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Finance

P&L

Profit and Loss Statement

A summary of your income and expenses over a period that shows whether you made a profit or a loss. Also called the income statement.

Example

Revenue ₹10,00,000 minus ₹8,00,000 of costs shows a ₹2,00,000 profit on the P&L.

Related terms

EBITDA
A measure of a company's core operating profit, before accounting effects like interest, tax and asset write-downs. It shows how the business does at its heart.
COGS
The direct cost of producing what you sell — materials, manufacturing, delivery. Not overheads like rent or salaries of non-production staff.
Gross Margin
The share of each sale left over after the direct cost of making it — before overheads. Higher margins give you more room to grow.

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