FDC Ltd Q3 FY24 Share Price & Earnings Call Analysis

Financials of FDC Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of FDC Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +435536486458462638514464492648473465585
Expenses +386414410374406492444417438508439412478
Operating Profit491227684561477047541403452106
OPM %11%23%16%18%12%23%14%10%11%22%7%11%18%
Other Income +729272520283519163621050
Interest1111111111112
Depreciation10101010101114131615151514
Profit before tax451419398651639051531603836140
Tax %32%22%25%19%29%27%20%28%27%24%26%22%26%
Net Profit +311107079461197237391212828103
EPS in Rs1.856.624.294.872.847.314.422.282.387.451.741.746.35

Financials of FDC Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +8889941,0131,0741,0891,3411,3311,5251,7841,9432,1082,171
Expenses +6907657698418601,0389971,2711,5331,6041,7831,825
Operating Profit199229243233229304334254251339325346
OPM %22%23%24%22%21%23%25%17%14%17%15%16%
Other Income +4639444542579576501029193
Interest211113334455
Depreciation393435353337383739405459
Profit before tax204232252241237320388289258396357375
Tax %27%27%25%28%28%25%22%25%25%23%25%25%
Net Profit +148169189174170240301216194305267281
EPS in Rs8.339.4810.609.959.7414.0317.8512.8211.7018.7516.3917.29
Dividend Payout %27%24%21%0%0%6%0%0%0%0%31%29%

Financials of FDC Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital181818181817171717161616
Reserves9191,0651,2521,2591,4281,5301,7171,9401,9652,0812,2652,415
Borrowings +2111115153228212121
Other Liabilities +210182197228194250207281333350412433
Total Liabilities1,1481,2661,4681,5051,6401,8131,9562,2702,3432,4682,7142,886
Fixed Assets +393675678674682674689705699680852842
CWIP2920613122419105198261137163
Investments4893254914715856657908868068431,0281,007
Other Assets +237246293348360451458575640684698874
Total Assets1,1481,2661,4681,5051,6401,8131,9562,2702,3432,4682,7142,886

Financials of FDC Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +128174154150112250207162155221318
Cash from Investing Activity +-89-73-14421-121-98-77-14511-17-199
Cash from Financing Activity +-48-970-169-0-142-129-10-180-202-92
Net Cash Flow-94111-81017-14226
Free Cash Flow83-130130114702471483547151227
CFO/OP96%101%92%94%81%110%90%95%93%96%129%

Financials of FDC Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days2523272829343020252219
Inventory Days132134148166184180189210183216186
Days Payable94848110182101689499103102
Cash Conversion Cycle64729493131113152135109135103
Working Capital Days1121232945404845485333
ROCE %21%22%21%19%17%21%22%15%13%18%16%