Bharat Electronics Limited (BOM: 500049)

Bharat Electronics Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Operating Revenue	209,789	202,682	177,344	153,682	141,087	129,677
Revenue	209,789	202,682	177,344	153,682	141,087	129,677
Revenue Growth (YoY)	15.73%	14.29%	15.40%	8.93%	8.80%	6.61%
Cost of Revenue	109,012	108,659	101,814	91,192	80,255	71,688
Gross Profit	100,777	94,024	75,530	62,490	60,832	57,989
Selling, General & Admin	25,274	25,359	23,667	21,593	19,599	20,747
Other Operating Expenses	22,282	17,219	10,735	7,474	8,237	9,499
Operating Expenses	51,975	47,010	38,691	33,078	31,709	33,965
Operating Income	48,802	47,014	36,839	29,412	29,123	24,023
Interest Expense	-72.5	-68.6	-145.8	-46.6	-58.1	-29.6
Interest & Investment Income	-	5,873	2,634	1,796	638.8	925.7
Earnings From Equity Investments	424.2	421.3	458.9	457.6	304.2	320.9
Currency Exchange Gain (Loss)	-	523.4	63.7	414.8	560.5	-182.7
Other Non Operating Income (Expenses)	7,335	23.5	13.5	23.4	17.6	45.3
EBT Excluding Unusual Items	56,488	53,786	39,864	32,057	30,586	25,103
Gain (Loss) on Sale of Investments	-	193.9	58.7	58.7	-	-
Gain (Loss) on Sale of Assets	-	70.2	15.2	4.5	12.1	2.1
Asset Writedown	-	-966.6	-249.4	-	-875.6	-
Pretax Income	56,488	53,083	39,688	32,120	29,722	25,105
Income Tax Expense	14,109	13,231	9,826	8,118	8,724	6,858
Earnings From Continuing Operations	42,379	39,852	29,862	24,002	20,998	18,247
Minority Interest in Earnings	-8.8	-7.2	-18.2	-13.5	-8.2	-8.7
Net Income	42,370	39,845	29,844	23,989	20,989	18,239
Net Income to Common	42,370	39,845	29,844	23,989	20,989	18,239
Net Income Growth	34.20%	33.51%	24.41%	14.29%	15.08%	-3.32%
Shares Outstanding (Basic)	7,323	7,310	7,310	7,310	7,310	7,310
Shares Outstanding (Diluted)	7,323	7,310	7,310	7,310	7,310	7,310
Shares Change (YoY)	0.48%	-	-	-	-	-
EPS (Basic)	5.79	5.45	4.08	3.28	2.87	2.50
EPS (Diluted)	5.79	5.45	4.08	3.28	2.87	2.50
EPS Growth	33.56%	33.49%	24.41%	14.29%	15.08%	-3.29%
Free Cash Flow	-	40,070	6,088	36,527	46,240	18,082
Free Cash Flow Per Share	-	5.48	0.83	5.00	6.33	2.47
Dividend Per Share	-	2.200	1.800	1.500	1.333	0.933
Dividend Growth	-	22.22%	20.00%	12.50%	42.86%	-17.65%
Gross Margin	48.04%	46.39%	42.59%	40.66%	43.12%	44.72%
Operating Margin	23.26%	23.20%	20.77%	19.14%	20.64%	18.53%
Profit Margin	20.20%	19.66%	16.83%	15.61%	14.88%	14.06%
Free Cash Flow Margin	-	19.77%	3.43%	23.77%	32.77%	13.94%
EBITDA	53,331	51,144	40,883	33,232	32,892	27,687
EBITDA Margin	25.42%	25.23%	23.05%	21.62%	23.31%	21.35%
D&A For EBITDA	4,529	4,131	4,043	3,820	3,770	3,664
EBIT	48,802	47,014	36,839	29,412	29,123	24,023
EBIT Margin	23.26%	23.20%	20.77%	19.14%	20.64%	18.53%
Effective Tax Rate	24.98%	24.92%	24.76%	25.27%	29.35%	27.32%
Revenue as Reported	217,124	209,384	180,152	155,997	142,337	130,671
Advertising Expenses	-	132.7	176.8	28.9	40.4	-

Source: S&P Capital IQ. Standard template. Financial Sources.