PIA Holding Company Limited (PIAHCLA) income statement

PIA Holding Company Limited reported revenue of Rs 25.7 bn for FY2025 (Jan – Dec 2025), down 89.3% on FY2024. Finance cost was Rs 53.6 bn, down 10.1% on FY2024. The loss attributable to shareholders was Rs 25.5 bn, or Rs -4.88 per share.

PIAHCLA income statement (annual) (Rs bn)
Rs bn	FY2025 Jan – Dec 2025	FY2024 * Jan – Dec 2024	FY2022 * Jan – Dec 2022	FY2021 Jan – Dec 2021	FY2020 Jan – Dec 2020	FY2019 * Jan – Dec 2019	FY2018 Jan – Dec 2018	FY2017 Jan – Dec 2017	FY2016 Jan – Dec 2016	FY2015 * Jan – Dec 2015	FY2014 * Jan – Dec 2014	FY2013 Jan – Dec 2013	FY2012 * Jan – Dec 2012	FY2011 Jan – Dec 2011	FY2010 * Jan – Dec 2010	FY2009 * Jan – Dec 2009	FY2008 Jan – Dec 2008	FY2007 Jan – Dec 2007	FY2006 Jan – Dec 2006
Revenue	25.7	239.7	178.6	88.1	99.2	164.6	118.0	104.2	102.4	104.5	113.8	109.8	124.8	127.5	117.6	103.3	98.8	78.6	76.4
Operating expenses	(8.3)	(220.9)	(193.9)	(106.5)	(111.4)	(172.7)	(149.6)	(133.2)	(133.7)	(118.0)	(128.8)	(132.8)	(136.4)	(139.8)	(115.4)	(99.0)	(103.7)	(82.8)	(83.2)
Finance cost	(53.6)	(59.7)	(51.2)	(27.2)	(29.4)	(33.1)	(18.5)	(13.2)	(11.0)	(11.0)	(11.7)	(10.6)	(9.4)	(7.2)	(8.3)	(2.4)	(9.0)	(7.7)	(5.3)
Profit before tax	(38.7)	(44.1)	(100.6)	(54.4)	(47.9)	(56.1)	(67.6)	(46.9)	(44.9)	(29.6)	(27.9)	(43.4)	(28.7)	(26.9)	(7.6)	(4.6)	(39.5)	(12.5)	(13.0)
Taxation	(5.1)	30.2	3.4	0.9	4.2	0.0	0.9	(0.8)	0.1	(2.6)	(2.8)	(1.6)	(1.1)	0.9	(12.5)	7.4	3.3	(0.7)	0.6
Profit after tax	(43.8)	(13.9)	(97.2)	(53.5)	(43.7)	(56.0)	(66.7)	(47.7)	(44.8)	(32.1)	(30.7)	(45.1)	(29.8)	(25.9)	(20.1)	2.9	(36.2)	(13.2)	(12.4)
Profit attributable to shareholders	(25.5)	(14.6)	(97.3)	(53.4)	(43.6)	(56.0)	(66.7)	(47.8)	(44.8)	(32.1)	(30.7)	(45.1)	(29.8)	(26.0)	(20.1)	2.9	(36.3)	(13.2)	(12.4)
Per share
EPS – basic (Rs) Rs	(4.88)	(2.79)	(18.59)	(10.20)	(8.32)	(10.69)	(12.74)	(9.12)	(8.55)	(6.31)	(6.68)	(12.73)	(9.88)	(9.44)	(8.12)	1.33	(17.98)	(6.51)	(6.62)
Dividend per share (Rs) 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	0.00	0.00	0.00

PIAHCLA income statement — year-on-year change (Rs mn)
Rs mn	FY2025 Jan – Dec 2025	FY2024 * Jan – Dec 2024	FY2022 * Jan – Dec 2022	FY2021 Jan – Dec 2021	FY2020 Jan – Dec 2020	FY2019 * Jan – Dec 2019	FY2018 Jan – Dec 2018	FY2017 Jan – Dec 2017	FY2016 Jan – Dec 2016	FY2015 * Jan – Dec 2015	FY2014 * Jan – Dec 2014	FY2013 Jan – Dec 2013	FY2012 * Jan – Dec 2012	FY2011 Jan – Dec 2011	FY2010 * Jan – Dec 2010	FY2009 * Jan – Dec 2009	FY2008 Jan – Dec 2008	FY2007 Jan – Dec 2007	FY2006 Jan – Dec 2006
Revenue	-89.3%	+34.2%	+102.7%	-11.2%	-39.8%	+39.6%	+13.2%	+1.7%	-2.0%	-8.1%	+3.6%	-12.0%	-2.1%	+8.4%	+13.9%	+4.5%	+25.8%	+2.8%	—
Operating expenses	-96.2%	+13.9%	+82.0%	-4.4%	-35.5%	+15.5%	+12.3%	-0.4%	+13.4%	-8.4%	-3.1%	-2.6%	-2.4%	+21.1%	+16.6%	-4.6%	+25.2%	-0.4%	—
Finance cost	-10.1%	+16.6%	+88.1%	-7.3%	-11.3%	+78.5%	+40.0%	+20.1%	+0.3%	-6.2%	+10.8%	+12.4%	+30.6%	-13.0%	+251.3%	-73.9%	+16.8%	+46.5%	—
Profit before tax	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Taxation	—	—	—	—	—	—	-211.5%	—	-104.6%	-7.0%	+70.6%	+45.1%	—	-107.5%	—	—	-551.9%	—	—
Profit after tax	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-799.7%	—	—	—	—
Profit attributable to shareholders	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-804.4%	—	—	—	—
Per share
EPS – basic (Rs)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-709.1%	—	—	—	—
Dividend per share (Rs)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

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

PIAHCLA income statement — common size (Rs mn)
Rs mn	FY2025 Jan – Dec 2025	FY2024 * Jan – Dec 2024	FY2022 * Jan – Dec 2022	FY2021 Jan – Dec 2021	FY2020 Jan – Dec 2020	FY2019 * Jan – Dec 2019	FY2018 Jan – Dec 2018	FY2017 Jan – Dec 2017	FY2016 Jan – Dec 2016	FY2015 * Jan – Dec 2015	FY2014 * Jan – Dec 2014	FY2013 Jan – Dec 2013	FY2012 * Jan – Dec 2012	FY2011 Jan – Dec 2011	FY2010 * Jan – Dec 2010	FY2009 * Jan – Dec 2009	FY2008 Jan – Dec 2008	FY2007 Jan – Dec 2007	FY2006 Jan – Dec 2006
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%	100.0%	100.0%	100.0%
Operating expenses	(32.5%)	(92.2%)	(108.6%)	(120.9%)	(112.3%)	(104.9%)	(126.8%)	(127.9%)	(130.6%)	(112.9%)	(113.2%)	(121.0%)	(109.3%)	(109.7%)	(98.1%)	(95.8%)	(105.0%)	(105.4%)	(108.8%)
Finance cost	(208.7%)	(24.9%)	(28.7%)	(30.9%)	(29.6%)	(20.1%)	(15.7%)	(12.7%)	(10.8%)	(10.5%)	(10.3%)	(9.6%)	(7.5%)	(5.7%)	(7.0%)	(2.3%)	(9.1%)	(9.8%)	(6.9%)
Profit before tax	(150.6%)	(18.4%)	(56.3%)	(61.7%)	(48.3%)	(34.1%)	(57.3%)	(45.0%)	(43.8%)	(28.3%)	(24.5%)	(39.6%)	(23.0%)	(21.1%)	(6.4%)	(4.4%)	(40.0%)	(15.9%)	(17.0%)
Taxation	(19.9%)	12.6%	1.9%	1.0%	4.2%	0.0%	0.8%	(0.8%)	0.1%	(2.5%)	(2.4%)	(1.5%)	(0.9%)	0.7%	(10.6%)	7.2%	3.3%	(0.9%)	0.7%
Profit after tax	(170.5%)	(5.8%)	(54.5%)	(60.7%)	(44.1%)	(34.0%)	(56.5%)	(45.8%)	(43.7%)	(30.7%)	(27.0%)	(41.0%)	(23.9%)	(20.3%)	(17.1%)	2.8%	(36.7%)	(16.8%)	(16.3%)
Profit attributable to shareholders	(99.3%)	(6.1%)	(54.5%)	(60.6%)	(43.9%)	(34.0%)	(56.5%)	(45.8%)	(43.7%)	(30.8%)	(27.0%)	(41.1%)	(23.9%)	(20.4%)	(17.1%)	2.8%	(36.7%)	(16.8%)	(16.3%)

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 140

PIAHCLA income statement — all reported line items (Rs bn)
Rs bn	FY2025 Jan – Dec 2025	FY2024 Jan – Dec 2024	FY2022 Jan – Dec 2022	FY2021 Jan – Dec 2021	FY2020 Jan – Dec 2020	FY2019 Jan – Dec 2019	FY2018 Jan – Dec 2018	FY2017 Jan – Dec 2017	FY2016 Jan – Dec 2016	FY2015 Jan – Dec 2015
Revenue from Goods & Services	25.7	239.7	178.6	88.1	99.2	153.9	113.4	99.5	99.3	101.9
Sales of Goods & Services - Net - Unclassified	25.7	239.7	178.6	88.1	99.2	153.9	113.4	99.5	99.3	101.9
Revenue from Business-Related Activities - Other - Total	—	—	—	—	—	10.7	4.6	4.7	3.1	2.7
Revenue from Business Activities - Total	25.7	239.7	178.6	88.1	99.2	164.6	118.0	104.2	102.4	104.5
Cost of Operating Revenue	9.3	187.9	179.3	96.6	98.0	152.0	132.8	116.8	112.5	101.6
Cost of Revenues - Total	9.3	187.9	179.3	96.6	98.0	152.0	132.8	116.8	112.5	101.6
Cost of Revenues - Unclassified	9.3	151.2	65.8	44.3	41.5	58.3	56.5	52.8	49.8	44.0
Selling, General & Administrative Expenses - Total	17.1	33.9	18.3	14.3	15.3	18.6	16.8	14.7	14.8	13.3
Selling, General & Administrative Expenses - Unclassified	—	12.9	—	—	—	6.6	5.7	9.9	7.0	8.3
Amortization in Cost of Revenues	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Depreciation in Cost of Revenues	—	14.8	15.2	13.9	15.6	16.3	7.2	7.4	8.2	7.9
Depreciation in Selling, General & Administrative Expenses	—	1.9	—	—	—	0.1	0.1	0.0	0.0	0.0
Labor & Related Expenses including Stock-Based Compensation in Cost of Revenues	—	20.7	17.7	14.8	18.9	26.5	24.7	24.9	25.2	20.8
Amortization of Intangibles in Selling, General & Administrative Expenses	—	0.1	—	—	—	0.1	0.1	0.1	0.0	0.0
Material Expenses	—	1.3	0.9	0.8	0.7	0.9	0.8	0.7	2.1	0.7
Other Operating Expense/(Income) - Net	(18.0)	(0.9)	(3.7)	(4.3)	(1.9)	2.1	(0.0)	1.7	6.4	3.0
Other Operating Income - Total	—	1.4	4.7	6.9	11.5	2.4	1.9	0.4	0.3	0.6
Ground leases/Rental Expenses in Cost of Revenues	—	1.3	0.9	0.8	0.7	0.9	0.8	0.7	2.1	0.7
Cost of Revenues - Other - Total	0.0	—	79.7	22.9	21.2	50.1	43.6	30.9	27.2	28.3
Gross Profit - Industrials/Property - Total	16.4	51.7	(0.8)	(8.5)	1.2	12.6	(14.8)	(12.6)	(10.1)	2.9
Operating Expenses - Total	8.3	220.9	193.9	106.5	111.4	172.7	149.6	133.2	133.7	118.0
Labor & Related Expenses including Stock-Based Compensation in Selling, General & Administrative Expenses	—	15.6	—	—	—	9.6	8.8	4.7	7.7	5.0
Selling, General & Administrative Expenses - Other - Total	—	3.3	—	—	—	2.2	2.2	—	—	—
Advertising Expense	—	3.6	—	—	—	1.3	1.2	—	—	—
Rental Expense	—	1.3	—	—	—	0.9	1.0	—	—	—
Operating Profit before Non-Recurring Income/(Expense)	17.4	18.7	(15.3)	(18.4)	(12.2)	(8.1)	(31.6)	(29.0)	(31.3)	(13.4)
Financing Income/(Expense) - Net - Total	(54.0)	(62.4)	(76.9)	(35.9)	(35.8)	(48.0)	(35.9)	(17.9)	(13.8)	(15.9)
Interest Expense - Net of (Interest Income)	53.6	59.7	51.2	27.2	29.4	33.1	18.5	13.2	11.0	11.0
Other Operating Expense	—	0.5	—	—	—	—	—	—	—	—
Interest Expense - Net of Capitalized Interest	53.6	59.8	51.2	27.2	29.4	33.2	18.6	13.3	11.1	11.0
Operating Provisions - Increase/(Decrease)	—	—	1.0	2.6	9.5	4.5	1.9	2.1	6.7	3.7
Provision for Doubtful Accounts & Write-off	—	(1.6)	—	—	—	—	—	—	—	—
Non-Interest Financial Income/(Expense) - Total	(0.3)	(2.7)	(25.7)	(8.7)	(6.4)	(14.9)	(17.4)	(4.7)	(2.8)	(4.9)
Non-Interest Financial Income/(Expense) - Other - Net	—	(0.4)	(0.5)	(1.4)	(1.5)	(3.2)	(2.5)	(2.5)	(2.5)	(2.9)
Sale of Tangible & Intangible Fixed Assets - Gain/Loss	—	0.0	—	—	—	0.0	0.0	0.0	0.2	0.0
Equity Earnings/(Loss) - before Taxes including Non-Recurring	—	—	0.0	0.0	(0.0)	0.0	(0.0)	(0.0)	(0.0)	0.0
Other Non-Operating Income/(Expense) - Total	(2.1)	(1.4)	(0.0)	—	—	—	—	—	—	—
Non-Operating Rental Income	—	0.2	—	—	—	—	—	—	—	—
Foreign Exchange Gain/(Loss) - Non-Business	(0.3)	(2.3)	(25.2)	(7.3)	(4.9)	(11.7)	(14.9)	(2.2)	(0.3)	(2.1)
Normalized Pre-tax Profit	(38.7)	(45.0)	(92.3)	(54.4)	(47.9)	(56.1)	(67.6)	(46.9)	(44.9)	(29.4)
Non-Recurring Income/Expense - Total	—	1.0	(8.3)	—	—	—	—	—	—	(0.2)
Impairment - Tangible & Intangible Fixed Assets	—	—	—	—	—	—	—	—	—	0.2
Impairment - Fixed Assets	—	—	—	—	—	—	—	—	—	0.2
Interest Income - Non-Bank	—	0.1	—	—	—	0.1	0.1	0.1	0.1	0.0
Fair Value Adjustments - Investment Property	—	1.0	(8.3)	—	—	—	—	—	—	—
Income before Taxes	(38.7)	(44.1)	(100.6)	(54.4)	(47.9)	(56.1)	(67.6)	(46.9)	(44.9)	(29.6)
Income Taxes	5.1	(30.2)	(3.4)	(0.9)	(4.2)	(0.0)	(0.9)	0.8	(0.1)	2.6
Income Taxes for the Year - Current	5.0	4.3	1.5	(0.9)	(4.2)	0.0	0.7	0.8	0.8	0.7
Income Taxes - Deferred	0.1	(34.5)	(4.8)	—	—	(0.1)	(2.2)	0.0	(0.9)	1.9
Income Taxes - Other (by Type)	—	—	—	—	—	—	0.5	—	—	—
Net Income after Tax	(43.8)	(13.9)	(97.2)	(53.5)	(43.7)	(56.0)	(66.7)	(47.7)	(44.8)	(32.1)
Income before Discontinued Operations & Extraordinary Items	(43.8)	(13.9)	(97.2)	(53.5)	(43.7)	(56.0)	(66.7)	(47.7)	(44.8)	(32.1)
Net Income before Minority Interest	(25.4)	(14.4)	(97.2)	(53.5)	(43.7)	(56.0)	(66.7)	(47.7)	(44.8)	(32.1)
Minority Interest	0.1	0.2	0.1	(0.1)	(0.2)	(0.1)	0.0	0.0	0.0	0.0
Net Income after Minority Interest	(25.5)	(14.6)	(97.3)	(53.4)	(43.6)	(56.0)	(66.7)	(47.8)	(44.8)	(32.1)
Income Available to Common Shares	(25.5)	(14.6)	(97.3)	(53.4)	(43.6)	(56.0)	(66.7)	(47.8)	(44.8)	(32.1)
Extraordinary Activities - after Tax - Gain/(Loss)	18.4	(0.5)	—	—	—	—	—	—	—	—
Discontinued Operations - Net of Taxes - Total - Income/(Expense)	18.4	(0.5)	—	—	—	—	—	—	—	—
Other Comprehensive Income - Starting Line	(25.4)	(14.4)	(97.2)	(53.5)	(43.7)	—	—	—	—	—
Discontinued Operations - Net - Income/(Expense)	18.4	(0.5)	—	—	—	—	—	—	—	—
Other Comprehensive Income - Foreign Currency	(0.7)	(0.6)	4.0	1.1	1.4	—	—	—	—	—
Other Comprehensive Income - Unrealized Investment Gain/(Loss)	0.1	(0.0)	0.0	0.1	(0.0)	—	—	—	—	—
Other Comprehensive Income - Hedging Gain/(Loss)	(0.0)	0.0	6.9	(0.1)	0.0	—	—	—	—	—
Other Comprehensive Income - Revaluation of Tangible & Intangible Assets	9.9	6.2	(0.4)	3.4	(11.5)	—	—	—	—	—
Other Comprehensive Income - Pension Related	(1.9)	3.1	(2.5)	1.3	0.8	—	—	—	—	—
Other Comprehensive Income - Net of Tax - Total	7.5	8.7	8.1	5.8	(9.3)	—	—	—	—	—
Comprehensive Income before Minority Interest - Total	(17.9)	(5.8)	(89.1)	(47.7)	(53.1)	—	—	—	—	—
Comprehensive Income - Attributable to Minority Interest - Total	1.4	(0.1)	1.2	0.5	(0.3)	—	—	—	—	—
Comprehensive Income - Attributable to Parent Company Equity Holders - Total	(19.4)	(10.0)	(90.3)	(48.1)	(52.8)	—	—	—	—	—
DPS - Common - Gross - Issue - By Period End Date Rs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Income - Basic - including Extraordinary Items Applicable to Common - Total	(25.5)	(14.6)	(97.3)	(53.4)	(43.6)	(56.0)	(66.7)	(47.8)	(44.8)	(32.1)
Income available to Common excluding Extraordinary Items	(44.0)	(14.1)	(97.3)	(53.4)	(43.6)	(56.0)	(66.7)	(47.8)	(44.8)	(32.1)
Shares used to calculate Basic EPS - Total mn	5,235.3	5,235.3	5,235.3	5,235.3	5,235.3	5,235.3	5,235.3	5,235.3	5,235.3	5,093.9
EPS - Basic - including Extraordinary Items Applicable to Common - Total Rs	(4.88)	(2.79)	(18.59)	(10.20)	(8.32)	(10.69)	(12.74)	(9.12)	(8.55)	(6.31)
EPS - Basic - excluding Extraordinary Items Applicable to Common - Total Rs	(8.40)	(2.69)	(18.59)	(10.20)	(8.32)	(10.69)	(12.74)	(9.12)	(8.55)	(6.31)
EPS - Basic - excluding Extraordinary Items - Normalized - Total Rs	(8.40)	(2.88)	(17.00)	(10.20)	(8.32)	(10.69)	(12.74)	(9.12)	(8.55)	(6.28)
Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific	(25.5)	(14.6)	(97.3)	(53.4)	(43.6)	(56.0)	(66.7)	(47.8)	(44.8)	(32.1)
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×
Shares used to calculate Basic EPS - Issue Specific mn	5,235.3	5,235.3	5,235.3	5,235.3	5,235.3	5,235.3	5,235.3	5,235.3	5,235.3	5,093.9
EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific Rs	(4.88)	(2.79)	(18.59)	(10.20)	(8.32)	(10.69)	(12.74)	(9.12)	(8.55)	(6.31)
EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific Rs	(8.40)	(2.69)	(18.59)	(10.20)	(8.32)	(10.69)	(12.74)	(9.12)	(8.55)	(6.31)
EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific Rs	(8.40)	(2.88)	(17.00)	(10.20)	(8.32)	(10.69)	(12.74)	(9.12)	(8.55)	(6.28)
EPS - Basic from Discontinued Operations & Extraordinary Items Rs	3.52	(0.10)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Comprehensive Earnings Per Share - Basic - Issue Specific Rs	(3.71)	(1.90)	(17.26)	(9.19)	(10.09)	—	—	—	—	—
Net Income - Diluted - including Extraordinary Items Applicable to Common - Total	(25.5)	(14.6)	(97.3)	(53.4)	(43.6)	(56.0)	(66.7)	(47.8)	(44.8)	(32.1)
Diluted Income available to Common excluding Extraordinary Items	(44.0)	(14.1)	(97.3)	(53.4)	(43.6)	(56.0)	(66.7)	(47.8)	(44.8)	(32.1)
Shares used to calculate Diluted EPS - Total mn	5,235.3	5,235.3	5,235.3	5,235.3	5,235.3	5,235.3	5,235.3	5,235.3	5,235.3	5,093.9
EPS - Diluted - including Extraordinary Items Applicable to Common - Total Rs	(4.88)	(2.79)	(18.59)	(10.20)	(8.32)	(10.69)	(12.74)	(9.12)	(8.55)	(6.31)
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total Rs	(8.40)	(2.69)	(18.59)	(10.20)	(8.32)	(10.69)	(12.74)	(9.12)	(8.55)	(6.31)
EPS - Diluted - excluding Extraordinary Items - Normalized - Total Rs	(8.40)	(2.88)	(17.00)	(10.20)	(8.32)	(10.69)	(12.74)	(9.12)	(8.55)	(6.28)
Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific	(25.5)	(14.6)	(97.3)	(53.4)	(43.6)	(56.0)	(66.7)	(47.8)	(44.8)	(32.1)
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×
Shares used to calculate Diluted EPS - Issue Specific mn	5,235.3	5,235.3	5,235.3	5,235.3	5,235.3	5,235.3	5,235.3	5,235.3	5,235.3	5,093.9
EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific Rs	(4.88)	(2.79)	(18.59)	(10.20)	(8.32)	(10.69)	(12.74)	(9.12)	(8.55)	(6.31)
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific Rs	(8.40)	(2.69)	(18.59)	(10.20)	(8.32)	(10.69)	(12.74)	(9.12)	(8.55)	(6.31)
EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific Rs	(8.40)	(2.88)	(17.00)	(10.20)	(8.32)	(10.69)	(12.74)	(9.12)	(8.55)	(6.28)
EPS - Diluted from Discontinued Operations & Extraordinary Items Rs	3.52	(0.10)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Comprehensive Earnings Per Share - Diluted - Issue Specific Rs	(3.71)	(1.90)	(17.26)	(9.19)	(10.09)	—	—	—	—	—
DPS - Common - Gross - Issue - By Announcement Date Rs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DPS - Common - Net - Issue - By Announcement Date Rs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Earnings before Interest & Taxes (EBIT)	17.4	18.7	(15.3)	(18.4)	(12.2)	(8.1)	(31.6)	(29.0)	(31.3)	(13.4)
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA)	22.2	35.5	0.0	(4.4)	5.0	8.4	(24.3)	(21.5)	(23.0)	(5.5)
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) and Operating Lease Payments	—	38.1	0.9	(3.6)	5.8	10.1	(22.5)	(20.7)	(20.9)	(4.8)
Depreciation & Amortization - Supplemental	—	16.8	15.2	13.9	15.7	16.5	7.3	7.6	8.3	7.9
Depreciation Expense - Total - Supplemental	—	16.7	15.2	13.9	15.6	16.4	7.2	7.5	8.2	7.9
Depreciation - Financial Lease Right-of-Use Assets - Supplemental	—	7.0	—	—	—	9.2	1.6	—	—	—
Amortization - Total - Supplemental	—	0.1	0.0	0.0	0.0	0.1	0.1	0.1	0.0	0.0
Intangible Amortization - Other - Supplemental	—	0.1	0.0	0.0	0.0	0.1	0.1	—	—	—
Amortization of Computer Software - Supplemental	—	0.1	0.0	0.0	0.0	0.1	0.1	—	—	—
Depreciation, Depletion & Amortization - Total	4.9	16.8	15.3	14.0	17.2	16.5	7.3	7.6	8.3	7.9
Depreciation - Total	4.8	16.7	15.2	13.9	17.1	16.4	7.2	7.5	8.2	7.9
Amortization of Intangible Assets excluding Goodwill - Total	0.1	0.1	0.1	0.2	0.1	0.1	0.1	0.1	0.0	0.0
Labor & Related Expenses - Total	—	36.3	17.7	14.8	18.9	36.2	33.5	29.6	33.0	25.8
Labor & Related Expenses - Supplemental	—	36.3	17.7	14.8	18.9	36.2	33.5	29.6	33.0	25.8
Auditor Fees	—	0.0	—	—	—	0.0	0.0	0.0	0.0	0.0
Audit-Related Fees	—	0.0	—	—	—	0.0	0.0	0.0	0.0	0.0
Tax Fees	—	—	—	—	—	—	—	—	—	0.0
Fees - Other	—	0.0	—	—	—	0.0	0.0	0.0	0.0	0.0
Normalized after Tax Profit	(43.8)	(14.9)	(88.9)	(53.5)	(43.7)	(56.0)	(66.7)	(47.7)	(44.8)	(32.0)
Normalized Net Income from Continuing Operations	(43.8)	(14.9)	(88.9)	(53.5)	(43.7)	(56.0)	(66.7)	(47.7)	(44.8)	(32.0)
Normalized Net Income - Bottom Line	(44.0)	(15.1)	(89.0)	(53.4)	(43.6)	(56.0)	(66.7)	(47.8)	(44.8)	(32.0)
Earnings before Interest & Taxes (EBIT) - Normalized	14.9	14.7	(41.1)	(27.1)	(18.6)	(23.0)	(49.0)	(33.7)	(33.8)	(18.4)
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized	19.8	31.4	(25.7)	(13.1)	(1.4)	(6.5)	(41.7)	(26.1)	(25.6)	(10.5)
Depreciation of Financial Lease Right-of-Use Assets	—	7.0	—	—	—	9.2	1.6	—	—	—
Interest Expense on Financial Lease Liabilities - Supplemental	—	1.6	1.2	0.9	1.4	2.0	0.1	—	—	—
Rental/Operating Lease Expense	—	2.6	0.9	0.8	0.7	1.8	1.8	0.7	2.1	0.7
Advertising Expenses - Supplemental	—	3.6	—	—	—	1.3	1.2	—	—	—
Interest Expense	53.6	59.8	51.2	27.2	29.4	33.2	18.6	13.3	11.1	11.0
Operating Expenses	8.3	220.9	193.9	106.5	111.4	172.7	149.6	133.2	133.7	118.0
Selling, General & Administrative Expenses excluding Research & Development Expenses	17.1	33.9	18.3	14.3	15.3	18.6	16.8	14.7	14.8	13.3
Income before Taxes & Provision for Loan Losses	(38.7)	(44.1)	(100.6)	(54.4)	(47.9)	(56.1)	(67.6)	(46.9)	(44.9)	(29.6)
Cost of Revenue including Operation & Maintenance (Utility) - Total	9.3	187.9	179.3	96.6	98.0	152.0	132.8	116.8	112.5	101.6
Cost of Revenues excluding Depreciation	9.3	173.2	164.1	82.7	82.3	135.7	125.6	109.3	104.3	93.8
DPS - Common - Gross - Issue - By Payable Date Rs	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 Ex Date Rs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Expenses excluding Non-Cash Charges - Total	3.5	204.1	178.5	92.5	94.2	156.3	142.3	125.7	125.5	110.0
Income Available to Common Shares before Depreciation & Amortization	(20.6)	2.1	(82.0)	(39.3)	(26.3)	(39.5)	(59.4)	(40.2)	(36.5)	(24.2)
Fixed Charges	53.6	59.8	51.2	27.2	29.4	33.2	18.6	13.3	11.1	11.0
Estimated Tax Rate	0.29×	0.29×	0.29×	0.29×	0.35×	0.30×	0.30×	0.31×	0.32×	0.33×
Total Common & Spl DPS -Gross - Issue - By Announcement Date Rs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Every line the company reported, in the original order and wording, without regrouping or signs changed. Latest 10 periods; the table above goes back further.