Havells India 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	2016 - 2020
Period Ending	Sep '25 Sep 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	2016 - 2020
Revenue	216,672	217,781	185,900	169,107	139,385	104,573	Upgrade
Revenue Growth (YoY)	7.26%	17.15%	9.93%	21.32%	33.29%	10.77%	Upgrade
Cost of Revenue	144,811	147,062	126,437	117,708	94,220	65,475	Upgrade
Gross Profit	71,861	70,719	59,463	51,399	45,165	39,098	Upgrade
Selling, General & Admin	25,464	25,227	21,251	17,515	10,207	10,888	Upgrade
Other Operating Expenses	24,722	23,596	19,609	17,708	17,340	12,467	Upgrade
Operating Expenses	54,587	53,263	44,422	38,368	30,155	25,859	Upgrade
Operating Income	17,275	17,456	15,041	13,031	15,010	13,240	Upgrade
Interest Expense	-355.9	-357.2	-336	-278.4	-471.7	-684.7	Upgrade
Interest & Investment Income	2,256	2,256	1,849	1,232	1,045	1,076	Upgrade
Earnings From Equity Investments	48.2	-	-	-	-	-	Upgrade
Currency Exchange Gain (Loss)	389.2	389.2	336.7	221.3	327.8	235.3	Upgrade
Other Non Operating Income (Expenses)	-176.2	142.1	80.3	265.6	158.5	46.4	Upgrade
EBT Excluding Unusual Items	19,436	19,885	16,971	14,472	16,069	13,912	Upgrade
Gain (Loss) on Sale of Investments	-	-	-	-	9.7	-11	Upgrade
Gain (Loss) on Sale of Assets	-151	-151	102.7	-1.4	-14.3	403.9	Upgrade
Other Unusual Items	-	-	-	-1,125	1.5	70.3	Upgrade
Pretax Income	19,626	19,905	17,074	14,471	16,066	14,376	Upgrade
Income Tax Expense	5,018	5,203	4,366	3,753	4,101	3,932	Upgrade
Earnings From Continuing Operations	14,608	14,702	12,708	10,717	11,965	10,443	Upgrade
Net Income to Company	14,608	14,702	12,708	10,717	11,965	10,443	Upgrade
Minority Interest in Earnings	20.8	20.2	-	-	-	-	Upgrade
Net Income	14,629	14,723	12,708	10,717	11,965	10,443	Upgrade
Net Income to Common	14,629	14,723	12,708	10,717	11,965	10,443	Upgrade
Net Income Growth	3.69%	15.86%	18.57%	-10.43%	14.57%	42.02%	Upgrade
Shares Outstanding (Basic)	627	627	627	626	626	626	Upgrade
Shares Outstanding (Diluted)	627	627	627	627	626	626	Upgrade
Shares Change (YoY)	0.01%	0.05%	0.03%	0.04%	0.04%	0.04%	Upgrade
EPS (Basic)	23.32	23.49	20.28	17.11	19.11	16.68	Upgrade
EPS (Diluted)	23.32	23.48	20.28	17.11	19.10	16.68	Upgrade
EPS Growth	3.63%	15.79%	18.54%	-10.44%	14.51%	41.94%	Upgrade
Free Cash Flow	-7,284	7,493	11,668	-228.5	14,697	4,104	Upgrade
Free Cash Flow Per Share	-11.61	11.95	18.62	-0.36	23.47	6.56	Upgrade
Dividend Per Share	6.000	10.000	9.000	7.500	7.500	6.500	Upgrade
Dividend Growth	-40.00%	11.11%	20.00%	-	15.38%	62.50%	Upgrade
Gross Margin	33.17%	32.47%	31.99%	30.39%	32.40%	37.39%	Upgrade
Operating Margin	7.97%	8.02%	8.09%	7.71%	10.77%	12.66%	Upgrade
Profit Margin	6.75%	6.76%	6.84%	6.34%	8.58%	9.99%	Upgrade
Free Cash Flow Margin	-3.36%	3.44%	6.28%	-0.14%	10.54%	3.92%	Upgrade
EBITDA	20,607	20,539	17,665	15,412	17,117	15,305	Upgrade
EBITDA Margin	9.51%	9.43%	9.50%	9.11%	12.28%	14.64%	Upgrade
D&A For EBITDA	3,333	3,084	2,623	2,381	2,108	2,065	Upgrade
EBIT	17,275	17,456	15,041	13,031	15,010	13,240	Upgrade
EBIT Margin	7.97%	8.02%	8.09%	7.71%	10.77%	12.66%	Upgrade
Effective Tax Rate	25.57%	26.14%	25.57%	25.94%	25.53%	27.36%	Upgrade
Revenue as Reported	219,557	220,813	188,390	170,884	140,989	106,447	Upgrade
Advertising Expenses	-	6,224	5,274	4,374	-	1,664	Upgrade

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