Bharat Heavy Electricals Limited (BOM:500103)

Bharat Heavy Electricals Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Operating Revenue	283,415	283,395	238,928	233,649	212,111	173,087
Revenue	283,415	283,395	238,928	233,649	212,111	173,087
Revenue Growth (YoY)	16.28%	18.61%	2.26%	10.15%	22.55%	-19.36%
Cost of Revenue	190,715	190,625	169,800	164,437	149,217	119,943
Gross Profit	92,700	92,770	69,128	69,213	62,894	53,144
Selling, General & Admin	60,161	59,885	56,895	57,651	55,820	54,420
Other Operating Expenses	19,542	16,210	6,783	6,237	-566.9	29,907
Operating Expenses	88,101	84,338	66,367	66,797	59,378	89,834
Operating Income	4,599	8,432	2,761	2,415	3,517	-36,690
Interest Expense	-7,288	-7,093	-6,011	-3,098	-625.4	-681.4
Interest & Investment Income	4,026	4,026	4,938	4,211	3,028	3,209
Earnings From Equity Investments	584.7	590.1	639.8	560.2	504.2	441.4
Currency Exchange Gain (Loss)	1,354	1,354	1,052	4,599	816.2	658.3
Other Non Operating Income (Expenses)	697.6	-45.4	-1,030	-1,862	-2,548	-2,880
EBT Excluding Unusual Items	3,973	7,264	2,349	6,826	4,692	-35,943
Gain (Loss) on Sale of Investments	57.6	57.6	-11.4	-1.6	-56.5	-35.1
Gain (Loss) on Sale of Assets	134.6	134.6	89.2	331.8	69	18.8
Pretax Income	4,166	7,456	2,427	7,156	4,705	-35,959
Income Tax Expense	1,268	2,117	-395.6	614.9	257.5	-8,962
Earnings From Continuing Operations	2,898	5,339	2,822	6,541	4,447	-26,997
Minority Interest in Earnings	-	-	-	-	13.2	25.9
Net Income	2,898	5,339	2,822	6,541	4,460	-26,971
Net Income to Common	2,898	5,339	2,822	6,541	4,460	-26,971
Net Income Growth	5.18%	89.18%	-56.85%	46.65%	-	-
Shares Outstanding (Basic)	3,485	3,482	3,482	3,482	3,482	3,482
Shares Outstanding (Diluted)	3,485	3,482	3,482	3,482	3,482	3,482
Shares Change (YoY)	0.11%	-	-	-	-	-
EPS (Basic)	0.83	1.53	0.81	1.88	1.28	-7.75
EPS (Diluted)	0.83	1.53	0.81	1.88	1.28	-7.75
EPS Growth	4.72%	88.89%	-56.88%	46.76%	-	-
Free Cash Flow	-	19,104	-39,454	-9,291	4,909	3,096
Free Cash Flow Per Share	-	5.49	-11.33	-2.67	1.41	0.89
Dividend Per Share	-	0.500	0.250	0.400	0.400	-
Dividend Growth	-	100.00%	-37.50%	-	-	-
Gross Margin	32.71%	32.73%	28.93%	29.62%	29.65%	30.70%
Operating Margin	1.62%	2.97%	1.16%	1.03%	1.66%	-21.20%
Profit Margin	1.02%	1.88%	1.18%	2.80%	2.10%	-15.58%
Free Cash Flow Margin	-	6.74%	-16.51%	-3.98%	2.31%	1.79%
EBITDA	6,702	10,558	4,975	4,689	6,235	-32,600
EBITDA Margin	2.37%	3.72%	2.08%	2.01%	2.94%	-18.83%
D&A For EBITDA	2,103	2,125	2,214	2,273	2,718	4,090
EBIT	4,599	8,432	2,761	2,415	3,517	-36,690
EBIT Margin	1.62%	2.97%	1.16%	1.03%	1.66%	-21.20%
Effective Tax Rate	30.43%	28.39%	-	8.59%	5.47%	-
Revenue as Reported	288,811	288,048	244,391	238,536	215,656	176,571
Advertising Expenses	-	22.9	30.8	36.2	19.4	15.5

Source: S&P Global Market Intelligence. Standard template. Financial Sources.