Income Statement BPL Limited Bombay S.E.

Stocks

BPL

INE110A01019

Household Electronics

Market Closed - Bombay S.E. 13:02:22 18/09/2026 +03			5-day change	1st Jan Change
45.77 ^INR	-0.52%		-3.11%	-22.95%

08-12	BPL Limited Reports Earnings Results for the First Quarter Ended June 30, 2026	CI
05-28	BPL Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2026	CI

c.oMsY8KO9ZPB5DcxJ2DT8QLML1zQDImK4tul2swR2CH4.755-gu7PSbUBeb0soE2LL91b-gVadFTK09AF8WgecAjwmEmKyfsptg9Svw

Published financial data: BPL LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Revenues	382M	522M	664M	784M	781M
Other Revenues, Total	-	-	-1K	-	1K
Total Revenues	382M	522M	664M	784M	781M
Cost of Goods Sold, Total	267M	317M	327M	417M	485M
Gross Profit	116M	205M	337M	367M	296M
Selling General & Admin Expenses, Total	76.19M	81.19M	88.98M	110M	125M
Provision for Bad Debts	274K	-	-	-	-
Depreciation & Amortization - (IS)	16.74M	16.9M	19.87M	22.9M	24.24M
Other Operating Expenses	33.23M	54.41M	101M	126M	107M
Other Operating Expenses, Total	126M	153M	210M	259M	257M
Operating Income	-10.92M	52.54M	127M	108M	39.03M
Interest Expense, Total	-15.27M	-12.6M	-6.14M	-19.98M	-111M
Interest And Investment Income	104M	85.49M	1.25M	92.16M	173K
Net Interest Expenses	88.46M	72.89M	-4.89M	72.18M	-111M
Currency Exchange Gains (Loss)	-	-	6.01M	1.26M	4.08M
Other Non Operating Income (Expenses)	-995K	4.26M	37.43M	-3.84M	-1.02M
EBT, Excl. Unusual Items	76.54M	130M	166M	178M	-69.14M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-60K	819K	2.81M	485M	-
Asset Writedown	-	-5.09M	-	-	-
Other Unusual Items	-	-	-	-661M	-
EBT, Incl. Unusual Items	76.48M	125M	169M	1.71M	-69.14M
Income Tax Expense	-53.01M	74.51M	34.62M	766K	16.36M
Earnings From Continuing Operations	129M	50.91M	134M	942K	-85.5M
Net Income to Company	129M	50.91M	134M	942K	-85.5M
Minority Interest	-	-	-	1.54M	1.31M
Net Income - (IS)	129M	50.91M	134M	2.48M	-84.19M
Net Income to Common Incl Extra Items	129M	50.91M	134M	2.48M	-84.19M
Net Income to Common Excl. Extra Items	129M	50.91M	134M	2.48M	-84.19M
Per Share Items
Net EPS - Basic	2.65	1.04	2.76	0.05	-1.73
Basic EPS - Continuing Operations	2.65	1.04	2.76	0.05	-1.73
Basic Weighted Average Shares Outstanding	48.91M	48.98M	48.58M	48.98M	48.66M
Net EPS - Diluted	2.65	1.04	2.76	0.05	-1.73
Diluted EPS - Continuing Operations	2.65	1.04	2.76	0.05	-1.73
Diluted Weighted Average Shares Outstanding	48.91M	48.98M	48.58M	48.98M	48.66M
Normalized Basic EPS	0.98	1.66	2.13	2.3	-0.86
Normalized Diluted EPS	0.98	1.66	2.13	2.3	-0.86
Payout Ratio	0.01	0.03	0.01	0.69	-
Supplemental Items
EBITDA	5.78M	69.27M	147M	131M	62.1M
EBITA	-10.92M	52.54M	127M	108M	39.03M
EBIT	-10.92M	52.54M	127M	108M	39.03M
EBITDAR	8.73M	73.52M	152M	136M	66.31M
Total Revenues (As Reported)	492M	621M	719M	1.37B	799M
Effective Tax Rate - (Ratio)	-69.31	59.41	20.52	44.85	-23.66
Total Current Taxes	0	0	0	10.5M	0
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-53.01M	74.51M	34.62M	-9.73M	16.36M
Normalized Net Income	47.84M	81.06M	104M	113M	-41.9M
Non-Cash Pension Expense	2.87M	3.47M	3.11M	2.32M	2.25M
Supplemental Operating Expense Items
Advertising Expense	256K	653K	643K	4.7M	475K
Selling and Marketing Expenses	256K	653K	643K	4.7M	475K
Net Rental Expense, Total	2.95M	4.26M	4.59M	5.46M	4.21M
Imputed Operating Lease Interest Expense	333K	214K	113K	435K	1.51M
Imputed Operating Lease Depreciation	2.62M	4.04M	4.48M	5.03M	2.7M
Maintenance & Repair Expenses, Total	-	10.36M	3.81M	16.3M	14.97M
Stock-Based Comp., SG&A Exp. (Total)	2.22M	-	-	-	-
Total Stock-Based Compensation	2.22M	-	-	-	-

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Assets
Cash And Equivalents	4.92M	8.73M	60.52M	12.17M	10.8M
Short Term Investments	1.51M	7.19M	32.46M	3.07M	17.61M
Total Cash And Short Term Investments	6.43M	15.92M	92.98M	15.24M	28.41M
Accounts Receivable, Total	131M	139M	214M	239M	250M
Other Receivables	69K	74.28M	329K	620K	905K
Notes Receivable	-	-	-	-	-
Total Receivables	131M	213M	214M	240M	251M
Inventory	58.21M	43.9M	48.08M	52.76M	87.63M
Prepaid Expenses	-	-	-	50K	1M
Other Current Assets, Total	547M	164M	231M	250M	1.23B
Total Current Assets	743M	437M	586M	557M	1.6B
Gross Property Plant And Equipment	3.83B	3.88B	3.58B	3.57B	3.57B
Accumulated Depreciation	-441M	-455M	-113M	-123M	-145M
Net Property Plant And Equipment	3.39B	3.42B	3.46B	3.45B	3.42B
Long-term Investments	594M	1.24B	1.24B	1.24B	1.24B
Goodwill	231M	231M	231M	231M	231M
Other Intangibles, Total	176K	155K	1.43M	1.23M	4.35M
Deferred Tax Assets Long-Term	349M	296M	284M	294M	283M
Deferred Charges Long-Term	7K	7K	1K	0	0
Other Long-Term Assets, Total	54.96M	365M	354M	355M	355M
Total Assets	5.36B	5.99B	6.16B	6.13B	7.14B
Liabilities
Accounts Payable, Total	178M	194M	187M	227M	241M
Accrued Expenses, Total	13.22M	108M	108M	63.01M	158M
Short-term Borrowings	138M	47.15M	107M	80.54M	95.72M
Current Portion of Long-Term Debt	1.7B	1.7B	1.7B	1.7B	1.7B
Current Income Taxes Payable	-	-	-	-	-
Unearned Revenue Current, Total	7.74M	4.99M	3M	5M	7M
Other Current Liabilities	91.99M	3.97M	4.91M	560K	5.37M
Total Current Liabilities	2.13B	2.05B	2.11B	2.07B	2.2B
Long-Term Debt	208M	213M	215M	217M	1.18B
Pension & Other Post Retirement Benefits	21.26M	17.66M	1.57M	1.27M	-
Other Non Current Liabilities	-	1K	-	-1K	-1K
Total Liabilities	2.35B	2.28B	2.32B	2.29B	3.38B
Preferred Stock Redeemable	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	489M	490M	490M	490M	490M
Additional Paid In Capital	-	964K	964K	-	964K
Retained Earnings	253M	305M	439M	445M	356M
Comprehensive Income and Other	919M	1.56B	1.57B	1.56B	1.56B
Total Common Equity	1.66B	2.36B	2.49B	2.49B	2.41B
Minority Interest	1.35B	1.35B	1.35B	1.34B	1.34B
Total Equity	3.01B	3.71B	3.84B	3.84B	3.75B
Total Liabilities And Equity	5.36B	5.99B	6.16B	6.13B	7.14B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	48.91M	48.98M	48.98M	48.98M	48.98M
ECS Total Common Shares Outstanding	48.91M	48.98M	48.98M	48.98M	48.98M
Book Value / Share	33.96	48.18	50.94	50.91	49.21
Tangible Book Value	1.43B	2.13B	2.26B	2.26B	2.17B
Tangible Book Value Per Share	29.24	43.46	46.2	46.18	44.41
Total Debt	2.04B	1.96B	2.02B	1.99B	2.97B
Net Debt	2.04B	1.94B	1.93B	1.98B	2.94B
Debt Equivalent of Unfunded Proj. Benefit Obligation	22.04M	21.61M	1.52M	2.62M	-1.05M
Debt Equivalent Oper. Leases	23.62M	34.04M	36.71M	43.72M	33.66M
Minority Interest, Total (Incl. Fin. Div)	1.35B	1.35B	1.35B	1.34B	1.34B
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	40.16M	29.4M	34.66M	35.6M	52.64M
Inventories - Work In Process, Total	7.15M	8.25M	7.15M	13.77M	30.34M
Inventories - Finished Goods, Total	7.97M	3.32M	2.69M	236K	1.71M
Inventories - Others	2.93M	2.92M	3.58M	3.15M	2.94M
Land - (BS)	123M	123M	123M	123M	123M
Buildings, Total	68.24M	103M	72.66M	25.86M	25.86M
Machinery, Total	553M	561M	265M	337M	339M
Full Time Employees	115	112	125	122	151
Accumulated Allowance for Doubtful Accounts (Supple)	17.79M	17.04M	18.35M	18.35M	13.08M
Order Backlog	-	-	-	-	-

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Net Income	129M	50.91M	134M	2.48M	-84.19M
Depreciation & Amortization - CF	16.69M	16.73M	19.73M	22.58M	23.08M
Depreciation & Amortization, Total	16.69M	16.73M	19.73M	22.58M	23.08M
Amortization of Deferred Charges, Total - (CF)	42K	166K	141K	324K	1.16M
(Gain) Loss From Sale Of Asset	60K	-1.06M	-2.81M	-485M	-
Other Operating Activities, Total	-143M	-1.38M	27.3M	577M	101M
Change In Accounts Receivable	26.19M	-8.24M	-75.11M	-25.04M	-11.12M
Change In Inventories	-602K	14.31M	-4.18M	-4.68M	-34.87M
Change In Accounts Payable	-63.94M	16.42M	-6.9M	39.31M	14.15M
Change in Other Net Operating Assets	27.99M	-25.28M	-24.06M	-37.64M	-867M
Cash from Operations	-6.61M	62.59M	68.2M	88.74M	-858M
Capital Expenditure	-2.3M	-44.19M	-62.49M	-6.39M	-2.97M
Sale of Property, Plant, and Equipment	4K	1.68M	2.81M	485M	-
Other Investing Activities, Total	38.57M	85.4M	-18.29M	129M	-6.18M
Cash from Investing	36.28M	42.88M	-77.97M	608M	-9.14M
Short Term Debt Issued, Total	2.49M	-	-	-	-
Long-Term Debt Issued, Total	-	1.51M	72.38M	-	975M
Total Debt Issued	2.49M	1.51M	72.38M	-	975M
Short Term Debt Repaid, Total	-24.41M	-	-	-	-
Long-Term Debt Repaid, Total	-	-88.46M	-	-2.92M	-
Total Debt Repaid	-24.41M	-88.46M	-	-2.92M	-
Issuance of Common Stock	434K	698K	-	-	-
Preferred Dividends Paid	-17K	-17K	-17K	-17K	-
Common & Preferred Stock Dividends Paid	-17K	-17K	-17K	-17K	-
Other Financing Activities, Total	-17.26M	-15.4M	-10.8M	-21.94M	-110M
Cash from Financing	-38.76M	-102M	61.56M	-24.88M	866M
Foreign Exchange Rate Adjustments	4.92M	-	-	-	-
Miscellaneous Cash Flow Adjustments	-	5K	-	-720M	-2K
Net Change in Cash	-4.17M	3.81M	51.79M	-48.35M	-1.37M
Supplemental Items
Cash Interest Paid	15.1M	12.6M	6.14M	17.7M	13.34M
Cash Income Tax Paid (Refund)	-	-	-	-	-
Levered Free Cash Flow	696M	19.83M	-46.3M	14.63M	-934M
Unlevered Free Cash Flow	705M	27.7M	-42.46M	27.12M	-864M
Change In Net Working Capital	-695M	-22.16M	79.43M	57.16M	910M
Net Debt Issued / Repaid	-21.92M	-86.95M	72.38M	-2.92M	975M

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Profitability
Return on Assets	-0.15	0.58	1.31	1.1	0.37
Return on Total Capital	-0.16	0.61	1.38	1.16	0.39
Return On Equity %	4.18	1.52	3.55	0.02	-2.25
Return on Common Equity	8.23	2.53	5.52	0.1	-3.43
Margin Analysis
Gross Profit Margin %	30.23	39.27	50.72	46.84	37.88
SG&A Margin	19.94	15.55	13.4	14.05	16.04
EBITDA Margin %	1.51	13.27	22.14	16.72	7.95
EBITA Margin %	-2.86	10.06	19.17	13.84	5
EBIT Margin %	-2.86	10.06	19.17	13.84	5
Income From Continuing Operations Margin %	33.89	9.75	20.19	0.12	-10.94
Net Income Margin %	33.89	9.75	20.19	0.32	-10.78
Net Avail. For Common Margin %	33.89	9.75	20.19	0.32	-10.78
Normalized Net Income Margin	12.52	15.52	15.61	14.4	-5.36
Levered Free Cash Flow Margin	182.1	3.8	-6.97	1.87	-119.49
Unlevered Free Cash Flow Margin	184.6	5.31	-6.39	3.46	-110.58
Asset Turnover
Asset Turnover	0.09	0.09	0.11	0.13	0.12
Fixed Assets Turnover	0.21	0.15	0.19	0.23	0.23
Receivables Turnover (Average Receivables)	2.66	3.88	3.77	3.46	3.2
Inventory Turnover (Average Inventory)	4.6	6.21	7.12	8.26	6.91
Short Term Liquidity
Current Ratio	0.35	0.21	0.28	0.27	0.72
Quick Ratio	0.06	0.11	0.15	0.12	0.13
Operating Cash Flow to Current Liabilities	-0	0.03	0.03	0.04	-0.39
Days Sales Outstanding (Average Receivables)	137.21	94.13	97.16	105.46	114.22
Days Outstanding Inventory (Average Inventory)	79.3	58.76	51.42	44.18	52.79
Average Days Payable Outstanding	238.26	224.4	210.78	179.49	164.1
Cash Conversion Cycle (Average Days)	-21.75	-71.51	-62.2	-29.85	2.92
Long Term Solvency
Total Debt/Equity	67.85	52.75	52.55	51.94	79.16
Total Debt / Total Capital	40.42	34.53	34.45	34.19	44.18
LT Debt/Equity	6.9	5.74	5.6	5.67	31.43
Long-Term Debt / Total Capital	4.11	3.76	3.67	3.73	17.54
Total Liabilities / Total Assets	43.89	38.13	37.7	37.37	47.4
EBIT / Interest Expense	-0.71	4.17	20.74	5.43	0.35
EBITDA / Interest Expense	0.38	5.5	23.95	6.56	0.56
(EBITDA - Capex) / Interest Expense	0.23	1.99	13.77	6.24	0.53
Total Debt / EBITDA	353.31	28.23	13.72	15.22	47.84
Net Debt / EBITDA	352.19	28	13.09	15.1	47.39
Total Debt / (EBITDA - Capex)	586.04	77.99	23.86	16	50.24
Net Debt / (EBITDA - Capex)	584.19	77.36	22.76	15.88	49.76
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-12.68	36.51	27.21	17.96	-0.3
Gross Profit, 1 Yr. Growth %	-19.69	77.65	64.31	11.21	-19.37
EBITDA, 1 Yr. Growth %	-82.31	1.11K	112.32	-10.92	-52.59
EBITA, 1 Yr. Growth %	-168.68	-579.88	142.4	-14.85	-64
EBIT, 1 Yr. Growth %	-168.68	-579.88	142.4	-14.85	-64
Earnings From Cont. Operations, 1 Yr. Growth %	-160.33	-60.69	165.03	-99.28	-9.18K
Net Income, 1 Yr. Growth %	-160.33	-60.69	165.03	-98.13	-3.49K
Normalized Net Income, 1 Yr. Growth %	-1.5K	69.44	28.23	8.93	-137.15
Diluted EPS Before Extra, 1 Yr. Growth %	-160.3	-60.74	167.19	-98.17	4.22K
Accounts Receivable, 1 Yr. Growth %	-16.71	6.31	54.12	11.71	4.66
Inventory, 1 Yr. Growth %	1.04	-24.59	9.53	9.73	66.09
Net Property, Plant and Equip., 1 Yr. Growth %	1.56K	0.87	1.27	-0.45	-0.69
Total Assets, 1 Yr. Growth %	51.02	11.73	2.85	-0.56	16.44
Tangible Book Value, 1 Yr. Growth %	-3.86	48.87	6.29	-0.05	-3.83
Common Equity, 1 Yr. Growth %	11.66	42.07	5.73	-0.06	-3.35
Cash From Operations, 1 Yr. Growth %	-140.73	-1.06K	8.96	30.12	-1.05K
Capital Expenditures, 1 Yr. Growth %	337.14	1.83K	41.4	-89.77	-53.59
Levered Free Cash Flow, 1 Yr. Growth %	17.11K	-98.03	-333.43	-131.61	-6.48K
Unlevered Free Cash Flow, 1 Yr. Growth %	4.82K	-97.28	-253.25	-163.88	-3.29K
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-36.44	9.24	31.78	22.5	8.45
Gross Profit, 2 Yr. CAGR %	5.51	19.39	70.85	33.8	-5.31
EBITDA, 2 Yr. CAGR %	-80.73	45.6	405.92	37.53	-35.02
EBITA, 2 Yr. CAGR %	-74.15	81.82	241.05	43.66	-44.64
EBIT, 2 Yr. CAGR %	-74.15	81.82	241.05	43.66	-44.64
Earnings From Cont. Operations, 2 Yr. CAGR %	85.82	-51.3	1.76	-86.35	-19.3
Net Income, 2 Yr. CAGR %	85.82	-51.3	1.76	-77.86	-20.41
Normalized Net Income, 2 Yr. CAGR %	-35.98	386.67	47.22	18.11	-36.39
Diluted EPS Before Extra, 2 Yr. CAGR %	85.78	-51.34	2.1	-77.86	-20.83
Accounts Receivable, 2 Yr. CAGR %	15.13	-5.9	28	31.21	8.12
Inventory, 2 Yr. CAGR %	-13.03	-12.71	-9.12	9.63	35
Net Property, Plant and Equip., 2 Yr. CAGR %	292.59	309.09	1.07	0.41	-0.57
Total Assets, 2 Yr. CAGR %	19.33	29.9	7.2	1.13	7.6
Tangible Book Value, 2 Yr. CAGR %	-8.22	19.64	25.79	3.07	-1.96
Common Equity, 2 Yr. CAGR %	-1.09	25.95	22.56	2.8	-1.72
Cash From Operations, 2 Yr. CAGR %	-72.02	96.38	224.12	19.07	254.67
Capital Expenditures, 2 Yr. CAGR %	-86.71	817.48	421.8	-61.97	-78.21
Levered Free Cash Flow, 2 Yr. CAGR %	632.05	121.49	-78.58	-14.1	349.06
Unlevered Free Cash Flow, 2 Yr. CAGR %	1.3K	39.04	-79.58	-1.06	351.09
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-35.18	-17.96	14.93	27	14.37
Gross Profit, 3 Yr. CAGR %	-22.31	25.48	32.8	47.06	13.01
EBITDA, 3 Yr. CAGR %	-47.34	-23.66	65.11	183.56	-3.57
EBITA, 3 Yr. CAGR %	-31.91	-31.49	100.11	114.75	-9.43
EBIT, 3 Yr. CAGR %	-31.91	-31.49	100.11	114.75	-9.43
Earnings From Cont. Operations, 3 Yr. CAGR %	140.4	10.73	-14.52	-80.62	19.11
Net Income, 3 Yr. CAGR %	140.4	10.73	-14.52	-73.25	18.5
Normalized Net Income, 3 Yr. CAGR %	37.84	-11.44	211.74	33.1	-19.68
Diluted EPS Before Extra, 3 Yr. CAGR %	140.65	10.66	-14.34	-73.26	18.75
Accounts Receivable, 3 Yr. CAGR %	-12.41	12.11	10.92	22.32	21.68
Inventory, 3 Yr. CAGR %	-25.18	-17.06	-5.85	-3.22	25.91
Net Property, Plant and Equip., 3 Yr. CAGR %	226.97	149.58	156.86	0.56	0.04
Total Assets, 3 Yr. CAGR %	13.45	16.75	20.17	4.55	6
Tangible Book Value, 3 Yr. CAGR %	-4.81	7.84	15.01	16.51	0.72
Common Equity, 3 Yr. CAGR %	0.06	11.6	18.82	14.5	0.71
Cash From Operations, 3 Yr. CAGR %	-53.4	-9.5	61.37	139.1	139.32
Capital Expenditures, 3 Yr. CAGR %	-63.41	-30.2	391.9	40.69	-59.36
Levered Free Cash Flow, 3 Yr. CAGR %	66.42	15.17	125.4	-75.61	261.06
Unlevered Free Cash Flow, 3 Yr. CAGR %	69.48	97.41	43.62	-70.14	214.75
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-16.46	-15.92	-13.89	-3.69	12.29
Gross Profit, 5 Yr. CAGR %	-13.15	-7.06	6.46	28.75	15.52
EBITDA, 5 Yr. CAGR %	-2.34	-9.72	30.02	-3.39	13.71
EBITA, 5 Yr. CAGR %	124.83	-13.84	29.8	-7.87	19.69
EBIT, 5 Yr. CAGR %	124.83	-13.84	29.8	-7.87	19.69
Earnings From Cont. Operations, 5 Yr. CAGR %	-24.58	-7.07	70.44	-52.14	-16.81
Net Income, 5 Yr. CAGR %	-24.58	-7.07	70.44	-41.91	-17.07
Normalized Net Income, 5 Yr. CAGR %	-18.29	6.3	41.51	-0.68	65.04
Diluted EPS Before Extra, 5 Yr. CAGR %	-24.59	-7.07	70.78	-41.93	-17
Accounts Receivable, 5 Yr. CAGR %	2.63	8	1.94	19.39	9.79
Inventory, 5 Yr. CAGR %	-21.52	-20.79	-19.13	-7.27	8.75
Net Property, Plant and Equip., 5 Yr. CAGR %	114.84	127.94	104.43	73.39	75.72
Total Assets, 5 Yr. CAGR %	7.29	10.73	10.91	10.23	14.98
Tangible Book Value, 5 Yr. CAGR %	-1.91	5.25	6.42	5.9	7.9
Common Equity, 5 Yr. CAGR %	1.07	7.44	8.52	7.99	10.13
Cash From Operations, 5 Yr. CAGR %	-59.42	10.96	0.86	1	121.12
Capital Expenditures, 5 Yr. CAGR %	-	54.45	5.94	-45.25	41.38
Levered Free Cash Flow, 5 Yr. CAGR %	24.37	3.62	-21.05	2.42	196.96
Unlevered Free Cash Flow, 5 Yr. CAGR %	26.95	35.15	-21.77	49.75	127.01