On Monday, May 20, 2024, Bharat Electronics, a major defence PSU, is scheduled to release its Q4 earnings. The company is expected to post a 9% YoY increase in its standalone PAT, reaching Rs 1,490 crore.
Rising 129% in just a year, this Navratna PSU is about to release its Q4 results. Here's what to anticipate
The Navratna PSU, Bharat Electronics Limited (BEL), is expected to release its Q4FY24 earnings on May 20 along with the final dividend for the fiscal year 2023–2024. The aerospace and defense firm is expected to publish strong results for the January–March quarter, according to stock 24 news Research Desk. The company’s standalone profit after tax (PAT) is reported at Rs 1,490 crore, up 9% year over year from Rs 1,365 crore in the same period the previous fiscal year.
Due to the company’s strong order inflow and enhanced order execution, standalone revenue for the reporting quarter is expected to surge by 30.4% year over year. Revenue for the same period last year was recorded at Rs 6,457 crore; however, the desk sees revenue coming in at Rs 8,417 crore.
Earnings before interest, taxes, depreciation, and amortisation (EBITDA), a measure of profitability, for BEL’s Q4 standalone is predicted to increase 8% YoY to Rs 1,969 crore from Rs 1,825 crore in Q4FY23. However, given the high base of the prior year, margins at the state-run company are probably going to face pressure and end up at 23%. In the March quarter of FY23, the same was reported to be 28.3%.
BEL’s order book for FY24
The company’s order book stood at Rs 35,000 crore, up 70% YoY, as opposed to the projection of Rs 20,000 crore in FY24. Since the order inflows have already exceeded the original projection, their execution will now be monitored.
Important cautions
Stakeholders will be closely monitoring the company’s order inflow outlook and, specifically, any discussion regarding its Quick Reaction Surface to Air Missile (QRSAM) program. Investors will also be watching the company’s export and non-defense business, as well as any updates on order flow following the elections.
The share price performance of BEL
Over the previous year, shares of the public sector undertaking had produced 129 per cent return.
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