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Informist, Monday, May 19, 2025

 

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--Bharat Electronics Jan-Mar net profit 21.05 bln
--Analysts saw Bharat Electronics Jan-Mar net profit INR 17.39 bln
--Bharat Electronics Jan-Mar net profit 21.05 bln vs INR 17.84 bln yr ago
--Bharat Electronics Jan-Mar revenue INR 91.20 bln vs INR 85.29 bln year ago
--Bharat Electronics to pay INR 0.90 per share final dividend
--Bharat Electronics FY25 net profit INR 52.88 bln vs INR 40.20 bln year ago
--Bharat Electronics FY25 revenue INR 236.58 bln vs INR 201.69 bln year ago
--Bharat Electronics order book INR 716.50 bln as on Apr 1

 

By Avishek Rakshit

 

KOLKATA - A high base in Jan-Mar of 2023-24 (Apr-Mar) resulted in Bharat Electronics Ltd. reporting a nine-quarter low net profit growth of a little over 18% in Jan-Mar despite beating the Street's estimates by 21%.

 

The Navratna defence public sector undertaking reported a net profit of INR 21.05 billion in the quarter ended March as against INR 17.8 billion in the year-ago quarter. The revenue, which also beat the Street, rose by around 7% on year to INR 91.2 billion in Jan-Mar as against INR 85.3 billion in the similar quarter of FY24.

 

During FY24, the company saw heavy order inflow from the defence segment and executed orders in a timely manner, which helped it strengthen its financial position. However, it created a high base when compared to the last financial year. The company's order book as on Apr. 1 stood at INR 716.5 billion, it said in a notice to the bourses.

 

During Jan-Mar, other income fell by around 12% on year to INR 1.9 billion, but the higher growth in income from operations led the total income to rise by 6.5% on year to 93.1 billion.

 

The company's total expenses rose moderately by 1.6% on year aiding profit growth. During the quarter under review, the company's total expenses were at INR 64.7 billion as against INR 63.6 billion in the last quarter of FY24. Cost of materials consumed fell by over 3% on year to INR 44.3 billion, and consumption of stock-in-trade fell by around 2% to INR 1.7 billion.

 

However, employee costs increased by 20.4% on year to INR 7.6 billion and finance costs went up by 47.6% on year to INR 58 million. Depreciation and amortisation expenses increased by nearly 16% on year to INR 1.4 billion, but other expenses fell by 33% on year to INR 8.2 billion thereby keeping the rise in costs under check.

 

During FY25, the company's net profit increased by 31.6% on year to INR 52.9 billion and revenue increased by 17.3% on year to INR 236.6 billion.

 

Bharat Electronics declared a final dividend of INR 0.90 per share.

 

On Monday, shares of Bharat Electronics closed marginally down at INR 363.75 on the National Stock Exchange.  End

 

Edited by Vandana Hingorani

 

 

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