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Bharat Electronics reports 30% rise in Q4 consolidated net profit

21 May 2024 Evaluate

Bharat Electronics has reported results for fourth quarter (Q4) and year ended March 31, 2024.

The company has reported 30.63% rise in its net profit at Rs 1,783.52 crore for the quarter under review as compared to Rs 1,365.36 crore for the same quarter in the previous year. Total income of the company increased by 34.10% at Rs 8,749.06 crore for Q4FY24 as compared Rs 6,524.38 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 30.00% rise in its net profit at Rs 1,796.67 crore for fourth quarter ended March 31, 2024 as compared to Rs 1,382.01 crore for the same quarter in the previous year. Total income of the company increased by 34.29% at Rs 8,789.51 crore for Q4FY24 as compared Rs 6,545.28 crore for the corresponding quarter previous year.

For the year ended March 31, 2024, the company has reported 33.7% rise in its net profit at Rs 4,020.00 crore as compared to Rs 3,006.67 crore for the previous year. Total income of the company increased by 16.21% at Rs 20,925.23 crore for year under review as compared to Rs 18,006.22 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the company has reported 33.45% rise in its net profit at Rs 3,985.24 crore as compared to Rs 2,986.24 crore for the previous year. Total income of the company increased by 16.23% at Rs 20,938.38 crore for year under review as compared to Rs 18,015.24 crore for year ended March 31, 2023. 

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