Calculate your SIP ReturnsExplore

Bharat Electronics’ Q4 Profit Surged 28%; Dividend Enroute!

25 May 20232 mins read by Angel One
Bharat Electronics’ Q4 Profit Surged 28%; Dividend Enroute!
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

Shares of Bharat Electronics Ltd (BEL) experienced a 0.93% surge on Tuesday, reaching Rs 108.90 per share compared to the previous closing of Rs 107.90. The intraday trading witnessed a high of Rs 109.20 per share and a low of Rs 107.30 per share. Notably, the company’s shares reached a 52-week high of Rs 115 and a 52-week low of Rs 73.23.  

As a Navratna Defence PSU, Bharat Electronics Ltd announced its quarterly and annual results for the fiscal year ending on March 31, 2023. In Q4FY23, the company reported a 2.20% increase in net sales and a 19.58% increase in net profit, with earnings per share (EPS) of Rs 1.90 compared to Q4FY22. For the full fiscal year FY23, net sales saw a growth of 15.40%, while net profit experienced a decline of 28%. The EPS for FY23 stood at Rs 4.10.  

Additionally, as of April 1, 2023, the company’s order book position reached Rs 60,690 crore. In addition, BEL declared a final dividend of Rs 0.60 per equity share, considering the enhanced share capital of the company post-bonus issue on September 15, 2022. Each share has a face value of Re 1.  Technically, the stock shows a bullish structure on the technical chart, and trades above all the key moving averages.

Established in 1954 in collaboration with CSF, France (now Thales), Bharat Electronics Ltd was formed to cater to the specialized electronic equipment requirements of the Indian Defence Services. During the current fiscal year 2022-2023, the company has secured multiple orders from the Government of India and the Ministry of Defence.  

With an impressive return on equity (ROE) of 22.80% and return on capital employed (ROCE) of 30.20%, BEL has delivered multibagger returns of 109% within two years and over 420% within three years. As a large-cap PSU stock, it is recommended to keep a close eye on its performance.

Enjoy Zero Brokerage on Equity Delivery
Enjoy Zero Brokerage on Equity Delivery

Get the link to download the App

Send App Link

Enjoy Zero Brokerage on
Equity Delivery