Q4: Bharat Bijlee Share Hits New 52-Week High, Declares Rs 40/Share Dividend

Leading small cap company operating in electric sector, Bharat Bijlee Ltd share traded its new 52-week high on Monday after company declared impressive quarterly results. For Q4 FY2023, it announced a net income of Rs 438 crore, up 22% against Rs 358 crore declared in Q4 of FY2022. It also announced a dividend of Rs 40 per share. Bharat Bijlee share gave 116% return in last 1-year. Check details below:

Bharat Bijlee Declares Dividend: According to the BSE filing of the company, "3. Recommended a Dividend of Rs. 40/- per fully paid-up equity share (400%) of face value of Rs. 10/- each, for the Financial Year ended March 31, 2023. The Dividend, if approved by the Shareholders at the ensuing 76th Annual General Meeting ('AGM') of the Company, shall be paid to the shareholders within thirty (30) days from the date of the said AGM."

Bharat Bijlee Q4: For the quarter ended March 2023, Bharat Bijlee's net profit declared at Rs 26.86 crore, up 131.35% YoY from Rs 11.61 Cr announced in the quarter ended March 2022. Bharat Bijlee's EPS declared at Rs 47.53 for the quarter under consideration, up 131.40% YoY from Rs 20.54 in the year-ago quarter.

Bharat Bijlee Stock Performance & Return: Current market price of Bharat Bijlee share is Rs 3044.95 apiece on BSE. Bharat Bijlee stock touched its 52-week high in trade today. Bharat Bijlee share 52-week high price is Rs 3,139.95 apiece and 52-week low price is Rs 1,406.00, respectively. Bharat Bijlee has a market capitalisation of Rs 1,730.82 crore.

Bharat Bijlee share gave 29% return in last 6-months, 116% return in last 1-year, 137% return in last 2-years, and 371% return in last 3-years.

Bharat Bijlee About: Bharat Bijlee is a leading Electrical Engineering company based in India. Established in 1946, its primary business segments are Power Transformers, Projects, Electric Motors, Magnet Technology Machines, Drives and Industrial Automation solutions, according to its official website.