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30-Jan-2024

Bharat Electronics

Net up 40% on flat sales


'Consolidated net sales (including other operating income) of Bharat Electronics for the quarter ended Dec 2023 has increased 0.22% to Rs 4162.16 crore.  Operating profit margin has jumped from 20.79% to 25.77%, leading to 24.22% rise in operating profit to Rs 1,072.50 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 52.35% to 49.78%.   Purchase of finished goods cost fell from 6.10% to 4.01%.   Employee cost increased from 13.72% to 14.22%.   Other expenses rose from 7.14% to 7.58%.   

Other income rose 185.50% to Rs 167.42 crore.  PBIDT rose 34.48% to Rs 1239.92 crore.  Provision for interest fell 94.75% to Rs 0.51 crore.  

PBDT rose 35.85% to Rs 1239.41 crore.  Provision for depreciation rose 1.31% to Rs 107.46 crore.  

Profit before tax grew 40.40% to Rs 1,131.95 crore.  Share of profit/loss was 15.73% higher ...



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