Bharat Electronics Ltd Share Price – NSE /  BSE

Aerospace & Defence, Mid Cap

These orders encompass a supplying range of products and services, including laser range finders, communication equipment, vessel communication and support systems, test equipment for guns, spares, services etc.

With these orders, BEL has now accumulated orders totaling Rs 8,194 crore in the current financial year,” the company said in a statement.

Navratna PSU BEL is a multi-product, multi-technology, multi-Unit conglomerate which designs, manufactures and supplies products and systems in a wide variety of fields including radars, missile systems, military communications, naval systems, electronic warfare & avionics, C4I systems, electro optics, tank electronics & gun/weapon system upgrades, and electronic fuzes in the defence segment. As on 31 September 2024, the Government of India held 51.14% stake in the company.

The company reported 35.22% growth in consolidated net profit to Rs 1,450.88 crore on 14.78% rise in net sales to Rs 4,583.41 crore in Q2 FY25 over Q2 FY24.

The scrip shed 0.90% to currently trade at Rs 297.50 on the BSE.

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Net profit of Bharat Electronics rose 38.40% to Rs 1092.45 crore in the quarter ended September 2024 as against Rs 789.35 crore during the previous quarter ended September 2023. Sales rose 14.86% to Rs 4604.90 crore in the quarter ended September 2024 as against Rs 4009.06 crore during the previous quarter ended September 2023.

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Profit before tax stood at Rs 1,450.88 crore in the second quarter of FY24, registering a growth of 35.22% on YoY basis.

Total expenses grew 6.74% YoY to Rs 3,299.36 crore in September 2024 quarter. Cost of materials consumed stood at Rs 2,419.79 crore (up 25.73%) while employee benefits expenses were at Rs 650.03 crore (up 9.54% YoY) during the period under review.

During Q2 FY24-25, BEL achieved a turnover of Rs 4,425.29 crore as against Rs 3,918.13 crore recorded in the corresponding period of the previous year.

The order book position of the company as on 1 October, 2024 stood at Rs 74,595 crore.

Navratna PSU BEL is a multi-product, multi-technology, multi-Unit conglomerate which designs, manufactures and supplies products and systems in a wide variety of fields including radars, missile systems, military communications, naval systems, electronic warfare & avionics, C4I systems, electro optics, tank electronics & gun/weapon system upgrades, and electronic fuzes in the defence segment. As on 31 September 2024, the Government of India held 51.14% stake in the company.

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The key equity indices traded with modest gains in morning trade. The Nifty traded above the 24,850 mark. Media shares advanced after declining in the past three consecutive trading sessions.

At 10:28 IST, the barometer index, the S&P BSE Sensex rose 265.42 points or 0.33% to 81,315.45. The Nifty 50 index added 87.75 points or 0.35% to 24,883.50.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.90% and the S&P BSE Small-Cap index gained 0.90%.

The market breadth was positive. On the BSE, 2,271 shares rose and 1,326 shares fell. A total of 131 shares were unchanged.

Buzzing Index:

The Nifty Media index gained 1.88% to 2,032.90. The index tumbled 8.16% in past three consecutive trading sessions.

Saregama India (up 4.49%), Tips Music (up 3.24%), Nazara Technologies (up 2.56%), PVR Inox (up 1.97%), Hathway Cable & Datacom (up 1.62%), Zee Entertainment Enterprises (up 1.33%), Dish TV India (up 1.08%), TV18 Broadcast (up 0.62%), Sun TV Network (up 0.58%) and Network 18 Media & Investments (up 0.39%) advanced.

Stocks in Spotlight:

Bharat Electronics advanced 1.65% after the company said that it has bagged orders worth more than Rs 500 crore in the last month.

Lemon Tree Hotels rose 0.44%. The company announced that it has signed a license agreement viz Lemon Tree Hotel in Udaipur, Rajasthan.

Nuvoco Vistas Corporation added 0.88%. The company said that it has been declared the preferred bidder for three significant limestone blocks located at Nimbol, Tehsil Jaitaran, District Beawar, Rajasthan.

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