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
Period Ending	Dec '25 Dec 31, 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
Operating Revenue	265,353	237,688	202,682	177,344	153,682	141,087
Revenue	265,353	237,688	202,682	177,344	153,682	141,087
Revenue Growth (YoY)	14.46%	17.27%	14.29%	15.40%	8.93%	8.80%
Cost of Revenue	137,473	124,464	108,659	101,814	91,192	80,255
Gross Profit	127,880	113,223	94,024	75,530	62,490	60,832
Selling, General & Admin	30,999	28,103	25,359	23,667	21,593	19,599
Other Operating Expenses	18,026	16,765	17,219	10,735	7,474	8,237
Operating Expenses	54,228	49,542	47,010	38,691	33,078	31,709
Operating Income	73,653	63,681	47,014	36,839	29,412	29,123
Interest Expense	-106.9	-93.9	-68.6	-145.8	-46.6	-58.1
Interest & Investment Income	6,478	6,478	5,873	2,634	1,796	638.8
Earnings From Equity Investments	326.4	355.3	421.3	458.9	457.6	304.2
Currency Exchange Gain (Loss)	675.8	675.8	523.4	63.7	414.8	560.5
Other Non Operating Income (Expenses)	-901.2	18.2	23.5	13.5	23.4	17.6
EBT Excluding Unusual Items	80,124	71,115	53,786	39,864	32,057	30,586
Gain (Loss) on Sale of Investments	205.3	205.3	193.9	58.7	58.7	-
Gain (Loss) on Sale of Assets	25.5	25.5	70.2	15.2	4.5	12.1
Asset Writedown	-	-	-966.6	-249.4	-	-875.6
Pretax Income	80,355	71,345	53,083	39,688	32,120	29,722
Income Tax Expense	20,726	18,119	13,231	9,826	8,118	8,724
Earnings From Continuing Operations	59,629	53,227	39,852	29,862	24,002	20,998
Minority Interest in Earnings	8.9	-12.4	-7.2	-18.2	-13.5	-8.2
Net Income	59,638	53,214	39,845	29,844	23,989	20,989
Net Income to Common	59,638	53,214	39,845	29,844	23,989	20,989
Net Income Growth	19.48%	33.55%	33.51%	24.41%	14.29%	15.08%
Shares Outstanding (Basic)	7,309	7,310	7,310	7,310	7,310	7,310
Shares Outstanding (Diluted)	7,309	7,310	7,310	7,310	7,310	7,310
Shares Change (YoY)	0.04%	-	-	-	-	-
EPS (Basic)	8.16	7.28	5.45	4.08	3.28	2.87
EPS (Diluted)	8.16	7.28	5.45	4.08	3.28	2.87
EPS Growth	19.44%	33.58%	33.49%	24.41%	14.29%	15.08%
Free Cash Flow	-	-4,247	40,070	6,088	36,527	46,240
Free Cash Flow Per Share	-	-0.58	5.48	0.83	5.00	6.33
Dividend Per Share	0.900	2.400	2.200	1.800	1.500	1.333
Dividend Growth	-60.87%	9.09%	22.22%	20.00%	12.50%	42.86%
Gross Margin	48.19%	47.63%	46.39%	42.59%	40.66%	43.12%
Operating Margin	27.76%	26.79%	23.20%	20.77%	19.14%	20.64%
Profit Margin	22.48%	22.39%	19.66%	16.83%	15.61%	14.88%
Free Cash Flow Margin	-	-1.79%	19.77%	3.43%	23.77%	32.77%
EBITDA	78,271	68,091	51,144	40,883	33,232	32,892
EBITDA Margin	29.50%	28.65%	25.23%	23.05%	21.62%	23.31%
D&A For EBITDA	4,619	4,409	4,131	4,043	3,820	3,770
EBIT	73,653	63,681	47,014	36,839	29,412	29,123
EBIT Margin	27.76%	26.79%	23.20%	20.77%	19.14%	20.64%
Effective Tax Rate	25.79%	25.40%	24.93%	24.76%	25.27%	29.35%
Revenue as Reported	271,857	245,111	209,384	180,152	155,997	142,337
Advertising Expenses	-	145.5	132.7	176.8	28.9	40.4

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.