Bharat Electronics shares fall on profit booking after Q4 earnings

Shares of Bharat Electronics Limited (BEL) rose as much as 1.71% to hit an intraday high of ₹370 on the National Stock Exchange before paring some gains on account of profit booking after it reported strong set of earnings post market hours on Monday. In the run up to earnings shares of BEL staged a strong up move, the stock rose for six sessions in a row to hit fresh 52-week high of ₹373 in the previous session, data from the National Stock Exchange showed.

Bharat Electronics reported net profit of ₹2,127 crore in fourth quarter of financial year 2024-25, marking an increase of 18% from ₹1,797 crore during the same period last year.

Its revenue from operations rose 7% to ₹9,150 crore as against ₹8,564 crore in the year-ago period.

The Bengaluru-based company posted a strong operational performance in Q4 as its operating profit also known as earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 23% to ₹2,816 crore and its EBITDA margin improved by 410 basis points to 30.8% from 26.71%.

The company's order book as on April 1 stood at ₹71,650 crore, BEL said in a press release.

Profit after tax (PAT) during FY 2024-25 stood at ₹5,288.25 crore, with a growth of 31.55% over the PAT of ₹4,020 crore recorded during the previous year.

The Navratna Defence PSU achieved a turnover of ₹23,024.10 crore, registering a growth of 16.17% during FY2024-25 over the turnover of ₹19,819.93 crore recorded during the previous year.

During Q4, BEL achieved a turnover of ₹8850.42 crore as against ₹8335.01 crore recorded in the corresponding period of the previous year.

The company’s board has recommended a dividend of 90 paise per share.

As of 9:25 am, Bharat Electronics shares traded 0.47% lower at ₹362, underperforming the NIFTY50 index which was trading on a flat note.