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Patels Airtemp (India) (BOM:517417) Retained Earnings : ₹0 Mil (As of Sep. 2024)


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What is Patels Airtemp (India) Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Patels Airtemp (India)'s retained earnings for the quarter that ended in Sep. 2024 was ₹0 Mil.

Patels Airtemp (India)'s quarterly retained earnings increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹1,204 Mil) but then declined from Mar. 2024 (₹1,204 Mil) to Sep. 2024 (₹0 Mil).

Patels Airtemp (India)'s annual retained earnings increased from Mar. 2022 (₹976 Mil) to Mar. 2023 (₹1,073 Mil) and increased from Mar. 2023 (₹1,073 Mil) to Mar. 2024 (₹1,204 Mil).


Patels Airtemp (India) Retained Earnings Historical Data

The historical data trend for Patels Airtemp (India)'s Retained Earnings 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.

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Patels Airtemp (India) Retained Earnings Chart

Patels Airtemp (India) Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 761.73 861.20 975.55 1,072.93 1,204.13

Patels Airtemp (India) Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - 1,204.13 -

Patels Airtemp (India) Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Patels Airtemp (India)  (BOM:517417) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Patels Airtemp (India) Business Description

Traded in Other Exchanges
N/A
Address
5th Floor, Kalpana Complex, Near Memnagar Fire Station, Navrangpura, Ahmedabad, GJ, IND, 380009
Patels Airtemp (India) Ltd is in the engineering industry and is engaged in manufacturing/fabricating tailor-made machines. The company manufactures and sells heat exchangers such as shell and tube type, finned tube type and air-cooled heat exchangers, pressure vessels, air-conditioning and refrigeration equipment, and turnkey HVAC projects in India, and marketing of equipment outside India. The products are supplied to Industrial sections like power projects, refineries, fertilizers, cement, petrochemicals, pharmaceuticals, textile, and chemical industries. The company also has a wholly owned subsidiary company Patels Airtemp (USA) Inc. in the USA.

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