Bharat Electronics gains on reporting 47% rise in Q1 consolidated net profit
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Bharat Electronics is currently trading at Rs. 128.50, up by 1.25 points or 0.98 % from its previous closing of Rs. 127.25 on the BSE.
The scrip opened at Rs. 129.75 and has touched a high and low of Rs. 131.75 and Rs. 127.35 respectively. So far 1790667 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 131.75 on 28-Jul-2023 and a 52 week low of Rs. 87.00 on 30-Jan-2023.
Last one week high and low of the scrip stood at Rs. 131.75 and Rs. 124.80 respectively. The current market cap of the company is Rs. 94223.05 crore.
The promoters holding in the company stood at 51.14%, while Institutions and Non-Institutions held 42.18% and 6.68% respectively.
Bharat Electronics has reported 23.02% rise in its net profit at Rs 530.84 crore for first quarter ended June 30, 2023 (Q1FY24) as compared to Rs 431.49 crore for the same quarter in the previous year. Total income of the company increased by 11.61% at Rs 3,652.50 crore for Q1FY24 as compared Rs 3,272.52 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 47.03% rise in net profit at Rs 538.60 crore for the quarter ended June 30, 2023 as compared to Rs 366.33 crore for the same quarter in the previous year. Total income of the company increased by 13.97% at Rs 3,673.17 crore for Q1FY24 as compared Rs 3,222.82 crore for the corresponding quarter previous year.
