.9	589.5	230.2	350.1	169.9	20.3	18.5	21.0	24.0	25.7	25.4	17.7
Normalized Net Income - Bottom Line	985.6	1,084.6	911.3	515.3	755.9	589.5	230.2	350.1	169.9	20.3	18.5	21.0	24.0	25.7	25.4	17.7
Earnings before Interest & Taxes (EBIT) - Normalized	1,649.3	1,448.3	1,249.0	896.0	877.2	526.6	229.4	341.1	197.9	12.7	19.7	28.2	29.5	36.8	33.8	23.1
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized	1,877.8	1,656.8	1,446.4	983.1	955.0	576.0	266.3	373.8	230.2	41.3	46.4	40.2	41.1	46.8	44.2	32.5
Operating Expenses	5,582.0	4,648.9	3,916.8	3,027.2	2,579.7	2,081.9	1,416.6	1,137.6	992.5	827.7	830.6	652.7	613.0	541.1	504.0	329.5
Selling, General & Administrative Expenses excluding Research & Development Expenses	1,154.7	792.8	599.5	463.5	371.8	301.0	250.4	132.5	105.9	62.1	82.1	55.1	49.5	41.5	28.4	24.9
Income before Taxes & Provision for Loan Losses	1,649.3	1,448.3	1,235.7	896.0	877.2	526.6	229.4	341.1	197.9	12.7	19.7	28.2	29.5	36.8	34.0	23.1
Cost of Revenue including Operation & Maintenance (Utility) - Total	4,305.0	3,738.0	3,224.1	2,494.4	2,135.2	1,666.7	1,166.2	1,005.1	886.6	765.6	748.4	597.6	563.6	499.6	475.6	304.7
Cost of Revenues excluding Depreciation	4,116.8	3,568.9	3,044.9	2,425.7	2,135.2	1,623.1	1,134.1	977.1	857.8	739.4	724.1	587.7	553.4	490.0	465.5	295.5
DPS - Common - Gross - Issue - By Payable Date Rs	1.00	3.00	0.00	1.03	4.30	0.00	2.50	2.12	0.30	0.00	0.27	0.00	0.10	0.00	0.12	0.31
DPS - Common - Gross - Issue - By Ex Date Rs	1.00	3.00	0.00	1.03	4.30	0.00	2.50	1.51	0.91	0.00	0.27	0.00	0.10	0.00	0.12	0.31
Tax Adjusted Operating Income	985.6	1,084.6	898.0	515.3	755.9	589.5	230.2	350.1	169.9	20.3	18.5	21.0	24.0	25.7	25.6	17.7
Operating Expenses excluding Non-Cash Charges - Total	5,353.5	4,440.4	3,719.5	2,940.1	2,501.8	2,032.5	1,379.7	1,105.0	960.2	799.1	803.9	640.8	601.4	531.0	493.5	320.1
Income Available to Common Shares before Depreciation & Amortization	1,214.0	1,293.1	1,095.4	602.4	833.8	638.9	267.1	382.8	202.2	48.8	45.3	32.9	35.7	35.7	36.1	27.1
Estimated Tax Rate	0.29×	0.29×	0.29×	0.29×	0.29×	0.29×	0.35×	0.30×	0.30×	0.31×	0.32×	0.33×	0.34×	0.35×	0.35×	0.35×
Total Common & Spl DPS -Gross - Issue - By Announcement Date Rs	1.00	3.00	0.00	1.03	4.30	0.00	2.50	1.51	0.91	0.00	0.27	0.00	0.10	0.00	0.12	0.31

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