Key Points of Bharat Electronics Interim Dividend Date:
- Bharat Electronics is a Navratna PSU under the Ministry of Defence in India that develops electronic equipment and commodities for the defence industry.
- Bharat Electronics has announced the record date for the second interim dividend for FY 2022-2023 as March 25, 2023, in compliance with Regulation 42(2) of SEBI (LODR) Regulations, 2015.
- The company had previously announced an equity dividend of 450.00% at a face value of ₹1, or ₹4.5 per share, generating a dividend yield of 4.85%.
- Bharat Electronics declared the first interim dividend for FY 22-23 at 60%, or Rs. 0.60 per share, in January 2023, with a record date of February 10, 2023.
- According to data from Trendlyne, BEL has issued 46 dividends since August 27, 2001, and announced an equity dividend of ₹3.60 per share in the last 12 months.
- Bharat Electronics reported a YoY rise of 11.04% in revenue from operations, reaching ₹4064.9 crore in Q3FY23, and a consolidated net profit of ₹613.01 crore, a YoY rise of 2.87%.
- The shares of BEL closed at ₹92.90 apiece on the NSE, up by 0.60% from the previous close, with a traded volume of 1,42,85,446 shares. The stock has gained 35.58% in the last 1 year and fallen 7.33% on a YTD basis in 2023.
Details of Bharat Electronics Interim Dividend Date:
Bharat Electronics Sets Record Date for Second Interim Dividend in FY 2022-2023
Bharat Electronics, a Navratna PSU under the Ministry of Defence in India, is set to declare the second interim dividend for FY 2022-2023. The Board of Directors announced the record date as March 25, 2023, in compliance with Regulation 42(2) of SEBI (LODR) Regulations, 2015. BEL has previously announced an equity dividend of 450.00% at a face value of ₹1, or ₹4.5 per share, generating a dividend yield of 4.85%.
In January 2023, the company declared the first interim dividend for FY 22-23 at 60%, or Rs. 0.60 per share. The record date was set as February 10, 2023. According to data from Trendlyne, BEL has issued 46 dividends since August 27, 2001, and announced an equity dividend of ₹3.60 per share in the last 12 months.
Bharat Electronics reported a YoY rise of 11.04% in revenue from operations, reaching ₹4064.9 crore in Q3FY23, and a consolidated net profit of ₹613.01 crore, a YoY rise of 2.87%. The EPS of BEL stood at ₹0.83 in Q3FY23.
The shares of Bharat Electronics closed at ₹92.90 apiece on the NSE, up by 0.60% from the previous close, with a traded volume of 1,42,85,446 shares. The stock has gained 35.58% in the last 1 year and fallen 7.33% on a YTD basis in 2023. The company reported a promoter shareholding of 51.14%, FIIs stake of 17.34%, DIIs stake of 25.04%, and a public stake of 6.47% during Q3FY23.
About Bharat Electronics:
Bharat Electronics was established in 1954 in association with CSF, France (now, Thales), to meet the specialized electronic equipment requirements of the Indian Defence Services.
Bharat Electronics is an Indian state-owned aerospace and defence company with about nine factories, and several regional offices in India.
For More Latest News Click Here
