28 Oct 2022 , 09:19 AM
Revenue increase was 26.14% in sequential terms. The company is into defence electronics and defence systems manufacture and largely caters to the Indian defence establishment.
The company has benefited immensely from the decision of the government to create a positive list wherein the orders would only be farmed out to the domestic defence companies.
During the quarter, Bharat Electronics issued bonus shares in the ratio of 2:1 i.e. 2 shares for every 1 share of BEL held cum bonus.
The order book position of BEL as of the close of September 2022 stands at Rs52,975 crore, which is more than 4 times its annualized sales revenues.
The raw material costs spiked by 15% yoy at Rs2,251 crore due to supply chain constraints and a general spike in input costs. Net profit margins at 15.74% in Q2FY23 is lower compared to 16.98% in Q1FY22 but betters the 11.64% in Q1FY23.
Financial highlights for Sep-22 compared yoy and sequentially
Bharat Electronics | |||||
Rs in Crore | Sep-22 | Sep-21 | YOY | Jun-22 | QOQ |
Total Income (Rs cr) | ₹ 3,961.59 | ₹ 3,678.05 | 7.71% | ₹ 3,140.61 | 26.14% |
Net Profit (Rs cr) | ₹ 623.74 | ₹ 624.46 | -0.12% | ₹ 365.65 | 70.58% |
Diluted EPS (Rs) | ₹ 0.86 | ₹ 0.85 | ₹ 0.50 | ||
Net Margins | 15.74% | 16.98% | 11.64% |
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