Bharat Electronics on Saturday, October 28, reported a net profit of ₹812.3 crore in the second quarter this fiscal. This was 8% more than Street estimates of ₹747 crore and 33% more than last year's ₹611 crore.
The company's revenue and earnings before interest, taxes, depreciation, and amortisation (EBITDA), even though more than last fiscal, was lower than what the Street had estimated.
BEL reported a 1.2% increase in its revenue for the second quarter from last year at ₹3,993.3 crore. However, the Street was expecting it to come in at ₹4,611 crore. Hence, the revenue came in at 13.4% below estimates.
Its EBITDA of ₹1,004.3 crore was 17.4% higher than last year's ₹856 crore, but 1.5% lower than the CNBC-TV18 poll's ₹1,020 crore. Its margin of 25.2% was however 350 bps higher than last year and 310 bps more than Street expectations.
The company in a stock exchange filing said its order book position, as of October 1, 2023, stood at ₹68,728 crore.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Gonda Lok Sabha election: BJP's Kirti Vardhan Singh takes on Beni Prasad Verma's granddaughter Shreya
May 19, 2024 10:19 PM
Faizabad Lok Sabha election: Can Ayodhya Ram Temple strengthen BJP's stronghold here?
May 19, 2024 10:16 PM
Amethi Lok Sabha election: Can BJP's Smriti Irani retain the Congress bastion she won in 2019?
May 19, 2024 10:12 PM
Rae Bareli Lok Sabha Election: Can Rahul hold on to this Gandhi family bastion?
May 19, 2024 10:09 PM