United Spirits McDowell Financial Statements

United Spirits McDowell (MCDOWELL-N) reported revenue of ₹272.76B in FY2025 with net income of ₹15.82B. Total assets stood at ₹132.48B and free cash flow was ₹17.85B.

United Spirits McDowell Income Statement

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Revenue		274.58B	310.62B	278.15B	260.18B	272.76B
Cost of Rev. Cost of Revenue		-237.43B	-268.06B	-235.42B	-205.07B	-214.24B
Gross Profit		37.15B	42.56B	42.73B	55.11B	58.52B
SGA Sales, General & Admin		-25.72B	-13.48B	-15.32B	-15.95B	-17.39B
Op. Income Operating Income		7.93B	11.39B	8.60B	19.64B	21.40B
PBT Profit Before Tax		5.41B	10.87B	12.79B	18.57B	21.35B
Net Income		3.84B	8.11B	11.36B	14.08B	15.82B
Dil. Shares Diluted Shares		709.34M	709.34M	709.63M	709.63M	710.06M
Diluted EPS		5.41	11.68	16.01	19.83	22.28

Figures in ₹ — millions (M), billions (B), trillions (T). EPS is earnings per share.

Understanding the Income Statement

The income statement shows United Spirits McDowell's revenue and expenses over a period. Revenue minus costs gives gross profit; after operating expenses, interest, and taxes, the remainder is net income. Diluted EPS divides net income by all shares that could exist if options and convertibles were exercised.

United Spirits McDowell Balance Sheet

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Curr. assets Total current assets		48.03B	51.63B	62.34B	73.77B	92.02B
Non-curr. assets Total non-current assets		37.34B	37.48B	35.27B	38.72B	40.46B
Total assets		85.37B	89.11B	97.61B	112.49B	132.48B
Curr. liabilities Total current liabilities		43.38B	38.38B	36.25B	39.03B	47.22B
Non-curr. liab. Total non-current liabilities		1.40B	1.98B	1.37B	2.25B	4.22B
Total liabilities		44.78B	40.37B	37.62B	41.28B	51.44B
Total equity		40.59B	48.75B	59.99B	71.21B	81.04B
Total liab. & eq. Total liabilities & equity		85.37B	89.11B	97.61B	112.49B	132.48B

Figures in ₹ — millions (M), billions (B), trillions (T).

Understanding the Balance Sheet

The balance sheet captures United Spirits McDowell's financial position at a point in time — what it owns (assets), what it owes (liabilities), and the residual value to shareholders (equity). Total assets always equals total liabilities plus equity.

United Spirits McDowell Cash Flow Statement

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Net Income		5.40B	10.87B	12.79B	18.57B	21.35B
Operating CF Cash flow Operating Activities		18.18B	9.77B	6.15B	11.18B	19.47B
Capex Investments in PPE		-1.59B	-1.34B	-1.37B	-980.00M	-1.62B
Investing CF Cash flow Investing Activities		-992.00M	-3.13B	-532.00M	2.26B	-11.14B
Dividend Paid		0	0	0	-2.84B	-3.55B
Financing CF Cash flow Financing Activities		-17.07B	-6.88B	-5.01B	-4.07B	-5.57B
Cash (start) Cash at beginning of period		661.00M	778.00M	545.00M	1.15B	10.52B
Cash (end) Cash at end of period		778.00M	545.00M	1.15B	10.52B	13.28B
FCF Free Cash Flow		16.59B	8.43B	4.78B	10.20B	17.85B

Figures in ₹ — millions (M), billions (B), trillions (T).

Understanding Cash Flow

The cash flow statement tracks how United Spirits McDowell's cash moves through operations, investing, and financing activities. Free cash flow — operating cash minus capital expenditure — shows what is available to return to shareholders.

Data from audited consolidated filings. For educational purposes only — not investment advice. Last update: Mar-2025