Bharat Electronics Q4 Results: Profit Up 30%, Beats Estimates
Bharat Electronics Ltd.'s fourth-quarter profit rose 30% year-on-year to Rs 1,797 crore for the quarter-ended March 2024, according to an exchange filing on Sunday.
Revenue rose 32% to Rs 8,564 crore in the January-March period as against Rs 6,479 crore over the same period last year.
Bharat Electronics Q4 FY24 Highlights (YoY)
Revenue up 32% to Rs 8,564 crore. (Bloomberg estimate: Rs 8,323.5 crore)
Ebitda rises 25% to Rs 2,287 crore. (Bloomberg estimate: Rs 2,041.3 crore)
Margin at 26.7% versus 28.3% (Bloomberg estimate: 24.5%)
Net profit rose 30% to Rs 1,797 crore. (Bloomberg estimate: Rs 1,553.7 crore)
As of April 1, the company's order book stood at Rs 76,000 crore, reporting a 25.2% growth compared to the previous fiscal. The board has recommended a final dividend of Rs 0.80 per equity share.
Shares of Bharat Electronics closed 4.43% to Rs 259.2 apiece, compared with a 0.16% advance in the Nifty 50.
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