BEL records PAT at Rs1352.38cr in Q4FY21; stock hits 52-week high

The total dividend payout for FY2020-21 works out to Rs4.00 per share, as against Rs2.80 per share in the previous year.

Jun 23, 2021 01:06 IST India Infoline News Service

Bharat Electronics Limited
Bharat Electronics Ltd (BEL) recorded Profit after tax (PAT) at Rs1352.38cr in Q4FY21 as against Rs1034.52cr for the corresponding quarter of the previous year.

The company has achieved a turnover of Rs6757.05cr for the quarter ended 31st March 2021, as against Rs5725.49cr for the corresponding quarter of the previous year.

Reacting to the result, the stock has touched a new 52-week high at 169.65 in today’s trade. The stock is currently trading at Rs165.10 up by Rs13.75 or 9.08% from its previous closing of Rs151.35 on the BSE. The scrip opened at Rs155 and has touched a 52-week high of Rs169.65 and low of Rs152.50 respectively.

The company achieved a turnover of Rs13818.16cr for FY2020-21 registering a growth of 9.60% over the turnover of Rs12607.76cr achieved in the previous year.

The profit after tax (PAT) for FY 2020-21 stood at Rs2065.42cr as against Rs1793.83cr in the previous year, registering a growth of 15.14%.

The company has paid an interim dividend of Rs2.80 per share for FY2020-21 and the Board has recommended a further dividend of Rs1.20 per share as the final dividend for FY2020-21 at the meeting held on June 22, 2021, subject to approval in the AGM.

The total dividend payout for FY2020-21 works out to Rs4.00 per share, as against Rs2.80 per share in the previous year.

The company has a healthy order book position of Rs53434cr as of April 01, 2021.

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