THERMAX Income Statement - TTM - Thermax Limited

Income Statement (TTM)

Thermax Limited Income Statement shows changes in income and expenses over a period of time. Income Statement data includes Sales and Revenue, Gross Profit, Research and Development (R&D), Selling, General and Administrative Expense (SG&A), Operating Income, Income Tax Expense, Interest Expense, Non-Operating Income, Earnings per Share (EPS), and Shares Outstanding.

All numbers are times 1,000,000 except per share units.

	2020 09-30	2020 12-31	2021 03-31	2021 06-30	2021 09-30	2021 12-31	2022 03-31	2022 06-30	2022 09-30	2022 12-31	2023 03-31	2023 06-30	2023 09-30	2023 12-31	2024 03-31	2024 06-30	2024 09-30	2024 12-31	2025 03-31	2025 06-30
Revenue	45,392	45,397	47,912	51,787	55,068	57,109	61,283	67,304	73,364	77,709	80,898	83,683	85,955	88,706	93,235	95,749	98,840	100,674	103,887	103,545
Change (%)		0.01	5.54	8.09	6.34	3.71	7.31	9.83	9.00	5.92	4.10	3.44	2.72	3.20	5.11	2.70	3.23	1.86	3.19	-0.33
% of Revenue	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00

Cost Of Sales	24,232	23,904	25,386	27,371	29,142	30,681	34,850	39,229	43,472	45,865	46,247	47,314	47,796	49,226	52,196	53,709	55,309	56,423	58,135	56,451
Change (%)		-1.35	6.20	7.82	6.47	5.28	13.59	12.56	10.82	5.50	0.83	2.31	1.02	2.99	6.03	2.90	2.98	2.01	3.03	-2.90
% of Revenue	53.39	52.66	52.98	52.85	52.92	53.72	56.87	58.29	59.26	59.02	57.17	56.54	55.61	55.49	55.98	56.09	55.96	56.05	55.96	54.52

Gross Operating Profit	21,159	21,492	22,526	24,415	25,926	26,429	26,433	28,075	29,891	31,844	34,651	36,369	38,158	39,480	41,039	42,040	43,532	44,251	45,752	47,094
Change (%)		1.57	4.81	8.39	6.19	1.94	0.02	6.21	6.47	6.53	8.82	4.96	4.92	3.46	3.95	2.44	3.55	1.65	3.39	2.93
% of Revenue	46.61	47.34	47.02	47.15	47.08	46.28	43.13	41.71	40.74	40.98	42.83	43.46	44.39	44.51	44.02	43.91	44.04	43.95	44.04	45.48

SG&A	7,710	7,611	7,610	7,698	7,764	7,930	8,151	8,388	8,799	9,104	9,556	9,965	10,440	10,990	11,743	11,855	12,238	12,542	12,986	13,363
Change (%)		-1.28	-0.01	1.15	0.86	2.13	2.78	2.91	4.90	3.46	4.97	4.27	4.77	5.26	6.86	0.95	3.24	2.48	3.54	2.90
% of Revenue	16.98	16.77	15.88	14.87	14.10	13.89	13.30	12.46	11.99	11.72	11.81	11.91	12.15	12.39	12.60	12.38	12.38	12.46	12.50	12.91

R&D
Change (%)
% of Revenue

OpEx	44,179	43,816	45,497	48,621	51,583	53,968	58,182	63,981	69,759	73,625	75,781	78,213	79,876	82,431	86,742	89,087	91,536	93,346	96,352	95,299
Change (%)		-0.82	3.84	6.87	6.09	4.62	7.81	9.97	9.03	5.54	2.93	3.21	2.13	3.20	5.23	2.70	2.75	1.98	3.22	-1.09
% of Revenue	97.33	96.52	94.96	93.89	93.67	94.50	94.94	95.06	95.09	94.74	93.67	93.46	92.93	92.93	93.04	93.04	92.61	92.72	92.75	92.04

Operating Income	1,212	1,581	2,415	3,166	3,485	3,141	3,102	3,323	3,605	4,084	5,117	5,470	6,079	6,275	6,639	6,662	7,305	7,328	7,534	8,245
Change (%)		30.42	52.72	31.08	10.09	-9.87	-1.26	7.15	8.47	13.28	25.30	6.90	11.14	3.22	5.81	0.35	9.64	0.32	2.81	9.44
% of Revenue	2.67	3.48	5.04	6.11	6.33	5.50	5.06	4.94	4.91	5.26	6.33	6.54	7.07	7.07	7.12	6.96	7.39	7.28	7.25	7.96

Interest Expense	-91	-128	-118	-125	-129	-125	-135	-153	-182	-220	-252	-320	-438	-613	-738	-879	-975	-995	-1,013	-1,040
Change (%)		40.83	-8.42	6.64	2.87	-3.03	7.76	13.29	19.20	21.22	14.33	26.97	36.93	39.90	20.30	19.13	10.91	2.10	1.79	2.69
% of Revenue	-0.20	-0.28	-0.25	-0.24	-0.23	-0.22	-0.22	-0.23	-0.25	-0.28	-0.31	-0.38	-0.51	-0.69	-0.79	-0.92	-0.99	-0.99	-0.98	-1.00

Net Income	1,400	1,383	2,066	2,642	3,209	3,171	3,123	3,289	3,501	3,968	4,503	4,513	4,988	6,109	6,453	7,022	7,415	6,191	6,345	6,710
Change (%)		-1.21	49.41	27.92	21.45	-1.19	-1.52	5.30	6.46	13.35	13.47	0.22	10.53	22.48	5.62	8.82	5.60	-16.51	2.49	5.76
% of Revenue	3.08	3.05	4.31	5.10	5.83	5.55	5.10	4.89	4.77	5.11	5.57	5.39	5.80	6.89	6.92	7.33	7.50	6.15	6.11	6.48

Source: Capital IQ

Thermax Limited - Income Statement (TTM)

Income Statement (TTM)

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