Bharat Electronics Q1FY24 Results: Consolidated PAT of Rs. 538.48 Cr

Bharat Electronics Q1FY24 Results: Consolidated PAT of Rs. 538.48 Cr

Bharat Electronics Q1 results show revenue fell from 6545.28 crores to 3673.17 crores, a 43.88% decrease in growth. EPS down from ₹1.90 to ₹0.74, down by 61.05%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Bharat Electronics shared its Q1 results on Thursday. They earned 3673.17 crores in revenue this quarter, but that’s more than the 6545.28 crores they made last quarter. Unfortunately, the company’s growth decreased by 43.88 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 538.48 crores, down from 1382.02 crores in the previous quarter. Their quarter-to-quarter growth decreased by 61.04 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹0.74, which is a decrease of 61.05% from the ₹1.90 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 3673.17 crores this year (2023), which is 13.97 percent higher than last year’s total revenue of 3222.82 crores.

This year’s PAT (Profit After Tax) is 538.48 crores, which is also 47.27% higher than last year’s PAT of 365.65 crores.

The EPS (Earnings Per Share) for this year is ₹0.74, which is 48% more than the EPS of ₹0.50 earned last year.

Also Read: Ajanta Pharma Q1FY24 Results: Consolidated PAT of Rs. 208.12 Cr

Bharat Electronics Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Bharat Electronics:

Bharat Electronics Limited (BEL) is an aerospace and defense electronics company owned by the Indian Government. Its main focus lies in manufacturing advanced electronic products for both ground and aerospace applications. As one of the nine Public Sector Undertakings (PSUs) under the Ministry of Defence of India, BEL plays a crucial role in the country’s defense industry.

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