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PIAHCLB PIA Holding Company LimitedB

A second share class of the company listed as PIAHCLA. The financial statements are the company's; market value and valuation multiples are shown on PIAHCLA.

Latest results: FY2025 · Dec 2025 Q1 FY2026 · Jan – Mar 2026

Last close · 16 Oct 2026

Rs 14,566.33 +1.50%

Quarterly · Q4 FY2020 – Q1 FY2026

PIA Holding Company LimitedB (PIAHCLB) quarterly income statement

PIA Holding Company LimitedB reported revenue of Rs 3.4 bn for Q1 FY2026 (Jan – Mar 2026), down 94.8% on Q1 FY2025. Finance cost was Rs 13.8 bn, down 0.5% on Q1 FY2025.

PIAHCLB income statement (quarterly) (Rs bn)
Rs bn TTM to Mar 2026 Q1 FY2026 * Jan – Mar 2026 Q4 FY2025 * Oct – Dec 2025 Q3 FY2025 * Jul – Sep 2025 Q2 FY2025 * Apr – Jun 2025 Q1 FY2025 * Jan – Mar 2025 Q4 FY2024 * Oct – Dec 2024 Q3 FY2024 Jul – Sep 2024 Q2 FY2024 Apr – Jun 2024 Q3 FY2023 Jul – Sep 2023 Q2 FY2023 * Apr – Jun 2023 Q1 FY2023 * Jan – Mar 2023 Q4 FY2022 * Oct – Dec 2022 Q3 FY2022 * Jul – Sep 2022 Q2 FY2022 * Apr – Jun 2022 Q1 FY2022 * Jan – Mar 2022 Q4 FY2021 * Oct – Dec 2021 Q3 FY2021 * Jul – Sep 2021 Q2 FY2021 * Apr – Jun 2021 Q1 FY2021 Jan – Mar 2021 Q4 FY2020 * Oct – Dec 2020
Revenue — 3.4 — 51.1 65.1 65.0 56.2 — — 59.3 65.9 61.3 53.1 51.6 38.5 35.4 — — — 15.9 20.4
Operating expenses (112.1) (5.0) 3.8 (54.5) (56.4) (56.7) (54.1) — — (52.5) (63.4) (60.5) (57.5) (55.0) (45.2) (36.1) — — — (21.9) (20.0)
Finance cost (53.6) (13.8) (12.6) (12.9) (14.2) (13.9) (38.9) — — (19.5) (20.7) (17.3) (16.2) (16.3) (15.7) (9.2) — — — (6.5) (7.2)
Profit before tax — — (11.3) (15.8) (4.8) (6.8) (38.9) — — (11.3) (25.3) (37.6) (31.4) (26.2) (28.8) (14.2) — — — (8.3) (3.4)
Taxation (4.5) (0.7) (3.5) 1.6 (1.9) (1.3) 32.5 — — (0.4) (0.7) (0.4) 4.1 (0.3) (0.3) (0.2) — — — (0.0) 4.2
Profit after tax — — (14.8) (14.2) (6.8) (8.1) (6.4) — — (11.7) (26.0) (38.0) (27.3) (26.5) (29.1) (14.3) — — — (8.3) 0.8
Profit attributable to shareholders — — (1.0) (14.3) (1.9) (8.3) (7.0) — — (11.7) (26.0) (38.0) (27.3) (26.5) (29.1) (14.3) — — — (8.3) 0.8
Per share
EPS – basic (Rs) Rs — — (0.20) (2.72) (0.37) (1.59) (1.33) — — (2.24) (4.98) (7.26) (5.22) (5.07) (5.56) (2.74) — — — (1.59) 0.16
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
PIAHCLB income statement — year-on-year change (Rs mn)
Rs mn Q1 FY2026 * Jan – Mar 2026 Q4 FY2025 * Oct – Dec 2025 Q3 FY2025 * Jul – Sep 2025 Q2 FY2025 * Apr – Jun 2025 Q1 FY2025 * Jan – Mar 2025 Q4 FY2024 * Oct – Dec 2024 Q3 FY2024 Jul – Sep 2024 Q2 FY2024 Apr – Jun 2024 Q3 FY2023 Jul – Sep 2023 Q2 FY2023 * Apr – Jun 2023 Q1 FY2023 * Jan – Mar 2023 Q4 FY2022 * Oct – Dec 2022 Q3 FY2022 * Jul – Sep 2022 Q2 FY2022 * Apr – Jun 2022 Q1 FY2022 * Jan – Mar 2022 Q4 FY2021 * Oct – Dec 2021 Q3 FY2021 * Jul – Sep 2021 Q2 FY2021 * Apr – Jun 2021 Q1 FY2021 Jan – Mar 2021 Q4 FY2020 * Oct – Dec 2020
Revenue -94.8% — — — +9.6% -14.7% — — +14.9% +71.1% +73.2% — — — +123.2% — — — -59.3% —
Operating expenses -91.2% -107.0% — — +7.9% -14.7% — — -4.5% +40.2% +67.6% — — — +65.3% — — — -48.2% —
Finance cost -0.5% -67.5% — — -29.0% +87.5% — — +19.9% +32.4% +88.9% — — — +41.7% — — — -30.5% —
Profit before tax — — — — — — — — — — — — — — — — — — — —
Taxation -50.0% — — — +264.5% -4,788.1% — — +20.5% +107.5% +144.2% — — — +1,838.7% — — — +101.2% —
Profit after tax — — — — — — — — — — — — — — — — — — — —
Profit attributable to shareholders — — — — — — — — — — — — — — — — — — — —
Per share
EPS – basic (Rs) — — — — — — — — — — — — — — — — — — — —
Dividend per share (Rs) — — — — — — — — — — — — — — — — — — — —

Change against the same quarter a year earlier; shown when the earlier figure is positive.

PIAHCLB income statement — common size (Rs mn)
Rs mn Q1 FY2026 * Jan – Mar 2026 Q4 FY2025 * Oct – Dec 2025 Q3 FY2025 * Jul – Sep 2025 Q2 FY2025 * Apr – Jun 2025 Q1 FY2025 * Jan – Mar 2025 Q4 FY2024 * Oct – Dec 2024 Q3 FY2024 Jul – Sep 2024 Q2 FY2024 Apr – Jun 2024 Q3 FY2023 Jul – Sep 2023 Q2 FY2023 * Apr – Jun 2023 Q1 FY2023 * Jan – Mar 2023 Q4 FY2022 * Oct – Dec 2022 Q3 FY2022 * Jul – Sep 2022 Q2 FY2022 * Apr – Jun 2022 Q1 FY2022 * Jan – Mar 2022 Q4 FY2021 * Oct – Dec 2021 Q3 FY2021 * Jul – Sep 2021 Q2 FY2021 * Apr – Jun 2021 Q1 FY2021 Jan – Mar 2021 Q4 FY2020 * Oct – Dec 2020
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%
Operating expenses (146.7%) — (106.6%) (86.7%) (87.2%) (96.3%) — — (88.6%) (96.3%) (98.7%) (108.4%) (106.6%) (117.5%) (102.1%) — — — (137.8%) (97.9%)
Finance cost (405.8%) — (25.2%) (21.9%) (21.3%) (69.2%) — — (33.0%) (31.5%) (28.3%) (30.5%) (31.6%) (40.7%) (26.0%) — — — (40.9%) (35.4%)
Profit before tax — — (30.9%) (7.4%) (10.4%) (69.3%) — — (19.1%) (38.5%) (61.4%) (59.2%) (50.8%) (74.8%) (40.1%) — — — (52.6%) (16.8%)
Taxation (19.2%) — 3.1% (3.0%) (2.0%) 57.9% — — (0.6%) (1.1%) (0.6%) 7.8% (0.6%) (0.9%) (0.4%) — — — (0.1%) 20.6%
Profit after tax — — (27.8%) (10.4%) (12.4%) (11.4%) — — (19.7%) (39.5%) (62.0%) (51.4%) (51.4%) (75.7%) (40.5%) — — — (52.6%) 3.7%
Profit attributable to shareholders — — (27.9%) (2.9%) (12.8%) (12.4%) — — (19.7%) (39.6%) (62.0%) (51.5%) (51.4%) (75.6%) (40.5%) — — — (52.6%) 4.0%

Each line as a percentage of revenue.

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. TTM = the latest four quarters added together. * Figures in this period do not fully reconcile in the source data (hover the * for details). Updated 16 Oct 2026.

All reported line items 122
PIAHCLB income statement — all reported line items (Rs bn)
Rs bn Q1 FY2026 Jan – Mar 2026 Q4 FY2025 Oct – Dec 2025 Q3 FY2025 Jul – Sep 2025 Q2 FY2025 Apr – Jun 2025 Q1 FY2025 Jan – Mar 2025 Q4 FY2024 Oct – Dec 2024 Q3 FY2024 Jul – Sep 2024 Q2 FY2024 Apr – Jun 2024 Q3 FY2023 Jul – Sep 2023 Q2 FY2023 Apr – Jun 2023 Q1 FY2023 Jan – Mar 2023 Q4 FY2022 Oct – Dec 2022
Revenue from Goods & Services 3.4 — 51.1 65.1 65.0 56.2 — — 59.3 65.9 61.3 53.1
Sales of Goods & Services - Net - Unclassified 3.4 — 51.1 65.1 65.0 56.2 — — 59.3 65.9 61.3 53.1
Revenue from Business Activities - Total 3.4 — 51.1 65.1 65.0 56.2 — — 59.3 65.9 61.3 53.1
Cost of Operating Revenue 2.5 (145.8) 51.5 52.6 51.1 43.0 — — 55.9 55.4 54.7 52.5
Cost of Revenues - Total 2.5 (145.8) 51.5 52.6 51.1 43.0 — — 55.9 55.4 54.7 52.5
Cost of Revenues - Unclassified — (93.9) 35.1 35.5 32.6 — — — 29.5 22.6 20.2 17.5
Selling, General & Administrative Expenses - Total 2.8 1.2 4.8 5.7 5.4 10.9 — — (2.2) 8.5 6.3 4.5
Amortization in Cost of Revenues — — — — — — — — — 0.0 0.0 0.0
Depreciation in Cost of Revenues — — — — — — — — — 4.1 3.6 5.5
Labor & Related Expenses including Stock-Based Compensation in Cost of Revenues — — — — — — — — — 5.3 4.9 5.4
Material Expenses — — — — — — — — — 0.6 0.4 0.2
Other Operating Expense/(Income) - Net (0.3) 140.8 (1.7) (1.8) 0.2 0.2 — — (1.1) (0.4) (0.5) 0.6
Other Operating Income - Total — 12.6 2.9 2.1 0.5 0.9 — — 3.0 1.3 0.8 —
Ground leases/Rental Expenses in Cost of Revenues — — — — — — — — — 0.6 0.4 0.2
Cost of Revenues - Other - Total — (52.0) 16.3 17.1 18.5 — — — 26.4 22.8 25.6 23.9
Gross Profit - Industrials/Property - Total 0.9 — (0.3) 12.5 13.9 13.2 — — 3.4 10.5 6.6 0.6
Operating Expenses - Total 5.0 (3.8) 54.5 56.4 56.7 54.1 — — 52.5 63.4 60.5 57.5
Operating Profit before Non-Recurring Income/(Expense) (1.6) 3.8 (3.4) 8.6 8.3 2.1 — — 6.7 2.4 0.8 (4.5)
Financing Income/(Expense) - Net - Total (13.8) (14.3) (13.1) (12.5) (14.1) (39.4) — — (18.1) (27.8) (38.4) (18.6)
Interest Expense - Net of (Interest Income) 13.8 12.6 12.9 14.2 13.9 38.9 — — 19.5 20.7 17.3 16.2
Other Operating Expense — 155.5 — 0.0 — 0.5 — — — — — 0.2
Interest Expense - Net of Capitalized Interest 13.8 12.6 12.9 14.2 13.9 38.9 — — 19.5 20.7 17.3 16.2
Operating Provisions - Increase/(Decrease) — (2.1) 1.1 0.3 0.7 0.5 — — 2.0 0.9 0.3 0.4
Non-Interest Financial Income/(Expense) - Total — (1.6) (0.2) 1.8 (0.3) (0.6) — — 1.4 (7.0) (21.0) (2.4)
Non-Interest Financial Income/(Expense) - Other - Net — — — — — — — — — (0.6) (0.1) 0.9
Equity Earnings/(Loss) - before Taxes including Non-Recurring — — — — — — — — — 0.0 — 0.0
Other Non-Operating Income/(Expense) - Total (0.4) (0.8) 0.6 (1.0) (0.9) (1.5) — — (0.0) — — (0.0)
Foreign Exchange Gain/(Loss) - Non-Business — (1.6) (0.2) 1.8 (0.3) (0.6) — — 1.4 (6.5) (20.9) (3.3)
Normalized Pre-tax Profit — (11.3) (15.8) (4.8) (6.8) (38.9) — — (11.3) (25.3) (37.6) (23.1)
Non-Recurring Income/Expense - Total — — — — — — — — — — — (8.3)
Fair Value Adjustments - Investment Property — — — — — — — — — — — (8.3)
Provision for Income Tax Expense- Unclassified 0.7 3.5 (1.6) 1.9 1.3 (32.5) — — 0.4 — — —
Income before Taxes — (11.3) (15.8) (4.8) (6.8) (38.9) — — (11.3) (25.3) (37.6) (31.4)
Income Taxes 0.7 3.5 (1.6) 1.9 1.3 (32.5) — — 0.4 0.7 0.4 (4.1)
Income Taxes for the Year - Current — — — — — — — — — 0.5 0.4 0.7
Income Taxes - Deferred — — — — — — — — — 0.2 (0.1) (4.8)
Net Income after Tax — (14.8) (14.2) (6.8) (8.1) (6.4) — — (11.7) (26.0) (38.0) (27.3)
Income before Discontinued Operations & Extraordinary Items — (14.8) (14.2) (6.8) (8.1) (6.4) — — (11.7) (26.0) (38.0) (27.3)
Net Income before Minority Interest — (1.0) (14.2) (1.9) (8.3) (7.0) — — (11.7) (26.0) (38.0) (27.3)
Minority Interest (0.0) 0.0 0.1 0.1 (0.0) 0.0 — — (0.0) 0.0 0.0 0.1
Net Income after Minority Interest — (1.0) (14.3) (1.9) (8.3) (7.0) — — (11.7) (26.0) (38.0) (27.3)
Income Available to Common Shares — (1.0) (14.3) (1.9) (8.3) (7.0) — — (11.7) (26.0) (38.0) (27.3)
Extraordinary Activities - after Tax - Gain/(Loss) 1.6 13.8 0.0 4.9 (0.3) (0.5) — — — — — —
Discontinued Operations - Net of Taxes - Total - Income/(Expense) 1.6 13.8 0.0 4.9 (0.3) (0.5) — — — — — —
Other Comprehensive Income - Starting Line (14.9) (1.0) — (1.9) (8.3) (7.0) — — — — — (27.3)
Discontinued Operations - Net - Income/(Expense) 1.6 13.8 0.0 4.9 (0.3) (0.5) — — — — — —
Other Comprehensive Income - Foreign Currency — (6.6) — — — (2.9) — — — — — 8.5
Other Comprehensive Income - Unrealized Investment Gain/(Loss) — 0.1 — — — (0.0) — — — — — 0.1
Other Comprehensive Income - Hedging Gain/(Loss) — (0.0) — — — 0.0 — — — — — 6.9
Other Comprehensive Income - Revaluation of Tangible & Intangible Assets — 1.2 — — — 6.2 — — — — — (0.4)
Other Comprehensive Income - Other — 1.3 — — — — — — — — — —
Other Comprehensive Income - Pension Related — (1.9) — — — 3.6 — — — — — (2.5)
Other Comprehensive Income - Income Tax — 2.5 — — — — — — — — — —
Other Comprehensive Income - Net of Tax - Total — (3.4) — 0.0 0.0 6.9 — — — — — 12.7
Comprehensive Income before Minority Interest - Total — (4.4) — (1.9) (8.3) (0.1) — — — — — (14.5)
Comprehensive Income - Attributable to Minority Interest - Total — 0.4 — — — (0.2) — — — — — 2.3
Comprehensive Income - Attributable to Parent Company Equity Holders - Total — (4.8) — (1.9) (8.3) (4.2) — — — — — (14.7)
Earnings Adjustments to Net Income - Other Expense/(Income) — — (0.0) 0.0 (0.0) (0.0) — — (0.0) (0.0) — —
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
Net Income - Basic - including Extraordinary Items Applicable to Common - Total — (1.0) (14.3) (1.9) (8.3) (7.0) — — (11.7) (26.0) (38.0) (27.3)
Income available to Common excluding Extraordinary Items — (14.8) (14.3) (6.8) (8.1) (6.4) — — (11.7) (26.0) (38.0) (27.3)
Shares used to calculate Basic EPS - Total mn — 5,236.6 5,234.8 5,208.5 5,240.0 5,235.3 — — 5,235.4 5,235.3 5,235.3 5,235.3
EPS - Basic - including Extraordinary Items Applicable to Common - Total Rs — (0.20) (2.72) (0.37) (1.59) (1.33) — — (2.24) (4.98) (7.26) (5.22)
EPS - Basic - excluding Extraordinary Items Applicable to Common - Total Rs — (2.83) (2.72) (1.31) (1.54) (1.23) — — (2.24) (4.98) (7.26) (5.22)
EPS - Basic - excluding Extraordinary Items - Normalized - Total Rs — (2.83) (2.72) (1.31) (1.54) (1.23) — — (2.24) (4.98) (7.26) (3.63)
Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific — (1.0) (14.3) (1.9) (8.3) (7.0) — — (11.7) (26.0) (38.0) (27.3)
Earnings Allocation Factor - Basic - Issue Specific — 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 — 5,236.6 5,234.8 5,208.5 5,240.0 5,235.3 — — 5,235.4 5,235.3 5,235.3 5,235.3
EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific Rs — (0.20) (2.72) (0.37) (1.59) (1.33) — — (2.24) (4.98) (7.26) (5.22)
EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific Rs — (3.72) (2.72) (1.31) (1.54) (1.23) — — (2.24) (4.98) (7.26) (5.22)
EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific Rs — (2.83) (2.72) (1.31) (1.54) (1.23) — — (2.24) (4.98) (7.26) (3.63)
EPS - Basic from Discontinued Operations & Extraordinary Items Rs — 2.63 0.00 0.95 (0.05) (0.10) — — 0.00 0.00 0.00 0.00
Comprehensive Earnings Per Share - Basic - Issue Specific Rs — (0.92) — (0.37) (1.59) (0.80) — — — — — (2.80)
Net Income - Diluted - including Extraordinary Items Applicable to Common - Total — (1.0) (14.3) (1.9) (8.3) (7.0) — — (11.7) (26.0) (38.0) (27.3)
Diluted Income available to Common excluding Extraordinary Items — (14.8) (14.3) (6.8) (8.1) (6.4) — — (11.7) (26.0) (38.0) (27.3)
Shares used to calculate Diluted EPS - Total mn — 5,236.6 5,234.8 5,208.5 5,240.0 5,235.3 — — 5,235.4 5,235.3 5,235.3 5,235.3
EPS - Diluted - including Extraordinary Items Applicable to Common - Total Rs — (0.20) (2.72) (0.37) (1.59) (1.33) — — (2.24) (4.98) (7.26) (5.22)
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total Rs — (3.72) (2.72) (1.31) (1.54) (1.23) — — (1.12) (4.98) (7.26) (5.22)
EPS - Diluted - excluding Extraordinary Items - Normalized - Total Rs — (2.83) (2.72) (1.31) (1.54) (1.23) — — (2.24) (4.98) (7.26) (3.63)
Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific — (1.0) (14.3) (1.9) (8.3) (7.0) — — (11.7) (26.0) (38.0) (27.3)
Earnings Allocation Factor - Diluted - Issue Specific — 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 — 5,236.6 5,234.8 5,208.5 5,240.0 5,235.3 — — 5,235.4 5,235.3 5,235.3 5,235.3
EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific Rs — (0.20) (2.72) (0.37) (1.59) (1.33) — — (2.24) (4.98) (7.26) (5.22)
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific Rs — (3.72) (2.72) (1.31) (1.54) (1.23) — — (1.12) (4.98) (7.26) (5.22)
EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific Rs — (2.83) (2.72) (1.31) (1.54) (1.23) — — (2.24) (4.98) (7.26) (3.63)
EPS - Diluted from Discontinued Operations & Extraordinary Items Rs — 3.52 0.00 0.95 (0.05) (0.10) — — (1.12) 0.00 0.00 0.00
Comprehensive Earnings Per Share - Diluted - Issue Specific Rs — (0.92) — (0.37) (1.59) (0.80) — — — — — (2.80)
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
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
Earnings before Interest & Taxes (EBIT) (1.6) 3.8 (3.4) 8.6 8.3 2.1 — — 6.7 2.4 0.8 (4.5)
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) — 3.9 (3.4) 12.1 11.1 7.0 — — 6.7 6.5 5.0 (0.1)
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) and Operating Lease Payments — — — — — — — — — 7.2 5.4 0.1
Depreciation & Amortization - Supplemental — — — — — — — — — 4.1 3.6 5.5
Depreciation Expense - Total - Supplemental — — — — — — — — — 4.1 3.6 5.5
Amortization - Total - Supplemental — — — — — — — — — 0.0 0.0 0.0
Intangible Amortization - Other - Supplemental — — — — — — — — — 0.0 0.0 0.0
Amortization of Computer Software - Supplemental — — — — — — — — — 0.0 0.0 0.0
Depreciation, Depletion & Amortization - Total — 0.1 — 3.5 2.8 5.0 — — — 4.1 4.2 4.4
Depreciation - Total — — — 3.5 2.8 4.9 — — — 4.1 4.2 4.3
Amortization of Intangible Assets excluding Goodwill - Total — 0.1 — 0.0 0.0 0.1 — — — 0.0 0.0 0.0
Labor & Related Expenses - Total — — — — — — — — — 5.3 4.9 5.4
Labor & Related Expenses - Supplemental — — — — — — — — — 5.3 4.9 5.4
Normalized after Tax Profit — (14.8) (14.2) (6.8) (8.1) (6.4) — — (11.7) (26.0) (38.0) (18.9)
Normalized Net Income from Continuing Operations — (14.8) (14.2) (6.8) (8.1) (6.4) — — (11.7) (26.0) (38.0) (18.9)
Normalized Net Income - Bottom Line (1.6) (14.8) (14.3) (6.8) (8.1) (6.4) — — (11.7) (26.0) (38.0) (19.0)
Earnings before Interest & Taxes (EBIT) - Normalized — 1.3 (2.9) 9.4 7.1 (0.1) — — 8.2 (4.6) (20.3) (6.9)
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized — 1.4 — 12.9 9.9 4.9 — — — (0.5) (16.1) (2.5)
Interest Expense on Financial Lease Liabilities - Supplemental — — — — — — — — — 1.5 1.3 —
Rental/Operating Lease Expense — — — — — — — — — 0.6 0.4 0.2
Interest Expense 13.8 12.6 12.9 14.2 13.9 38.9 — — 19.5 20.7 17.3 16.2
Operating Expenses 5.0 — 54.5 56.4 56.7 54.1 — — 52.5 63.4 60.5 57.5
Selling, General & Administrative Expenses excluding Research & Development Expenses 2.8 1.2 4.8 5.7 5.4 10.9 — — (2.2) 8.5 6.3 4.5
Income before Taxes & Provision for Loan Losses — (11.3) (15.8) (4.8) (6.8) (38.9) — — (11.3) (25.3) (37.6) (31.4)
Cost of Revenue including Operation & Maintenance (Utility) - Total 2.5 (145.8) 51.5 52.6 51.1 43.0 — — 55.9 55.4 54.7 52.5
Cost of Revenues excluding Depreciation — (145.8) 51.5 52.6 51.1 43.0 — — 55.9 51.3 51.1 47.0
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
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
Operating Expenses excluding Non-Cash Charges - Total — (3.9) — 53.0 53.9 49.1 — — — 59.3 56.3 53.2
Income Available to Common Shares before Depreciation & Amortization — (0.9) — 1.6 (5.5) (2.0) — — — (21.9) (33.8) (22.9)
Fixed Charges 13.8 12.6 12.9 14.2 13.9 38.9 — — 19.5 20.7 17.3 16.2
Estimated Tax Rate 0.29× 0.29× 0.29× 0.29× 0.29× 0.29× — — 0.29× 0.29× 0.29× 0.29×
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

Every line the company reported, in the original order and wording, without regrouping or signs changed. Latest 12 periods; the table above goes back further.