Bharat Electronics Share Q4 Results - Dividend

BEL results
by Nikita Bhoota 23/06/2021

The state-owned aerospace and defence electronics company reported a net profit of Rs 1,352.38 crore in the quarter ended March 2021, up 30.73 percent year-on-year (YoY) compared to Q4 FY20.

The company's sales rose 18 percent to Rs 6,757.05 crore in the quarter ended March 2021 against Rs 5,725.49 crore during the previous quarter ended March 2020.

In FY21, its net profit was up 15.14% to Rs 2065.42 versus Rs 1793.83 crore in FY20, while sales jumped 9.6% to Rs 13818.16 crore from Rs 12607.76 crore.

The company said it has a healthy order book position of Rs 53,434 crore as on April 1, 2021.

The company has recommended a final dividend of Rs 1.20 per equity share (120%) of Rs 1 each for the FY 2020-21.

Shares of Bharat Electronics (BEL) hit over three-year high of Rs 166.45 after rallying 10% on the BSE in intra-day trade on Wednesday after the company reported a strong set of numbers for the quarter ended March 2021 (Q4FY21).

About Bharat Electronics:

BEL, 51% owned by the Government of India, is primarily a supplier of electronic equipment to Indian defence services. It supplies electronic products such as radars, sonar, communication equipment, electronic warfare equipment, and navigation equipment to the Indian defence forces and the civilian sector. The company has nine manufacturing units in India and two central research laboratories − in Bangalore and Ghaziabad.  

Disclaimer: The above report is compiled from information available on public platforms. These are not buy or sell recommendations.

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