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Bharat Electronics declines on reporting 16% fall in Q4 consolidated net profit
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Bharat Electronics is currently trading at Rs. 229.95, down by 1.90 points or 0.82% from its previous closing of Rs. 231.85 on the BSE.
The scrip opened at Rs. 232.00 and has touched a high and low of Rs. 235.40 and Rs. 229.40 respectively. So far 98885 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 259.50 on 19-Apr-2022 and a 52 week low of Rs. 140.50 on 18-Jun-2021.
Last one week high and low of the scrip stood at Rs. 240.20 and Rs. 219.90 respectively. The current market cap of the company is Rs. 56394.94 crore.
The promoters holding in the company stood at 51.14%, while Institutions and Non-Institutions held 43.48% and 5.38% respectively.
Bharat Electronics has reported a fall of 15.57% in its net profit at Rs 1,141.81 crore for the quarter ended March 31, 2022 as compared to Rs 1,352.38 crore for the same quarter in the previous year. Total income of the company decreased by 8.28% at Rs 6,388.67 crore for Q4FY22 as compared Rs 6,965.51 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a fall of 15.57% in its net profit at Rs 1,155.09 crore for the quarter ended March 31, 2022 as compared to Rs 1,368.15 crore for the same quarter in the previous year. Total income of the company decreased by 8.19% at Rs 6,403.75 crore for Q4FY22 as compared Rs 6,974.98 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the company has reported a rise of 13.73% in its net profit at Rs 2,348.93 crore as compared to Rs 2,065.42 crore for the previous year. Total income of the company increased by 9.57% at Rs 15,547.35 crore for year under review as compared to Rs 14,189.93 crore for year ended March 31, 2021.
For the year ended March 31, 2022, on the consolidated basis, the company has reported a rise of 14.31% in its net profit at Rs 2,400.22 crore as compared to Rs 2,099.76 crore for the previous year. Total income of the company increased by 9.60% at Rs 15,599.72 crore for year under review as compared to Rs 14,233.65 crore for year ended March 31, 2021.
