NETSOL Income Statement - TTM - Netsol Technologies Limited

Income Statement (TTM)

Netsol Technologies 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
Revenue	4,506	4,499	4,582	4,948	5,085	5,557	5,941	6,185	6,686	6,663	7,144	7,788	8,358	9,212	9,432	9,580	9,182	8,898	8,973
Change (%)		-0.15	1.82	7.99	2.77	9.29	6.90	4.12	8.10	-0.35	7.22	9.01	7.32	10.22	2.38	1.57	-4.15	-3.09	0.84
% 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

Cost Of Sales	3,002	2,906	2,893	3,147	3,370	3,538	3,871	4,105	4,501	4,957	5,288	5,697	5,834	5,808	5,691	5,435	5,326	5,326	5,473
Change (%)		-3.20	-0.46	8.78	7.07	4.99	9.42	6.04	9.65	10.12	6.69	7.73	2.40	-0.45	-2.01	-4.50	-2.00	0.01	2.75
% of Revenue	66.63	64.60	63.15	63.61	66.27	63.66	65.16	66.36	67.31	74.39	74.02	73.16	69.80	63.04	60.34	56.73	58.01	59.86	60.99

Gross Operating Profit	1,504	1,593	1,688	1,800	1,715	2,019	2,070	2,081	2,186	1,706	1,856	2,090	2,524	3,404	3,741	4,145	3,856	3,572	3,500
Change (%)		5.94	5.99	6.63	-4.75	17.75	2.48	0.54	5.04	-21.92	8.76	12.64	20.72	34.90	9.88	10.80	-6.97	-7.37	-2.00
% of Revenue	33.37	35.40	36.85	36.39	33.73	36.34	34.84	33.64	32.69	25.61	25.98	26.84	30.20	36.96	39.66	43.27	41.99	40.14	39.01

SG&A	1,199	1,177	1,197	1,308	1,347	1,407	1,508	1,559	1,746	1,903	2,005	2,087	2,103	2,123	2,183	2,357	2,392	2,446	2,456
Change (%)		-1.80	1.67	9.28	3.01	4.40	7.16	3.45	11.98	9.00	5.33	4.10	0.79	0.93	2.81	7.97	1.49	2.29	0.40
% of Revenue	26.60	26.17	26.13	26.44	26.50	25.31	25.38	25.21	26.12	28.57	28.06	26.80	25.17	23.04	23.14	24.60	26.05	27.49	27.37

R&D
Change (%)
% of Revenue

OpEx	4,125	3,990	4,443	4,624	4,921	5,199	5,376	5,986	6,601	7,249	7,782	8,518	8,727	8,826	9,034	8,332	8,238	8,434	8,314
Change (%)		-3.28	11.36	4.06	6.43	5.65	3.42	11.34	10.28	9.81	7.35	9.46	2.45	1.13	2.36	-7.77	-1.13	2.38	-1.43
% of Revenue	91.55	88.68	96.98	93.45	96.78	93.55	90.51	96.78	98.73	108.79	108.93	109.38	104.42	95.80	95.78	86.98	89.72	94.79	92.65

Operating Income	381	510	138	324	164	358	564	199	85	-586	-638	-730	-369	387	398	1,247	944	464	659
Change (%)		33.83	-72.83	134.03	-49.46	118.81	57.45	-64.69	-57.30	-788.95	8.85	14.53	-49.46	-204.72	2.93	213.54	-24.32	-50.87	42.16
% of Revenue	8.45	11.32	3.02	6.55	3.22	6.45	9.49	3.22	1.27	-8.79	-8.93	-9.38	-4.42	4.20	4.22	13.02	10.28	5.21	7.35

Interest Expense	-54	-55	-56	-58	-56	-56	-56	-58	-70	-101	-134	-186	-239	-274	-305	-310	-299	-281	-253
Change (%)		3.29	1.54	2.59	-2.23	0.14	-0.83	3.70	20.25	44.50	33.44	38.36	28.57	14.51	11.52	1.52	-3.39	-6.23	-9.82
% of Revenue	-1.19	-1.23	-1.22	-1.16	-1.11	-1.01	-0.94	-0.94	-1.04	-1.51	-1.88	-2.39	-2.86	-2.97	-3.24	-3.24	-3.26	-3.16	-2.82

Net Income	365	553	172	193	260	647	975	872	828	97	1,290	1,038	1,102	1,812	484	1,203	1,132	558	759
Change (%)		51.73	-68.89	12.16	34.49	149.44	50.63	-10.54	-5.13	-88.29	1,231.22	-19.52	6.15	64.35	-73.30	148.73	-5.94	-50.70	36.05
% of Revenue	8.09	12.29	3.76	3.90	5.10	11.65	16.41	14.10	12.38	1.45	18.06	13.33	13.19	19.67	5.13	12.56	12.32	6.27	8.46

Source: Capital IQ

Netsol Technologies Limited - Income Statement (TTM)

Income Statement (TTM)