Bharat Electronics Income Statement

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	276,101	237,688	202,682	177,344	153,682
Revenue Growth (YoY)	16.16%	17.27%	14.29%	15.40%	8.93%
Cost of Revenue	140,332	124,464	108,659	101,814	91,192
Gross Profit	135,770	113,223	94,024	75,530	62,490
Selling, General & Admin	31,156	28,103	25,359	23,667	21,593
Other Operating Expenses	24,121	16,752	17,219	10,735	7,474
Operating Expenses	60,833	49,529	47,010	38,691	33,078
Operating Income	74,937	63,694	47,014	36,839	29,412
Interest Expense	-67.3	-93.9	-68.6	-145.8	-46.6
Interest & Investment Income	-	6,478	5,873	2,634	1,796
Earnings From Equity Investments	387.9	355.3	421.3	458.9	457.6
Currency Exchange Gain (Loss)	-	675.8	523.4	63.7	414.8
Other Non Operating Income (Expenses)	5,660	18.2	23.5	13.5	23.4
EBT Excluding Unusual Items	80,918	71,127	53,786	39,864	32,057
Gain (Loss) on Sale of Investments	-	205.3	193.9	58.7	58.7
Gain (Loss) on Sale of Assets	-	25.5	70.2	15.2	4.5
Asset Writedown	-	-12.9	-966.6	-249.4	-
Pretax Income	80,918	71,345	53,083	39,688	32,120
Income Tax Expense	20,295	18,119	13,231	9,826	8,118
Earnings From Continuing Operations	60,623	53,227	39,852	29,862	24,002
Minority Interest in Earnings	-2.6	-12.4	-7.2	-18.2	-13.5
Net Income	60,620	53,214	39,845	29,844	23,989
Net Income to Common	60,620	53,214	39,845	29,844	23,989
Net Income Growth	13.92%	33.55%	33.51%	24.41%	14.29%
Shares Outstanding (Basic)	7,312	7,310	7,310	7,310	7,310
Shares Outstanding (Diluted)	7,312	7,310	7,310	7,310	7,310
Shares Change (YoY)	0.04%	-	-	-	-
EPS (Basic)	8.29	7.28	5.45	4.08	3.28
EPS (Diluted)	8.29	7.28	5.45	4.08	3.28
EPS Growth	13.88%	33.58%	33.49%	24.41%	14.29%
Free Cash Flow	5,560	-4,247	40,070	6,088	36,527
Free Cash Flow Per Share	0.76	-0.58	5.48	0.83	5.00
Dividend Per Share	2.500	2.400	2.200	1.800	1.500
Dividend Growth	4.17%	9.09%	22.22%	20.00%	12.50%
Gross Margin	49.17%	47.63%	46.39%	42.59%	40.66%
Operating Margin	27.14%	26.80%	23.20%	20.77%	19.14%
Profit Margin	21.96%	22.39%	19.66%	16.83%	15.61%
Free Cash Flow Margin	2.01%	-1.79%	19.77%	3.43%	23.77%
EBITDA	80,493	68,104	51,144	40,883	33,232
EBITDA Margin	29.15%	28.65%	25.23%	23.05%	21.62%
D&A For EBITDA	5,557	4,409	4,131	4,043	3,820
EBIT	74,937	63,694	47,014	36,839	29,412
EBIT Margin	27.14%	26.80%	23.20%	20.77%	19.14%
Effective Tax Rate	25.08%	25.40%	24.93%	24.76%	25.27%
Revenue as Reported	281,761	245,111	209,384	180,152	155,997
Advertising Expenses	-	145.5	132.7	176.8	28.9

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