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Bharat Electronics trades higher on reporting 20% rise in Q4 consolidated net profit
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Bharat Electronics is currently trading at Rs. 111.00, up by 3.95 points or 3.69% from its previous closing of Rs. 107.05 on the BSE.
The scrip opened at Rs. 108.25 and has touched a high and low of Rs. 111.30 and Rs. 107.55 respectively. So far 1050782 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 115.00 on 15-Sep-2022 and a 52 week low of Rs. 73.23 on 24-May-2022.
Last one week high and low of the scrip stood at Rs. 111.30 and Rs. 105.75 respectively. The current market cap of the company is Rs. 81065.45 crore.
The promoters holding in the company stood at 51.14%, while Institutions and Non-Institutions held 41.92% and 6.94% respectively.
Bharat Electronics has reported 19.58% rise in net profit at Rs 1,365.36 crore for the fourth quarter (Q4) ended March 31, 2023 as compared to Rs 1,141.81 crore for the same quarter in the previous year. Total income of the company increased by 2.12% at Rs 6,524.38 crore for Q4FY23 as compared to Rs 6,388.67 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 19.65% rise in its net profit at Rs 1382.01 crore for fourth quarter ended March 31, 2023 as compared to Rs 1155.09 crore for the same quarter in the previous year. Total income of the company increased by 2.21% at Rs 6,545.28 crore for Q4FY23 as compared to Rs 6,403.75 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 28.00% rise in its net profit at Rs 3,006.67 crore as compared to Rs 2,348.93 crore for the previous year. Total income of the company increased by 15.82% at Rs 18,006.22 crore for year under review as compared to Rs 15,547.35 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 24.42% rise in its net profit at Rs 2,986.24 crore as compared to Rs 2,400.22 crore for the previous year. Total income of the company increased by 15.48% at Rs 18,015.24 crore for year under review as compared to Rs 15,599.72 crore for year ended March 31, 2022.
