Hikal 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
Operating Revenue	17,445	18,598	17,846	20,230	19,427	17,204
Other Revenue	11	-	-	-	-	-
Revenue	17,456	18,598	17,846	20,230	19,427	17,204
Revenue Growth (YoY)	-4.17%	4.21%	-11.79%	4.13%	12.92%	14.14%
Cost of Revenue	8,516	9,116	8,910	11,600	10,426	9,476
Gross Profit	8,940	9,482	8,936	8,630	9,001	7,728
Selling, General & Admin	2,682	2,488	2,486	2,252	2,082	1,681
Other Operating Expenses	3,874	3,710	3,778	3,800	3,510	2,812
Operating Expenses	8,151	7,542	7,440	7,143	6,549	5,346
Operating Income	789	1,940	1,496	1,488	2,452	2,382
Interest Expense	-629	-727	-534	-434.86	-278.28	-319.45
Interest & Investment Income	6	6	17	19.56	17.56	26.68
Currency Exchange Gain (Loss)	39	39	-	21.26	23.17	12.89
Other Non Operating Income (Expenses)	-13	-25	-30	-46.1	-31.21	-32.4
EBT Excluding Unusual Items	192	1,233	949	1,047	2,184	2,070
Gain (Loss) on Sale of Investments	4	4	4	13.23	1.4	0.12
Gain (Loss) on Sale of Assets	1	1	2	-6.96	0.52	-
Legal Settlements	-	-	-	-	-	-5.87
Other Unusual Items	-380	-	-	-	-	-
Pretax Income	-183	1,238	955	1,054	2,186	2,064
Income Tax Expense	-53	330	259	269.83	580.6	732.85
Net Income	-130	908	696	783.82	1,605	1,331
Net Income to Common	-130	908	696	783.82	1,605	1,331
Net Income Growth	-	30.46%	-11.20%	-51.16%	20.55%	57.68%
Shares Outstanding (Basic)	123	123	123	123	123	123
Shares Outstanding (Diluted)	123	123	123	123	123	123
EPS (Basic)	-1.06	7.36	5.64	6.36	13.02	10.80
EPS (Diluted)	-1.06	7.36	5.64	6.36	13.02	10.80
EPS Growth	-	30.46%	-11.20%	-51.16%	20.55%	57.68%
Free Cash Flow	-	1,431	-175	126.89	204.19	714.19
Free Cash Flow Per Share	-	11.61	-1.42	1.03	1.66	5.79
Dividend Per Share	1.000	1.400	1.200	1.200	1.600	2.000
Dividend Growth	-16.67%	16.67%	-	-25.00%	-20.00%	66.67%
Gross Margin	51.21%	50.98%	50.07%	42.66%	46.33%	44.92%
Operating Margin	4.52%	10.43%	8.38%	7.35%	12.62%	13.85%
Profit Margin	-0.74%	4.88%	3.90%	3.87%	8.26%	7.74%
Free Cash Flow Margin	-	7.69%	-0.98%	0.63%	1.05%	4.15%
EBITDA	2,246	3,271	2,659	2,560	3,391	3,216
EBITDA Margin	12.87%	17.59%	14.90%	12.66%	17.45%	18.69%
D&A For EBITDA	1,457	1,331	1,163	1,073	938.12	833.59
EBIT	789	1,940	1,496	1,488	2,452	2,382
EBIT Margin	4.52%	10.43%	8.38%	7.35%	12.62%	13.85%
Effective Tax Rate	-	26.66%	27.12%	25.61%	26.57%	35.50%
Revenue as Reported	17,518	18,648	17,871	20,284	19,476	17,254
Advertising Expenses	-	1	1	2.42	7.39	2.65

Source: S&P Global Market Intelligence. Standard template. Financial Sources.