HEG Limited (NSE:HEG)

HEG Limited 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	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Operating Revenue	23,368	21,597	23,949	24,672	22,016	12,562
Revenue	23,368	21,597	23,949	24,672	22,016	12,562
Revenue Growth (YoY)	3.93%	-9.82%	-2.93%	12.06%	75.26%	-41.54%
Cost of Revenue	9,499	9,038	11,514	9,151	8,290	8,091
Gross Profit	13,869	12,559	12,435	15,521	13,726	4,471
Selling, General & Admin	1,174	1,040	956.36	924.22	803.69	548.97
Other Operating Expenses	8,021	7,729	7,640	8,395	7,609	4,443
Operating Expenses	11,314	10,775	10,343	10,342	9,205	5,723
Operating Income	2,555	1,784	2,092	5,179	4,521	-1,252
Interest Expense	-309.06	-316.16	-357.25	-258.88	-74.25	-112.62
Interest & Investment Income	216.71	216.71	455.64	527.82	335.97	299.27
Earnings From Equity Investments	1.2	174.8	816.62	781.5	404.61	73.61
Currency Exchange Gain (Loss)	-60.47	-60.47	16.15	69.42	10.86	49.51
Other Non Operating Income (Expenses)	1,254	95.78	286.05	222.4	67.78	53.24
EBT Excluding Unusual Items	3,658	1,895	3,310	6,521	5,266	-889.01
Gain (Loss) on Sale of Investments	-465.32	-465.32	81.4	203.35	341.83	611.08
Gain (Loss) on Sale of Assets	-0.72	-0.72	12.86	-3.43	-28.14	-59.4
Other Unusual Items	175	175	549.97	52.88	25.17	103.36
Pretax Income	3,367	1,604	3,954	6,774	5,605	-233.97
Income Tax Expense	787.73	453.13	836.97	1,450	1,294	-54.59
Net Income	2,579	1,151	3,117	5,324	4,310	-179.38
Net Income to Common	2,579	1,151	3,117	5,324	4,310	-179.38
Net Income Growth	41.77%	-63.09%	-41.46%	23.52%	-	-
Shares Outstanding (Basic)	193	193	193	193	193	193
Shares Outstanding (Diluted)	193	193	193	193	193	193
Shares Change (YoY)	0.05%	-	-	-	-	-
EPS (Basic)	13.36	5.96	16.15	27.59	22.34	-0.93
EPS (Diluted)	13.36	5.96	16.15	27.59	22.34	-0.93
EPS Growth	41.70%	-63.10%	-41.46%	23.52%	-	-
Free Cash Flow	2,930	974.75	2,707	-3,664	-5,001	4,597
Free Cash Flow Per Share	15.18	5.05	14.03	-18.99	-25.92	23.82
Dividend Per Share	-	1.800	4.500	8.500	8.000	0.600
Dividend Growth	-	-60.00%	-47.06%	6.25%	1233.33%	-88.00%
Gross Margin	59.35%	58.15%	51.92%	62.91%	62.34%	35.59%
Operating Margin	10.94%	8.26%	8.74%	20.99%	20.53%	-9.97%
Profit Margin	11.04%	5.33%	13.01%	21.58%	19.58%	-1.43%
Free Cash Flow Margin	12.54%	4.51%	11.30%	-14.85%	-22.72%	36.60%
EBITDA	4,665	3,780	3,831	6,196	5,306	-529.76
EBITDA Margin	19.96%	17.50%	16.00%	25.11%	24.10%	-4.22%
D&A For EBITDA	2,110	1,996	1,738	1,017	785.08	722.28
EBIT	2,555	1,784	2,092	5,179	4,521	-1,252
EBIT Margin	10.94%	8.26%	8.74%	20.99%	20.53%	-9.97%
Effective Tax Rate	23.40%	28.26%	21.17%	21.40%	23.09%	-
Revenue as Reported	25,802	22,873	25,366	25,764	22,812	13,691

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