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	2017 - 2021
Period Ending	Jun '25 Jun 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	2017 - 2021
Operating Revenue	239,649	237,688	202,682	177,344	153,682	141,087	Upgrade
Revenue	239,649	237,688	202,682	177,344	153,682	141,087	Upgrade
Revenue Growth (YoY)	14.23%	17.27%	14.29%	15.40%	8.93%	8.80%	Upgrade
Cost of Revenue	119,482	121,872	108,659	101,814	91,192	80,255	Upgrade
Gross Profit	120,167	115,815	94,024	75,530	62,490	60,832	Upgrade
Selling, General & Admin	27,905	27,606	25,359	23,667	21,593	19,599	Upgrade
Other Operating Expenses	21,024	19,872	17,219	10,735	7,474	8,237	Upgrade
Operating Expenses	53,734	52,152	47,010	38,691	33,078	31,709	Upgrade
Operating Income	66,433	63,663	47,014	36,839	29,412	29,123	Upgrade
Interest Expense	-99.4	-96.8	-68.6	-145.8	-46.6	-58.1	Upgrade
Interest & Investment Income	-	-	5,873	2,634	1,796	638.8	Upgrade
Earnings From Equity Investments	336.2	355.3	421.3	458.9	457.6	304.2	Upgrade
Currency Exchange Gain (Loss)	-	-	523.4	63.7	414.8	560.5	Upgrade
Other Non Operating Income (Expenses)	7,021	7,424	23.5	13.5	23.4	17.6	Upgrade
EBT Excluding Unusual Items	73,691	71,345	53,786	39,864	32,057	30,586	Upgrade
Gain (Loss) on Sale of Investments	-	-	193.9	58.7	58.7	-	Upgrade
Gain (Loss) on Sale of Assets	-	-	70.2	15.2	4.5	12.1	Upgrade
Asset Writedown	-	-	-966.6	-249.4	-	-875.6	Upgrade
Pretax Income	73,691	71,345	53,083	39,688	32,120	29,722	Upgrade
Income Tax Expense	18,686	18,119	13,231	9,826	8,118	8,724	Upgrade
Earnings From Continuing Operations	55,005	53,227	39,852	29,862	24,002	20,998	Upgrade
Minority Interest in Earnings	-1	-12.4	-7.2	-18.2	-13.5	-8.2	Upgrade
Net Income	55,004	53,214	39,845	29,844	23,989	20,989	Upgrade
Net Income to Common	55,004	53,214	39,845	29,844	23,989	20,989	Upgrade
Net Income Growth	29.82%	33.55%	33.51%	24.41%	14.29%	15.08%	Upgrade
Shares Outstanding (Basic)	7,302	7,310	7,310	7,310	7,310	7,310	Upgrade
Shares Outstanding (Diluted)	7,302	7,310	7,310	7,310	7,310	7,310	Upgrade
Shares Change (YoY)	-0.29%	-0.00%	-	-	-	-	Upgrade
EPS (Basic)	7.53	7.28	5.45	4.08	3.28	2.87	Upgrade
EPS (Diluted)	7.53	7.28	5.45	4.08	3.28	2.87	Upgrade
EPS Growth	30.19%	33.58%	33.49%	24.41%	14.29%	15.08%	Upgrade
Free Cash Flow	-	-4,247	40,070	6,088	36,527	46,240	Upgrade
Free Cash Flow Per Share	-	-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	50.14%	48.73%	46.39%	42.59%	40.66%	43.12%	Upgrade
Operating Margin	27.72%	26.78%	23.20%	20.77%	19.14%	20.64%	Upgrade
Profit Margin	22.95%	22.39%	19.66%	16.83%	15.61%	14.88%	Upgrade
Free Cash Flow Margin	-	-1.79%	19.77%	3.43%	23.77%	32.77%	Upgrade
EBITDA	71,242	68,337	51,144	40,883	33,232	32,892	Upgrade
EBITDA Margin	29.73%	28.75%	25.23%	23.05%	21.62%	23.31%	Upgrade
D&A For EBITDA	4,810	4,674	4,131	4,043	3,820	3,770	Upgrade
EBIT	66,433	63,663	47,014	36,839	29,412	29,123	Upgrade
EBIT Margin	27.72%	26.78%	23.20%	20.77%	19.14%	20.64%	Upgrade
Effective Tax Rate	25.36%	25.40%	24.93%	24.76%	25.27%	29.35%	Upgrade
Revenue as Reported	246,670	245,111	209,384	180,152	155,997	142,337	Upgrade
Advertising Expenses	-	-	132.7	176.8	28.9	40.4	Upgrade

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