BEL Records 30% Jump in Net Profit of Rs. 1,797 Cr. for FY 2023-24

Bangaluru, 21 May 2024: Bharat Electronics Ltd (BEL), a Defence Sector Public Sector Undertaking yesterday announced the financial result, where a jump of almost 30 percent seen in its consolidated net profit at Rs 1,797.11 crore for the quarter ending March 31 of the financial year 2023-2024 (Q4FY24). The state-owned company had reported a net profit of Rs 1,382.02 crore in the year-ago period.

The compnay reported an increase of 32 per cent in revenue from operations to Rs 8,564.08 crore in Q4 FY24 from Rs 6,479.12 crore in the same quarter of FY23, according to the regulatory filing.

Also, BEL’s board has recommended a final dividend of Rs 0.80 per share for FY24 which will be subject to approval by the shareholders. During the full FY24, the company reported profit after tax (PAT) at Rs 3,984.52 cr, with a growth of 33.5 per cent over the PAT of Rs 2,984.42 cr recorded during the FY23.

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