Bharat Electronics (BEL), a defense public sector undertaking and Nifty50 constituent, reported a standalone turnover of Rs 4,425.29 crore for Q2 FY25, marking a 14.8% increase from Rs 3,918.13 crore in the same period last year. Net profit surged by 34.4% year-on-year to Rs 1,091.27 crore for the September quarter. Following the earnings announcement, BEL shares rebounded from early losses in a weak market. The stock, which recently entered the Nifty 50 index, has a market capitalization of Rs 1.94 lakh crore and has gained 47% on a year-to-date basis.
The company’s order book stood strong at Rs 74,595 crore at the end of Q2, while earnings per share (EPS) improved to Rs 1.49 from Rs 1.11 a year earlier. For the first half of FY25, BEL’s revenue climbed 16% to Rs 8,530 crore, and net profit rose 39% year-on-year to Rs 1,867 crore.
BEL management announced a conference call hosted by Nomura which is scheduled for 28 October, to discusses the company performance and outlook. Analysts at Macquarie said BEL posted its performance in line with guidance for FY25, now the key focus is on new orders in the second half of the fiscal year. The Company has also entered into the space products segment through a tie-up with Canada-based Reliasat Inc.
Do you have a news tip for Lakshmishree reporters? Please email us at media@lakshmishree.com
Source: Moneycontrol
News Desk
