Bharat Electronics Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021	2016 - 2020
Operating Revenue	251,521	237,688	202,682	177,344	153,682	141,087	Upgrade
Revenue	251,521	237,688	202,682	177,344	153,682	141,087	Upgrade
Revenue Growth (YoY)	16.58%	17.27%	14.29%	15.40%	8.93%	8.80%	Upgrade
Cost of Revenue	129,041	124,464	108,659	101,814	91,192	80,255	Upgrade
Gross Profit	122,480	113,223	94,024	75,530	62,490	60,832	Upgrade
Selling, General & Admin	29,520	28,103	25,359	23,667	21,593	19,599	Upgrade
Other Operating Expenses	18,682	16,765	17,219	10,735	7,474	8,237	Upgrade
Operating Expenses	53,160	49,542	47,010	38,691	33,078	31,709	Upgrade
Operating Income	69,320	63,681	47,014	36,839	29,412	29,123	Upgrade
Interest Expense	-99.8	-93.9	-68.6	-145.8	-46.6	-58.1	Upgrade
Interest & Investment Income	6,478	6,478	5,873	2,634	1,796	638.8	Upgrade
Earnings From Equity Investments	334.6	355.3	421.3	458.9	457.6	304.2	Upgrade
Currency Exchange Gain (Loss)	675.8	675.8	523.4	63.7	414.8	560.5	Upgrade
Other Non Operating Income (Expenses)	-422.8	18.2	23.5	13.5	23.4	17.6	Upgrade
EBT Excluding Unusual Items	76,286	71,115	53,786	39,864	32,057	30,586	Upgrade
Gain (Loss) on Sale of Investments	205.3	205.3	193.9	58.7	58.7	-	Upgrade
Gain (Loss) on Sale of Assets	25.5	25.5	70.2	15.2	4.5	12.1	Upgrade
Asset Writedown	-	-	-966.6	-249.4	-	-875.6	Upgrade
Pretax Income	76,517	71,345	53,083	39,688	32,120	29,722	Upgrade
Income Tax Expense	19,568	18,119	13,231	9,826	8,118	8,724	Upgrade
Earnings From Continuing Operations	56,948	53,227	39,852	29,862	24,002	20,998	Upgrade
Minority Interest in Earnings	8.4	-12.4	-7.2	-18.2	-13.5	-8.2	Upgrade
Net Income	56,957	53,214	39,845	29,844	23,989	20,989	Upgrade
Net Income to Common	56,957	53,214	39,845	29,844	23,989	20,989	Upgrade
Net Income Growth	25.45%	33.55%	33.51%	24.41%	14.29%	15.08%	Upgrade
Shares Outstanding (Basic)	7,313	7,310	7,310	7,310	7,310	7,310	Upgrade
Shares Outstanding (Diluted)	7,313	7,310	7,310	7,310	7,310	7,310	Upgrade
Shares Change (YoY)	0.01%	-	-	-	-	-	Upgrade
EPS (Basic)	7.79	7.28	5.45	4.08	3.28	2.87	Upgrade
EPS (Diluted)	7.79	7.28	5.45	4.08	3.28	2.87	Upgrade
EPS Growth	25.45%	33.58%	33.49%	24.41%	14.29%	15.08%	Upgrade
Free Cash Flow	9,522	-4,247	40,070	6,088	36,527	46,240	Upgrade
Free Cash Flow Per Share	1.30	-0.58	5.48	0.83	5.00	6.33	Upgrade
Dividend Per Share	-	2.400	2.200	1.800	1.500	1.333	Upgrade
Dividend Growth	-	9.09%	22.22%	20.00%	12.50%	42.86%	Upgrade
Gross Margin	48.70%	47.63%	46.39%	42.59%	40.66%	43.12%	Upgrade
Operating Margin	27.56%	26.79%	23.20%	20.77%	19.14%	20.64%	Upgrade
Profit Margin	22.64%	22.39%	19.66%	16.83%	15.61%	14.88%	Upgrade
Free Cash Flow Margin	3.79%	-1.79%	19.77%	3.43%	23.77%	32.77%	Upgrade
EBITDA	74,014	68,091	51,144	40,883	33,232	32,892	Upgrade
EBITDA Margin	29.43%	28.65%	25.23%	23.05%	21.62%	23.31%	Upgrade
D&A For EBITDA	4,694	4,409	4,131	4,043	3,820	3,770	Upgrade
EBIT	69,320	63,681	47,014	36,839	29,412	29,123	Upgrade
EBIT Margin	27.56%	26.79%	23.20%	20.77%	19.14%	20.64%	Upgrade
Effective Tax Rate	25.57%	25.40%	24.93%	24.76%	25.27%	29.35%	Upgrade
Revenue as Reported	258,504	245,111	209,384	180,152	155,997	142,337	Upgrade
Advertising Expenses	-	145.5	132.7	176.8	28.9	40.4	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.