HEC Infra Projects 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	1,723	1,121	737.9	517.34	437.25	375.6
Revenue Growth (YoY)	83.69%	51.92%	42.63%	18.32%	16.41%	-4.26%
Cost of Revenue	853.56	460.03	358.55	234.5	247.58	237.17
Gross Profit	869.01	660.96	379.35	282.84	189.67	138.43
Selling, General & Admin	43.46	38.53	34.11	33.4	36.53	29.02
Other Operating Expenses	625.84	482.95	291.04	206.71	122.2	83.49
Operating Expenses	669.42	522.88	326.81	242.31	161.08	114.81
Operating Income	199.59	138.08	52.54	40.53	28.59	23.62
Interest Expense	-27.29	-15.38	-8.18	-8.3	-10.2	-11.9
Interest & Investment Income	10.36	10.36	0.51	3.77	2.9	4.3
Other Non Operating Income (Expenses)	-20.54	-16.18	-10.04	-23.97	-15.77	-14.4
EBT Excluding Unusual Items	162.12	116.88	34.82	12.03	5.52	1.62
Gain (Loss) on Sale of Assets	0.15	0.15	31.36	-	0.06	-0.02
Pretax Income	162.26	117.02	66.19	12.03	5.58	1.6
Income Tax Expense	40.72	24.59	19.02	4.15	0.43	-1.5
Net Income	121.54	92.44	47.16	7.88	5.15	3.1
Net Income to Common	121.54	92.44	47.16	7.88	5.15	3.1
Net Income Growth	217.54%	95.99%	498.30%	53.22%	65.97%	-42.39%
Shares Outstanding (Basic)	11	10	10	10	10	10
Shares Outstanding (Diluted)	11	10	10	10	10	10
Shares Change (YoY)	5.48%	0.39%	-	-0.00%	-	-
EPS (Basic)	11.36	9.08	4.65	0.78	0.51	0.31
EPS (Diluted)	11.36	9.08	4.65	0.78	0.51	0.31
EPS Growth	201.16%	95.27%	498.02%	53.22%	65.97%	-42.31%
Free Cash Flow	-	-260	69.77	67.8	-36.4	14.2
Free Cash Flow Per Share	-	-25.55	6.88	6.69	-3.59	1.40
Gross Margin	50.45%	58.96%	51.41%	54.67%	43.38%	36.86%
Operating Margin	11.59%	12.32%	7.12%	7.83%	6.54%	6.29%
Profit Margin	7.06%	8.25%	6.39%	1.52%	1.18%	0.83%
Free Cash Flow Margin	-	-23.19%	9.46%	13.11%	-8.32%	3.78%
EBITDA	200.79	139.48	54.2	42.73	30.94	25.92
EBITDA Margin	11.66%	12.44%	7.34%	8.26%	7.08%	6.90%
D&A For EBITDA	1.21	1.4	1.66	2.2	2.35	2.3
EBIT	199.59	138.08	52.54	40.53	28.59	23.62
EBIT Margin	11.59%	12.32%	7.12%	7.83%	6.54%	6.29%
Effective Tax Rate	25.10%	21.01%	28.74%	34.47%	7.76%	-
Revenue as Reported	1,729	1,132	771.38	530.76	444.75	382.7
Advertising Expenses	-	0.11	0.1	0.07	0.06	0.02

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