Categories Earnings

Earnings | Bharat Electronics Limited (NSE: BEL): Q4FY23 Results Out; Total Income rises 2% YoY.

Bharat Electronics Limited was established in 1954 as a joint venture with CSF, France (now known as Thales), with the aim of meeting the specific electronic equipment needs of the Indian Defence Services. As a state-owned aerospace and defense company, BEL operates around nine factories and multiple regional offices across India. The company plays a crucial role in the indigenous development and production of advanced electronic systems for defense applications. BEL’s diverse product portfolio includes radars, sonars, communication systems, electronic warfare systems, and more. With its commitment to technological excellence and strategic partnerships, BEL continues to contribute significantly to India’s defense capabilities.
• Bharat Electronics Limited Reported Total Income for Q4 FY23 of ₹6,542 Crore up from ₹6,403 Crore year on year, a growth of 2%.
• Total Expenses for Q4 FY23 of ₹4,763 Crore down from ₹4,872 Crore year on year, a negative growth of 2%.
• Consolidated Net Profit of ₹138 Crore, up 20% from ₹115 Crore in the same quarter of the previous year.
• The Earnings per Share is ₹1.90, up 20% from ₹1.58 in the same quarter of the previous year.

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