Bharat Electronics zooms on reporting many fold jump in Q1 consolidated net profit
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Bharat Electronics is currently trading at Rs. 254.80, up by 9.35 points or 3.81% from its previous closing of Rs. 245.45 on the BSE.
The scrip opened at Rs. 249.00 and has touched a high and low of Rs. 260.75 and Rs. 249.00 respectively. So far 2169456 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 260.75 on 18-Jul-2022 and a 52 week low of Rs. 162.40 on 09-Aug-2021.
Last one week high and low of the scrip stood at Rs. 260.75 and Rs. 230.20 respectively. The current market cap of the company is Rs. 62145.30 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 around 39-fold jump in its net profit at Rs 431.49 crore for the quarter ended June 30, 2022 as compared to Rs 11.15 crore for the same quarter in the previous year. Total income of the company increased by 94.88% at Rs 3,272.52 crore for Q1FY23 as compared Rs 1,679.25 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported 15-fold jump in its net profit at Rs 366.33 crore for the quarter ended June 30, 2022 as compared to Rs 24.41 crore for the same quarter in the previous year. Total income of the company increased by 90.25% at Rs 3,222.82 crore for Q1FY23 as compared Rs 1,693.98 crore for the corresponding quarter previous year
