Bharat Electronics Q1 Results: Profit Surges 46.2%, Beats Estimates
Its revenue rose 19.6% to Rs 4,199 crore in the April-June period, as against Rs 3,511 crore over the same period last year.
Bharat Electronics Ltd.'s first-quarter profit rose, beating estimates.
Net profit of the company increased 46.2% year-on-year to Rs 776 crore for the quarter-ended June, according to an exchange filing on Monday.
Its revenue rose 19.6% to Rs 4,199 crore in the April-June period, as against Rs 3,511 crore over the same period last year. This was higher than the consensus estimate of Rs 3,896.8 crore, as per Bloomberg. The company's order book stood at Rs 76,705 crore as on July 1.
Bharat Electronics Q1 FY25 Highlights (YoY)
Revenue up 19.6% to Rs 4,199 crore (Bloomberg estimate: Rs 3,896.8 crore).
Ebitda rose 41% to Rs 937 crore (Bloomberg estimate: Rs 829.9 crore).
Margin at 22.3% versus 18.9% (Bloomberg estimate: 21.3%).
Net profit rose 46.2% to Rs 776 crore (Bloomberg estimate: Rs 648.6 crore).
FY25 Guidance
Maintains 15% revenue growth guidance for FY25.
Expects Ebitda margin to remain in the 23-25% range.
Retains order inflow guidance of Rs 25,000 crore for FY25.
Other Key Highlights
Seeking final approval for QRSAM (Quick Reaction Surface-to-Air Missile) order from Ministry Of Defence, expected next April-June.
Expecting more than Rs 25,000 crore order for QRSAM next year.
Defence mix stood at 84%, non-defense mix at 14% and exports at 2%.
Planned capex of Rs 800 crore for FY25.
Order mix included 50% repeat orders and 50% new orders.
Expect order book-to-revenue ratio of 2-3 times, going forward.
Shares of Bharat Electronics closed 3.68% higher at Rs 321.3 apiece, as compared with a 0.01% advance in the Nifty 50.
