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
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
Revenue	223,661	217,781	185,900	169,107	139,385	104,573
Revenue Growth (YoY)	8.17%	17.15%	9.93%	21.32%	33.29%	10.77%
Cost of Revenue	150,195	147,062	126,437	117,708	94,220	65,475
Gross Profit	73,466	70,719	59,463	51,399	45,165	39,098
Selling, General & Admin	25,491	25,227	21,251	17,515	10,207	10,888
Other Operating Expenses	25,115	23,596	19,609	17,708	17,340	12,467
Operating Expenses	55,341	53,263	44,422	38,368	30,155	25,859
Operating Income	18,126	17,456	15,041	13,031	15,010	13,240
Interest Expense	-351.3	-357.2	-336	-278.4	-471.7	-684.7
Interest & Investment Income	2,256	2,256	1,849	1,232	1,045	1,076
Earnings From Equity Investments	162.1	-	-	-	-	-
Currency Exchange Gain (Loss)	389.2	389.2	336.7	221.3	327.8	235.3
Other Non Operating Income (Expenses)	-222	142.1	80.3	265.6	158.5	46.4
EBT Excluding Unusual Items	20,359	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	-450.3	-	-	-1,125	1.5	70.3
Pretax Income	19,929	19,905	17,074	14,471	16,066	14,376
Income Tax Expense	5,100	5,203	4,366	3,753	4,101	3,932
Earnings From Continuing Operations	14,829	14,702	12,708	10,717	11,965	10,443
Net Income to Company	14,829	14,702	12,708	10,717	11,965	10,443
Minority Interest in Earnings	24.7	20.2	-	-	-	-
Net Income	14,853	14,723	12,708	10,717	11,965	10,443
Net Income to Common	14,853	14,723	12,708	10,717	11,965	10,443
Net Income Growth	6.01%	15.86%	18.57%	-10.43%	14.57%	42.02%
Shares Outstanding (Basic)	627	627	627	626	626	626
Shares Outstanding (Diluted)	627	627	627	627	626	626
Shares Change (YoY)	-0.15%	0.05%	0.03%	0.04%	0.04%	0.04%
EPS (Basic)	23.71	23.49	20.28	17.11	19.11	16.68
EPS (Diluted)	23.70	23.48	20.28	17.11	19.10	16.68
EPS Growth	6.11%	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	10.000	9.000	7.500	7.500	6.500
Dividend Growth	-	11.11%	20.00%	-	15.38%	62.50%
Gross Margin	32.85%	32.47%	31.99%	30.39%	32.40%	37.39%
Operating Margin	8.10%	8.02%	8.09%	7.71%	10.77%	12.66%
Profit Margin	6.64%	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	21,555	20,539	17,665	15,412	17,117	15,305
EBITDA Margin	9.64%	9.43%	9.50%	9.11%	12.28%	14.64%
D&A For EBITDA	3,429	3,084	2,623	2,381	2,108	2,065
EBIT	18,126	17,456	15,041	13,031	15,010	13,240
EBIT Margin	8.10%	8.02%	8.09%	7.71%	10.77%	12.66%
Effective Tax Rate	25.59%	26.14%	25.57%	25.94%	25.53%	27.36%
Revenue as Reported	226,330	220,813	188,390	170,884	140,989	106,447
Advertising Expenses	-	6,224	5,274	4,374	-	1,664

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