Bharat Electronics to consider interim dividend next week; check key details

“Pursuant to Regulation 29 of the SEBI (LODR) Regulations, 2015, we wish to inform you that a meeting of the Board of Directors of the company is scheduled to be held on Wednesday, the 5th of March, 2025, to consider, inter alia, the declaration of an interim dividend for the financial year 2024-25,” the company said in an exchange filing on Tuesday, February 25.

The aerospace and defence electronics company posted a 47.33% increase in its standalone net profit to ₹1,316.06 crore in the three-month period ended December 2024. In the year-ago period, the post-tax profit was at ₹893.30 crore.

Standalone revenue from operations rose 39.14% to ₹5,756.12 crore in the reporting quarter, compared to ₹4,136.69 crore in the same period last fiscal.

The board’s announcement came after the market hours on Tuesday. Shares of BEL are expected to be in focus on Thursday’s trading session. Indian stock exchanges–the National Stock Exchange (NSE) and the BSE (formerly Bombay Stock Exchange)–will remain closed on Maha Shivratri on Wednesday, February 26, 2025.

During the last trading session on Tuesday, shares of the company closed at ₹256.1 apiece, losing 0.10% on the National Stock Exchange.

The company, in a separate exchange filing, said: “We wish to inform you that in pursuance of SEBI (Prohibition of Insider Trading) Regulations, 2015, and the Company's Code of Conduct for Regulating, Monitoring, and Reporting of Trading by Insiders, the trading window for dealing in the securities of the company shall remain closed from 27th February, 2025, till 48 hours after declaration of the outcome of the board meeting, being held on 5th March, 2025, for consideration of interim dividend for the financial year 2024-25.”

The PSU firm achieved a turnover of ₹5,643.25 crore, reflecting a growth of 36.97% in Q3 FY25 over the turnover of ₹4,120.10 crore posted in the corresponding period of the previous year.

The order book position of the company as of January 1, 2025, stood at ₹71,100 crore.

Its earnings before interest, taxes, depreciation, and amortisation (EBITDA) grew by 57.5% to ₹1,653.3 crore in the latest December quarter, compared to ₹1,049 crore in Q3 FY24. EBITDA margin was at 28.7% vs 25.4% a year back.