Bharat Electronics’ Q2 net profit jumps 34% y-o-y

25 Oct 2024 , 04:09 PM

Bharat Electronics Limited (BEL), a government-owned company, reported a 34% increase in standalone net profit for the quarter ending September 30, 2024, to ₹1,091 Crore, up from ₹812 Crore the previous year.

The profit after tax (PAT) beat the Street expectation of ₹843 Crore.

The revenue from operations in Q2 was ₹4,583 Crore, a 15% increase over ₹3,993 Crore reported in the same quarter of the previous fiscal year. 

On a consolidated basis, BEL’s PAT increased 38% to ₹1,093 Crore from ₹790 Crore in Q2 FY24.

Meanwhile, consolidated revenue for the reporting quarter was ₹4,605 Crore, up 15% from ₹4,009 Crore in the same time last year.

On a consolidated basis, BEL’s PAT increased 38% to ₹1,093 Crore from ₹790 Crore in Q2 FY24. Meanwhile, consolidated revenue for the reporting quarter was ₹4,605 Crore, up 15% from ₹4,009 Crore in the same time last year.

At around 2.09 PM, Bharat Electronics was trading 0.29% higher at ₹272.15, against the previous close of ₹271.35 on NSE. The counter touched an intraday high and low of ₹272.70, and ₹257.45, respectively.

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