Havells India Limited (NSE:HAVELLS)

Altus Power 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
Revenue	214,272	217,781	185,900	169,107	139,385	104,573
Revenue Growth (YoY)	9.53%	17.15%	9.93%	21.32%	33.29%	10.77%
Cost of Revenue	143,807	147,062	126,437	117,708	94,220	65,475
Gross Profit	70,465	70,719	59,463	51,399	45,165	39,098
Selling, General & Admin	25,311	25,227	21,251	17,515	10,207	10,888
Other Operating Expenses	23,821	23,596	19,609	17,708	17,340	12,467
Operating Expenses	53,712	53,263	44,422	38,368	30,155	25,859
Operating Income	16,753	17,456	15,041	13,031	15,010	13,240
Interest Expense	-365.3	-357.2	-336	-278.4	-471.7	-684.7
Interest & Investment Income	2,256	2,256	1,849	1,232	1,045	1,076
Currency Exchange Gain (Loss)	389.2	389.2	336.7	221.3	327.8	235.3
Other Non Operating Income (Expenses)	60.6	142.1	80.3	265.6	158.5	46.4
EBT Excluding Unusual Items	19,093	19,885	16,971	14,472	16,069	13,912
Gain (Loss) on Sale of Investments	-	-	-	-	9.7	-11
Gain (Loss) on Sale of Assets	-151	-151	102.7	-1.4	-14.3	403.9
Other Unusual Items	-	-	-	-1,125	1.5	70.3
Pretax Income	19,112	19,905	17,074	14,471	16,066	14,376
Income Tax Expense	5,010	5,203	4,366	3,753	4,101	3,932
Earnings From Continuing Operations	14,103	14,702	12,708	10,717	11,965	10,443
Net Income to Company	14,103	14,702	12,708	10,717	11,965	10,443
Minority Interest in Earnings	18.2	20.2	-	-	-	-
Net Income	14,121	14,723	12,708	10,717	11,965	10,443
Net Income to Common	14,121	14,723	12,708	10,717	11,965	10,443
Net Income Growth	1.47%	15.86%	18.57%	-10.43%	14.57%	42.02%
Shares Outstanding (Basic)	626	627	627	626	626	626
Shares Outstanding (Diluted)	627	627	627	627	626	626
Shares Change (YoY)	-0.13%	0.05%	0.03%	0.04%	0.04%	0.04%
EPS (Basic)	22.54	23.49	20.28	17.11	19.11	16.68
EPS (Diluted)	22.54	23.48	20.28	17.11	19.10	16.68
EPS Growth	1.55%	15.79%	18.54%	-10.44%	14.51%	41.94%
Free Cash Flow	-	7,493	11,668	-228.5	14,697	4,104
Free Cash Flow Per Share	-	11.95	18.62	-0.36	23.47	6.56
Dividend Per Share	-	10.000	9.000	7.500	7.500	6.500
Dividend Growth	-	11.11%	20.00%	-	15.38%	62.50%
Gross Margin	32.89%	32.47%	31.99%	30.39%	32.40%	37.39%
Operating Margin	7.82%	8.02%	8.09%	7.71%	10.77%	12.66%
Profit Margin	6.59%	6.76%	6.84%	6.34%	8.58%	9.99%
Free Cash Flow Margin	-	3.44%	6.28%	-0.14%	10.54%	3.92%
EBITDA	19,952	20,539	17,665	15,412	17,117	15,305
EBITDA Margin	9.31%	9.43%	9.50%	9.11%	12.28%	14.64%
D&A For EBITDA	3,199	3,084	2,623	2,381	2,108	2,065
EBIT	16,753	17,456	15,041	13,031	15,010	13,240
EBIT Margin	7.82%	8.02%	8.09%	7.71%	10.77%	12.66%
Effective Tax Rate	26.21%	26.14%	25.57%	25.94%	25.53%	27.36%
Revenue as Reported	217,223	220,813	188,390	170,884	140,989	106,447
Advertising Expenses	-	6,224	5,274	4,374	-	1,664

Updated Jan 16, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.