Bharat Electronics Ltd.'s third-quarter earnings beat estimates on all key metrics.
The net profit of the company increased 53% year-on-year to Rs 1,311 crore for the quarter-ended December, according to an exchange filing on Thursday. The consensus of analysts' estimates polled by Bloomberg had pegged the bottomline at Rs 942 crore.
Revenue from operations rose 38.7% to Rs 5,771 crore in the October-December period, as against Rs 4,162 crore over the same period last year. This was higher than the consensus estimate of Rs 5,023 crore, as per Bloomberg.
Bharat Electronics Q3 FY25 Highlights (YoY)
Revenue up 38.7% to Rs 5,771 crore vs Rs 4,162 crore (Estimate: Rs 5,023 crore).
Ebitda up 55.7% to Rs 1,670 crore versus Rs 1,073 crore (Estimate: Rs 1,158 crore).
Margin at 28.9% versus 25.8 (Estimate: 23.10%).
Net profit rose 53% to Rs 1,311 crore vs 856 crore (Estimate: Rs 942 crore).
Shares of Bharat Electronics were trading 2.3% higher when the results were announced, as compared to a 0.13% advance in the Nifty 50.
(This is a developing story).
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