Havells India 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	225,278	217,781	185,900	169,107	139,385
Revenue Growth (YoY)	3.44%	17.15%	9.93%	21.32%	33.29%
Cost of Revenue	150,795	147,062	126,437	117,708	94,220
Gross Profit	74,482	70,719	59,463	51,399	45,165
Selling, General & Admin	25,903	25,227	21,251	17,515	10,207
Other Operating Expenses	26,564	23,596	19,609	17,708	17,340
Operating Expenses	56,805	53,263	44,422	38,368	30,155
Operating Income	17,677	17,456	15,041	13,031	15,010
Interest Expense	-373	-357.2	-336	-278.4	-471.7
Interest & Investment Income	-	2,256	1,849	1,232	1,045
Earnings From Equity Investments	297.8	-	-	-	-
Currency Exchange Gain (Loss)	-	389.2	336.7	221.3	327.8
Other Non Operating Income (Expenses)	4,944	142.1	80.3	265.6	158.5
EBT Excluding Unusual Items	22,546	19,885	16,971	14,472	16,069
Gain (Loss) on Sale of Investments	-	-	-	-	9.7
Gain (Loss) on Sale of Assets	-	-151	102.7	-1.4	-14.3
Other Unusual Items	-450.3	-	-	-1,125	1.5
Pretax Income	22,096	19,905	17,074	14,471	16,066
Income Tax Expense	5,203	5,203	4,366	3,753	4,101
Earnings From Continuing Operations	16,893	14,702	12,708	10,717	11,965
Net Income to Company	16,893	14,702	12,708	10,717	11,965
Minority Interest in Earnings	13.1	20.2	-	-	-
Net Income	16,906	14,723	12,708	10,717	11,965
Net Income to Common	16,906	14,723	12,708	10,717	11,965
Net Income Growth	14.83%	15.86%	18.57%	-10.43%	14.57%
Shares Outstanding (Basic)	627	627	627	626	626
Shares Outstanding (Diluted)	628	627	627	627	626
Shares Change (YoY)	0.08%	0.05%	0.03%	0.04%	0.04%
EPS (Basic)	26.95	23.49	20.28	17.11	19.11
EPS (Diluted)	26.94	23.48	20.28	17.11	19.10
EPS Growth	14.74%	15.79%	18.54%	-10.44%	14.51%
Free Cash Flow	875.4	7,493	11,668	-228.5	14,697
Free Cash Flow Per Share	1.40	11.95	18.62	-0.36	23.47
Dividend Per Share	10.000	10.000	9.000	7.500	7.500
Dividend Growth	-	11.11%	20.00%	-	15.38%
Gross Margin	33.06%	32.47%	31.99%	30.39%	32.40%
Operating Margin	7.85%	8.02%	8.09%	7.71%	10.77%
Profit Margin	7.50%	6.76%	6.84%	6.34%	8.58%
Free Cash Flow Margin	0.39%	3.44%	6.28%	-0.14%	10.54%
EBITDA	21,997	20,539	17,665	15,412	17,117
EBITDA Margin	9.76%	9.43%	9.50%	9.11%	12.28%
D&A For EBITDA	4,319	3,084	2,623	2,381	2,108
EBIT	17,677	17,456	15,041	13,031	15,010
EBIT Margin	7.85%	8.02%	8.09%	7.71%	10.77%
Effective Tax Rate	23.55%	26.14%	25.57%	25.94%	25.53%
Revenue as Reported	230,222	220,813	188,390	170,884	140,989
Advertising Expenses	6,066	6,224	5,274	4,374	-

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.