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Indian Renewable Energy Development Agency (BOM:544026) Operating Income : ₹29,195 Mil (TTM As of Sep. 2024)


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What is Indian Renewable Energy Development Agency Operating Income?

Indian Renewable Energy Development Agency's Operating Income for the three months ended in Sep. 2024 was ₹5,079 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 was ₹29,195 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Indian Renewable Energy Development Agency's Operating Income for the three months ended in Sep. 2024 was ₹5,079 Mil. Indian Renewable Energy Development Agency's Revenue for the three months ended in Sep. 2024 was ₹16,027 Mil. Therefore, Indian Renewable Energy Development Agency's Operating Margin % for the quarter that ended in Sep. 2024 was 31.69%.

Indian Renewable Energy Development Agency's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Indian Renewable Energy Development Agency's annualized ROC % for the quarter that ended in Sep. 2024 was 2.54%. Indian Renewable Energy Development Agency's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 380.03%.


Indian Renewable Energy Development Agency Operating Income Historical Data

The historical data trend for Indian Renewable Energy Development Agency's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Indian Renewable Energy Development Agency Operating Income Chart

Indian Renewable Energy Development Agency Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Operating Income
17,813.71 18,592.29 19,956.84 26,106.59

Indian Renewable Energy Development Agency Quarterly Data
Mar21 Mar22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 3,345.18 4,388.02 14,861.52 4,865.60 5,079.41

Indian Renewable Energy Development Agency Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹29,195 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Indian Renewable Energy Development Agency  (BOM:544026) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Indian Renewable Energy Development Agency's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=20317.62 * ( 1 - 15.69% )/( (0 + 675581.635)/ 1 )
=17129.785422/675581.635
=2.54 %

where

Invested Capital(Q: Sep. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=687484.744 - 9.584 - ( 11893.525 - max(0, 9.584 - 650923.83+11893.525))
=675581.635

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Indian Renewable Energy Development Agency's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=20317.62/( ( (0 + max(0, 0)) + (3511.803 + max(1834.504, 0)) )/ 1 )
=20317.62/( ( 0 + 5346.307 )/ 1 )
=20317.62/5346.307
=380.03 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(49.471 + 0 + 1794.617) - (9.584 + 0 + 0)
=1834.504

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Indian Renewable Energy Development Agency's Operating Margin % for the quarter that ended in Sep. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Sep. 2024 )/Revenue (Q: Sep. 2024 )
=5079.405/16026.877
=31.69 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Indian Renewable Energy Development Agency Operating Income Related Terms

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Indian Renewable Energy Development Agency Business Description

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Address
August Kranti Bhavan, 3rd Floor, Bhikaji Cama Place, New Delhi, IND, 110066
Indian Renewable Energy Development Agency Ltd is a wholly owned Government of India (GoI) enterprise under the administrative control of the Ministry of New and Renewable Energy. The company operates in two segments: Financing activities in the Renewable Energy (RE) & Energy Efficiency (EE) sector and Generation of power through Solar Plant operations at Kasaragod, Kerala. Majority revenue for the company is genetrated from the segment of financing activities in the RE EE sector.

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