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
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.