145,946% Stock Gains, 80% Dividend: With Rs 76,705 Cr Order Book, Defence PSU BEL Posts 46% YoY Rise In Q1 PAT

Defence PSU giant, Bharat Electronics (BEL) has posted double-digit growth on a year-0n-year basis in its quarter ending June 30, 2024, period. In Q1FY25, BEL earned a standalone net profit of Rs 776.14 crore, rising by a whopping 46% from a net profit of Rs 530.84 crore in the same period a year ago.

Also, the defence PSU giant's revenue increased by 19.6% to Rs 4,198.77 crore in Q1FY25, compared to revenue of Rs 3,510.84 crore recorded in the same period last year.

However, BEL witnessed a decline in both PAT and revenue on a quarter-on-quarter basis.

The company posted a massive 56.48% decline in Q1FY25 PAT as against Rs 1,783.5 crore in Q4FY24. Also, revenue decreased by 50.76% compared to revenue of Rs 8,528.54 crore logged in Q4 of FY24.

Total expenses in the quarter were at Rs 3,362.93 crore in Q1FY25, higher from Rs 2,948.75 crore in Q1FY24, but sharply plunged from expenses of Rs 6,364.45 crore in Q4 of the previous fiscal.

Furthermore, BEL has achieved a Turnover of Rs. 4,105.14 crore, registering a growth of 19.10% during the 1st Quarter of FY 2024-25 over the Turnover of Rs. 3,446.69 crore recorded in the corresponding period of the previous year.

As of July 1, 2024, BEL's order book position is at Rs 76,705 crore.

Earlier, in July, the Navratna Defence Public Sector Undertaking company announced that it obtained an export order worth Euro 25.75 Million (Estimated Value Rs.230 Crores) from Thales Reliance Defence Systems (TRDS) for the manufacture and supply of Transmit Receive (TR) modules. The TR modules will be used in the radars of fighter aircraft.

Additionally, BEL has secured orders valued at Rs.192 Crores following the last disclosure on 28 June 2024 which comprises communication equipment, encryptors, spares and services for Radars, Fire Control Systems etc. With these, BEL has now accumulated orders totalling Rs.5,225 Crores in the current financial year.

BEL is also scheduled to deliver an 80% dividend payout which is the final for FY24.

As per the regulatory filing, the Board of Directors at their meeting held on 20th May 2024 had recommended an final dividend of 80% (Rs 0.80 per share of Rs 1/- each) for the year 2023-24 in addition to two interim Dividends amounting to 140% (Rs 1.40 per share of Rs 1/- each) which is subject to approval by the shareholders in the ensuing Annual General Meeting.

On NSE, BEL's share price ended at Rs 321.30 apiece, up by 3.7% with a market cap of Rs 2,34,863.19 crore. The stock is near its 52-week high of Rs 340.50 crore while trading more than double its 52-week low of Rs 123.50 apiece. BEL's all-time gains are breathtaking by 145,945.5% as of July 29, 2024.

Bharat Electronics Limited (BEL) is a Navratna PSU under the Ministry of Defence, Government of India. It manufactures state-of-the-art electronic products and systems for the Army, Navy and the Air Force.

BEL has also diversified into various areas like homeland security solutions, smart cities, e-governance solutions, space electronics including satellite integration, energy storage products including e-vehicle charging stations, solar, network & cyber security, railways & metro solutions, airport solutions, Electronic Voting Machines, telecom products, passive night vision devices, medical electronics, composites and software solutions.