Bharat Electronics Limited Q2 Results 2023

Read this story to learn about Q2- highlights, performance, earnings, dividend updates, market performance, etc.,

Highlights of the Result

· The total income of the company stood at ₹4,163.83 Cr · Net profit for Q2 FY’24 stood at ₹ 812.3 Cr · Revenue from operations stood at ₹3,993.3 Cr

Performance Highlights

· The total income grew by 3.55% YoY · Profit after tax (PAT) saw an increment of 32.9% YoY · The company’s EBITDA stood at ₹1,004.3 Cr

Key Announcements

· BEL revealed that it had received orders worth ₹3,000 Cr, including an order worth ₹2,118.57 Cr from Cochin Shipyard. · The company will supply next-gen missile vessels with state-of-the-art tech to the Indian Navy

Company’s Expenses

At the same time, the expenses increased during the quarter. For the quarter under review, the company reported a total expense of ₹3,104.66 Cr (Consolidated Financial Figures (QoQ)).

Source: Bharat Electronics Limited Financial Report – Q2 Report, BSE