Bharat Electronics Limited (BEL) reported its earnings for the quarter ended September on Friday afternoon.
What Happened: The company’s standalone net profit for the quarter came in at ₹1,091.27 crore, a 34% jump from the ₹812.3 crore posted in the same quarter last year. Revenue from operations for the September quarter came in at ₹4,583.41 crore, a 14.8% jump from the ₹3,993.3 crore posted in the corresponding quarter of the previous year.
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While the company’s revenue for the quarter was below street estimates, profits beat analysts’ expectations. The average revenue estimate across analysts is ₹4,766.4 crore, with an average profit estimate of ₹896.0 crore. The company’s EBITDA came in at ₹1,399 crore, with an EBITDA margin of 30.4%.
Order book position as of October 1, 2024, stood at ₹74,595 crore. This is a decrease from the ₹76,705 crore order book reported at the end of the June quarter.
Price Action: BEL’s share price was down around 1.42% to trade at ₹267.20 on Friday afternoon.
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