Bharat Electronics climbs after Q4 PAT rises 31% to Rs 1,356 cr

Bharat Electronics (BEL) rose 2.05% to Rs 154.45 after the company's consolidated net profit jumped 30.5% to Rs 1,355.73 crore on 18.2% rise in net sales to Rs 6,769.96 crore in Q4 March 2021 over Q4 March 2020.

Profit before tax soared 36.3% to Rs 1,935.97 crore in Q4 FY21 as against Rs 1,420.09 crore in Q4 FY20. The Q4 earnings were announced after trading hours yesterday, 22 June 2021.

During the financial year, BEL's consolidated net profit climbed 15.43% to Rs 2,069.34 crore on 9.60% increase in net sales from operations to Rs 13,849.71 crore in FY 2021 over FY 2020. The company had an order book position of Rs 53,434 crore as on 1 April 2021.

The company's board has recommended a final dividend of Rs 1.20 per share for FY 2020-21.

BEL is a state-owned aerospace and defense company with about nine factories, and several regional offices in India. It primarily manufactures advanced electronic products for the Indian Armed Forces.

The Government of India held 51.14% stake in BEL as on 31 March 2021.

Powered by Capital Market - Live News