HVAX Technologies Limited (NSE:HVAX)

HVAX Technologies 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	1,453	1,310	1,061	959.29	682.59	594.27
Revenue	1,453	1,310	1,061	959.29	682.59	594.27
Revenue Growth (YoY)	17.60%	23.54%	10.56%	40.54%	14.86%	32.53%
Cost of Revenue	1,040	923.73	787.18	731.76	503.12	494.61
Gross Profit	412.61	386.59	273.43	227.53	179.48	99.66
Selling, General & Admin	19.05	19.05	10.82	15.7	12.49	3.57
Other Operating Expenses	209.66	176.92	132.29	117.64	97.82	46.14
Operating Expenses	243.26	212.22	153.84	144.06	122.47	56.85
Operating Income	169.36	174.37	119.59	83.47	57.01	42.82
Interest Expense	-25.12	-23.4	-12.5	-5.87	-3.71	-4.85
Interest & Investment Income	3.05	3.05	1.82	1.67	1.57	1.78
Currency Exchange Gain (Loss)	-3.96	-3.96	4.22	-8.21	1.51	8.16
Other Non Operating Income (Expenses)	19.17	-1.31	-3.26	-1.16	-2.56	-0.75
EBT Excluding Unusual Items	162.51	148.77	109.87	69.9	53.82	47.16
Gain (Loss) on Sale of Investments	-	-	-	-	1.97	-
Gain (Loss) on Sale of Assets	0.84	0.84	7.9	-	-	2.19
Other Unusual Items	-	-	-3.6	-	-	-
Pretax Income	163.35	149.6	114.17	69.9	55.78	49.35
Income Tax Expense	41.94	39.16	29.02	17.86	13.97	14.57
Net Income	121.41	110.44	85.16	52.04	41.82	34.78
Net Income to Common	121.41	110.44	85.16	52.04	41.82	34.78
Net Income Growth	-0.05%	29.69%	63.65%	24.45%	20.23%	82.53%
Shares Outstanding (Basic)	3	2	2	2	2	2
Shares Outstanding (Diluted)	3	2	2	2	2	2
Shares Change (YoY)	37.55%	21.35%	7.13%	-	-0.01%	0.01%
EPS (Basic)	43.80	45.90	42.95	28.12	22.59	18.79
EPS (Diluted)	43.80	45.90	42.95	28.12	22.59	18.79
EPS Growth	-27.33%	6.87%	52.76%	24.45%	20.24%	82.51%
Free Cash Flow	-156.66	-222.58	-158.96	-37.17	-8.41	38.98
Free Cash Flow Per Share	-56.52	-92.52	-80.17	-20.09	-4.54	21.06
Gross Margin	28.40%	29.50%	25.78%	23.72%	26.29%	16.77%
Operating Margin	11.66%	13.31%	11.28%	8.70%	8.35%	7.21%
Profit Margin	8.36%	8.43%	8.03%	5.42%	6.13%	5.85%
Free Cash Flow Margin	-10.78%	-16.99%	-14.99%	-3.88%	-1.23%	6.56%
EBITDA	182.61	189.32	130.32	93.94	69.06	49.95
EBITDA Margin	12.57%	14.45%	12.29%	9.79%	10.12%	8.41%
D&A For EBITDA	13.25	14.95	10.73	10.47	12.05	7.14
EBIT	169.36	174.37	119.59	83.47	57.01	42.82
EBIT Margin	11.66%	13.31%	11.28%	8.70%	8.35%	7.21%
Effective Tax Rate	25.67%	26.18%	25.41%	25.55%	25.04%	29.53%
Revenue as Reported	1,477	1,314	1,075	961.39	687.91	613.02
Advertising Expenses	-	19.05	10.82	10.33	4.31	1.11

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