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	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Operating Revenue	215,747	202,682	177,344	153,682	141,087	129,677
Revenue	215,747	202,682	177,344	153,682	141,087	129,677
Revenue Growth (YoY)	18.71%	14.29%	15.40%	8.93%	8.80%	6.61%
Cost of Revenue	112,890	108,659	101,814	91,192	80,255	71,688
Gross Profit	102,858	94,024	75,530	62,490	60,832	57,989
Selling, General & Admin	26,314	25,359	23,667	21,593	19,599	20,747
Other Operating Expenses	18,483	17,219	10,735	7,474	8,237	9,499
Operating Expenses	49,246	47,010	38,691	33,078	31,709	33,965
Operating Income	53,612	47,014	36,839	29,412	29,123	24,023
Interest Expense	-67.8	-68.6	-145.8	-46.6	-58.1	-29.6
Interest & Investment Income	5,873	5,873	2,634	1,796	638.8	925.7
Earnings From Equity Investments	423.4	421.3	458.9	457.6	304.2	320.9
Currency Exchange Gain (Loss)	523.4	523.4	63.7	414.8	560.5	-182.7
Other Non Operating Income (Expenses)	864	23.5	13.5	23.4	17.6	45.3
EBT Excluding Unusual Items	61,227	53,786	39,864	32,057	30,586	25,103
Gain (Loss) on Sale of Investments	193.9	193.9	58.7	58.7	-	-
Gain (Loss) on Sale of Assets	70.2	70.2	15.2	4.5	12.1	2.1
Asset Writedown	-966.6	-966.6	-249.4	-	-875.6	-
Pretax Income	60,525	53,083	39,688	32,120	29,722	25,105
Income Tax Expense	15,115	13,231	9,826	8,118	8,724	6,858
Earnings From Continuing Operations	45,410	39,852	29,862	24,002	20,998	18,247
Minority Interest in Earnings	-8.5	-7.2	-18.2	-13.5	-8.2	-8.7
Net Income	45,401	39,845	29,844	23,989	20,989	18,239
Net Income to Common	45,401	39,845	29,844	23,989	20,989	18,239
Net Income Growth	36.63%	33.51%	24.41%	14.29%	15.08%	-3.32%
Shares Outstanding (Basic)	7,312	7,310	7,310	7,310	7,310	7,310
Shares Outstanding (Diluted)	7,312	7,310	7,310	7,310	7,310	7,310
Shares Change (YoY)	-0.11%	-	-	-	-	-
EPS (Basic)	6.21	5.45	4.08	3.28	2.87	2.50
EPS (Diluted)	6.21	5.45	4.08	3.28	2.87	2.50
EPS Growth	36.77%	33.49%	24.41%	14.29%	15.08%	-3.29%
Free Cash Flow	11,953	40,070	6,088	36,527	46,240	18,082
Free Cash Flow Per Share	1.63	5.48	0.83	5.00	6.33	2.47
Dividend Per Share	1.500	2.200	1.800	1.500	1.333	0.933
Dividend Growth	-21.05%	22.22%	20.00%	12.50%	42.86%	-17.65%
Gross Margin	47.67%	46.39%	42.59%	40.66%	43.12%	44.72%
Operating Margin	24.85%	23.20%	20.77%	19.14%	20.64%	18.53%
Profit Margin	21.04%	19.66%	16.83%	15.61%	14.88%	14.06%
Free Cash Flow Margin	5.54%	19.77%	3.43%	23.77%	32.77%	13.94%
EBITDA	57,759	51,144	40,883	33,232	32,892	27,687
EBITDA Margin	26.77%	25.23%	23.05%	21.62%	23.31%	21.35%
D&A For EBITDA	4,147	4,131	4,043	3,820	3,770	3,664
EBIT	53,612	47,014	36,839	29,412	29,123	24,023
EBIT Margin	24.85%	23.20%	20.77%	19.14%	20.64%	18.53%
Effective Tax Rate	24.97%	24.92%	24.76%	25.27%	29.35%	27.32%
Revenue as Reported	223,289	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.