The company was incorporated in 1954. It is engaged in the business of designing, manufacturing and supplying electronic equipment and systems for the defence and civilian markets in India. Its product portfolio includes defence communication products, naval systems, land-based radars, avionics, electro-optics, tanks, etc.
With a market capitalization of Rs. 2,15,236 crores, the shares of Bharat Electronics Limited (BEL) started Friday’s trading session on a higher note at Rs. 294.20 compared to its previous close of Rs. 290.65. During the trading session, the shares hit a high of Rs. 295.65, gaining around 1 percent and are currently trading at Rs. 292 apiece.
Looking at the company’s financial statements, Quarterly, the revenue zoomed by 107 percent from Rs. 4,142.27 crores during the December quarter to Rs. 8,564.08 crores in the March quarter. In addition, the net profits magnified by 111 percent from Rs. 848.12 crores to Rs. 1,785.66 crores during the same period.
Comparing these metrics on a YoY basis, the revenue increased by 35 percent from Rs. 6,344.65 crores during Q4FY23 to Rs. 8,564.08 crores in Q4FY24. On the other hand, the net profits increased by 31 percent from Rs. 1,366.38 crores to Rs. 1,785.66 crores during the same timeframe.
Furthermore, Navaratna DPSU Bharat Electronics Limited (BEL) has received orders worth Rs.1,150 crores to date during the financial year 2024-25. The major orders include AMC of Akash Missile System, Combat Management System for Ships, Missile Fire Control System for ships, Laser Range Finders, Communication Network Centre etc.
Additionally, as of 1st April 2024, the order book position of the PSU company, stood at Rs. 75,934 crores.
Moreover, the defence company is aiming at an export turnover target of nearly USD 110 million and it is expecting large-size ticker orders worth Rs 15,000 crore going forward. For FY25, it projects order acquisitions worth Rs 25,000 crores.
Due to increasing operating revenue and profits on a YoY basis, the profitability metrics of the company improved with the return on equity (RoE) increasing from 21.53 percent during FY 22-23 to 24.40 per cent in FY 23-24, and, the return on capital employed (RoCE) zoomed from 26.38 percent to 30.13 percent during the same timeframe. Additionally, the net profit margin increased from 16.57 percent during FY22-23 to 19.45 percent during FY23-24.
Written By Vaibhav Patil
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