Bharat Electronics Q2 Results: State-run defence equipment manufacturer Bharat Electronics Ltd. announced its results for the September quarter on October 25. The company reported a net profit of ₹1,091.3 crore, marking a significant growth of 34.4% compared to the same period last year.
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The company’s revenue for the quarter rose by 15% year-on-year to ₹4,583.4 crore, closely aligning with market expectations of ₹4,598 crore. This performance reflects a strong demand for its products and services.
Bharat Electronics also posted impressive Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) of ₹1,388.5 crore, significantly exceeding analyst expectations of ₹1,095 crore. Year-over-year, the EBITDA increased by 38.3%, showcasing the company’s operational efficiency.
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The EBITDA margin expanded to 30.3%, up over 500 basis points from the same quarter last year and well above the expected margin of 23.8%. This improvement indicates better cost management and profitability.
As of the end of the quarter, Bharat Electronics had an order book totaling ₹74,595 crore. Despite a slight dip, the company’s shares have risen by 45% in 2024, currently trading at ₹268.64.