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29-Oct-2023

Bharat Electronics

Net up 27% largely gained by 340 bps jump in OPM and higher OI


'Consolidated net sales (including other operating income) of Bharat Electronics for the quarter ended Sep 2023 has increased 1.20% to Rs 4009.06 crore.  Operating profit margin has jumped from 21.92% to 25.30%, leading to 16.80% rise in operating profit to Rs 1,014.17 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 54.41% to 47.39%.   Purchase of finished goods cost rose from 3.86% to 4.36%.   Employee cost increased from 14.51% to 14.69%.   Other expenses rose from 6.23% to 8.66%.   

Other income rose 85.74% to Rs 137.06 crore.  PBIDT rose 22.20% to Rs 1151.23 crore.  Provision for interest fell 13.71% to Rs 1.51 crore.  

PBDT rose 22.27% to Rs 1149.72 crore.  Provision for depreciation fell 1.09% to Rs 108.26 crore.  

Profit before tax grew 25.35% to Rs 1,041.46 crore.  Share of profit/loss was 6.17% lo...



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