Fri Oct 25 10:37:47 UTC 2024: ### Bharat Electronics Limited (BEL) Results Summary (Q2 FY 2024)

1. **Q2 Financial Performance**:
– **Net Profit**: Increased by 34.4% year-on-year to ₹1,091.27 crore.
– **Revenue**: Grew by 14.8% to ₹4,425.29 crore, up from ₹3,918.13 crore in the same quarter last year.
– **Operating Profit (EBITDA)**: Rose by 38.3% to ₹1,388.5 crore.
– **EBITDA Margin**: Increased by 5% to 30.3%.

2. **Earnings Per Share (EPS)**:
– EPS for the September quarter stood at ₹1.49, up from ₹1.11 year-on-year.

3. **First Half of FY 2025 Performance**:
– Revenue rose by 16% to ₹8,530 crore.
– Net profit saw a 39% increase to ₹1,867 crore.

4. **Order Book**:
– As of the end of September, BEL’s order book stood at ₹74,595 crore.

5. **Stock Market Reaction**:
– Following the announcement, BEL’s shares rose approximately 0.5% to ₹272.95.
– Year-to-date, BEL’s shares have gained about 47.58%, with a remarkable 108% increase over the past year.

6. **Future Outlook**:
– Management plans to participate in a conference call with Nomura on October 28.
– Focus will be on securing new orders in the second half of FY 2025.
– BEL partnered with Canada’s Reliasat Inc to enter the aerospace sector.

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*Published on: October 25, 2024*

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