Electric equipment stock hits 20% upper circuit after its net profit increases by 116% QoQElectric equipment stock hits 20% upper circuit after its net profit increases by 116% QoQ

Introduction:

Electric equipment stock reported strong Q3 FY2024 results with a significant increase in total income to ₹522.83 crore, driven by higher operational revenue. The company also witnessed a remarkable 112% rise in profit before tax (PBT) and improved profit after tax (PAT) margin.

Share Price movement of Bharat Bijlee:

On February 4, 2025, Bharat Bijlee Ltd opened at ₹2,925.00, up 2.04% from its previous close of ₹2,866.85. The stock reached a high of ₹3,440.20 hits 20% upper circuit and a low of ₹2,900.55. It closed at ₹3,440.20, with a market cap of ₹3,888.50 crore.

Bharat Bijlee share price rise:

Bharat Bijlee Ltd reported a strong performance for the quarter ending December 31, 2024, with a notable increase in total income to ₹522.83 cr, up from ₹405.38 cr in Q2 FY2024. This growth was primarily driven by an increase in revenue from operations, which rose to ₹513.75 cr from ₹394.08 cr in the previous quarter.

Despite a rise in expenses, the company managed to keep its costs under control, with total expenses increasing to ₹469 crore from ₹380.10 crore in Q2 FY2024. The increase in expenses was mainly attributed to higher material consumption, purchases of stock-in-trade, and employee benefits expense. 

The company’s profit before tax (PBT) showed a significant jump to ₹53.83 crore, up from ₹25.28 crore in the previous quarter. This reflects a remarkable increase of 112% QoQ. The company’s net profit for the period stood at ₹40.62 crore, marking a healthy increase from ₹16.18 crore in Q2 FY2024. The PAT margin improved from 4% to 7.8% QoQ.

Also Read: EV stock jumps after company deploys 100 EVs in Hyderabad for fleet operations

Recent news About Bharat Bijlee :

On December 9, 2024, Bharat Bijlee participated in the 2nd International Sourcing Exposition for Elevators and Escalators in Mumbai. The company showcased its GreenStar® gearless elevator machines and launched the energy-efficient GreenStar® 28 pole machine, enhancing passenger comfort.

Ace investor holding of  Bharat Bijlee:

Minal Bharat Patel holds a 2.17% stake in Bharat Bijlee Ltd., with 2,45,507 shares valued at ₹82.9 crore. The holding saw a slight decrease of 0.04% from the previous quarter, reflecting consistent investment in the company’s growth.

Stock performance of Bharat Bijlee for Period of 1 week, 6 months and 1 year:

Over the past week, the Bharat Bijlee stock saw a slight decline of 1.11%. However, it faced a larger drop of 36.3% over the last 6 months. Despite this, it reported a positive 12.2% return over the past year, showing strong long-term growth.

Also Read: Textile stock jumps 13% after reporting ₹76 Lakhs profit against loss of ₹17.45 Cr in previous Qtr

Shareholding pattern of Bharat Bijlee:

All values in %	Dec-24	Sep-24	Jun-24
Promoters	33.69	33.69	33.69
FII	5.3	4.79	3.6
DII	17.77	16.31	12.7
Retail & others	43.26	45.23	50.02

About Bharat Bijlee:

Bharat Bijlee Ltd. is a leading electrical equipment manufacturer in India, specializing in transformers, motors, and automation solutions. The company offers innovative products and services, contributing to diverse sectors, including power, infrastructure, and industrial applications.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.