Last Updated on January 30, 2024 by ethinos
Table of Content
Bharat Electronics Financial Performance:
1. Turnover Growth:
- Bharat Electronics Limited (BEL) achieved a Turnover of Rs. 4120.10 Cr during the 3rd Quarter of FY 2023-24.
- This represents a growth of 1.83% compared to the Turnover of Rs. 4046.11 Cr recorded in the corresponding period of the previous year.
2. Profit Before Tax (PBT) Growth:
- PBT during the 3rd Quarter of FY 2023-24 was Rs. 1172.26 Cr.
- This marks a significant growth of 46.45% over the PBT of Rs. 800.43 Cr recorded in the corresponding period of the previous year.
3. Profit After Tax (PAT) Growth:
- PAT during the 3rd Quarter of FY 2023-24 stood at Rs. 893.30 Cr.
- This reflects a growth of 49.19% over the PAT of Rs. 598.77 Cr recorded in the corresponding period of the previous year.
4. Overall Performance for FY 2023-24 (Up to 3rd Quarter):
- BEL achieved a Turnover of Rs. 11484.92 Cr, up from Rs. 11005.89 Cr recorded in the corresponding period of the previous year.
- PBT increased to Rs. 2948.95 Cr from Rs. 2203.39 Cr.
- PAT increased to Rs. 2236.48 Cr from Rs. 1641.31 Cr.
Additional Read: Q3 Results Dashboard
Dividend Declaration:
- The Board of Directors, in their meeting held on 29th January 2024, declared an Interim Dividend of Rs. 0.70 paise per equity share (on face value of Rs 1/- each).
- The dividend will be payable to eligible shareholders holding shares as on the record date, i.e., 10th February 2024.
Order Book Position:
As of 1st January 2024, the order book position of the company stood at Rs. 76217 Cr.
Orders Received by Bharat Electronics Limited (BEL):
1. Order from Mazagon Dock Shipbuilders Ltd:
- BEL received an order from Mazagon Dock Shipbuilders Ltd for a value of Rs. 695 Crore.
- This order is for the supply of spares related to missile systems.
2. Additional Orders Received:
- Since the last disclosure on 26th Dec 2023, BEL has received additional orders worth Rs. 339.31 Crore.
- These orders encompass various systems and components including Combat Management System, Composite Communication System, Transmit / Receive Modules, Mobile Autonomous Stabilization System, and other spares/services.
3. Cumulative Orders for the Current Financial Year:
With the aforementioned orders, BEL has received cumulative orders of Rs. 27,647.31 Crore in the current financial year.
Additional Check: Bharat Electronics Share Price
About Bharat Electronics Limited (BEL)
Bharat Electronics Limited (BEL) was established in 1954 under the Ministry of Defence to cater to India’s electronic defence needs. Over the years, it has evolved into a diverse conglomerate, specialising in various defence technologies. BEL is a Navratna PSU and has played a significant role in India’s defence electronics sector, achieving milestones such as developing the Akash Air Defence Weapon System and Coastal Surveillance System. Additionally, BEL has made contributions outside of defence, including producing tamper-proof Electronic Voting Machines and manufacturing ICU Ventilators during the Covid pandemic. The company is committed to the Make in India initiative, focusing on R&D, indigenization, and expanding into sectors like civil aviation, energy storage, and medical electronics. It is also expanding its global presence with marketing offices in various countries.
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Sources: https://bel-india.in/News.aspx?MId=18&LId=1&type=1&link=0
