Bharat Electronics Q4FY22 PAT fell -15.63% at Rs1,154 crore on spike in input cost and manpower costs

23 May 2022 , 07:49 PM

Bharat Electronics Ltd (BEL) reported -8.35% fall in revenues yoy for the Q4FY22 quarter on consolidated basis at Rs6,339.81 crore. On a sequential basis, revenues were up for the quarter by 71.27%.

Full year FY22 revenues were up 8.91% at Rs15,368 crore. For Q4FY22, the defence orders were slightly slower compared to the previous quarter, which resulted in the fall in sales.

For the full year, the total revenues were at an all record level. BEL had an order book position of Rs57,570 crore as of the close of the March 2022 quarter.

BEL has been one of the big beneficiaries of the decision to hive more orders to local defence units.

The consolidated net profit for Q4FY22 was down -15.63% at Rs1,154.20 crore. The net profits was higher by 93.7% on a sequential basis.

During the fourth quarter, the company saw a sharp increase in the raw material costs as well as the manpower costs. This put pressure on the net margins. 

Net margins were 18.21% in Q4FY22 quarter compared to 19.78% in Q4FY21. NPM was higher compared to 16.10% in Q3FY22. Total final dividend was Rs1.50 per share with added to interim dividends stood at Rs7.50 per share for the full year.

Financial highlights for Mar-22 compared yoy and sequentially

	Bharat Electronics
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 6,339.81	₹ 6,917.47	-8.35%	₹ 3,701.65	71.27%
Net Profit (Rs cr)	₹ 1,154.20	₹ 1,368.09	-15.63%	₹ 595.86	93.70%
Diluted EPS (Rs)	₹ 4.74	₹ 5.62		₹ 2.45
Net Margins	18.21%	19.78%		16.10%