BEL share price rises over 3% on ₹1.5 interim dividend announcement; check record date

BEL interim dividend: Shares of state-run Bharat Electronics Ltd rose on Wednesday, March 5, after the company announced an interim dividend for the financial year 2024-25.

The stock was trading 3.32% higher at ₹273.49 apiece on the National Stock Exchange (NSE) at 2:00 pm.

BEL interim dividend announced: Check record date

In an exchange filing, BEL said its Board of Directors has declared an interim dividend of ₹1.50 per share of ₹1 each fully paid up for FY25. The dividend will be paid within 30 days from the date of declaration.

The record date for the payment of the BEL interim dividend on equity shares for the current fiscal year has been fixed as March 11, 2025.

Bharat Electronics Ltd is a public sector undertaking (PSU) under the Ministry of Defence.

The company reported a 47.33% increase in its consolidated Profit after tax (PAT) to ₹1,316.06 crores in the third quarter of the current fiscal year. The net profit was ₹893.3 crore in the year-ago quarter.

Consolidated revenue from operations climbed 38.6% to ₹5,770.69 crore, as against ₹4,162.16 crore in the same period of the previous financial year.

For the nine-month period ended December 2024, BEL recorded a turnover of ₹14,173.68 crore, compared to ₹11,484.92 crore a year ago. The post-tax profit advanced 42.3% to ₹3,183.47 crore in 9M FY25, as against ₹2,236.48 cr in the corresponding period last fiscal.

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

On February 20, the company received orders worth ₹1,292 crore, including ₹1,034 crore order for the supply of software-defined radios (SDR) and Data Communication Terminals (DCT) for the Indian Coast Guard.

On February 8, BEL secured orders worth ₹962 crore, including an Electro-Optic Fire Control System (EOFCS) supply order from the Indian Navy.