Shares of Bharat Electronics Ltd (BEL) witnessed a significant surge on Thursday after the defense PSU reported an impressive 47.32% year-on-year (YoY) increase in net profit for the December 2024 quarter. The company's net profit for the quarter stood at Rs 1,316.06 crore, compared to Rs 893.30 crore in the same period last year.
BEL’s revenue from operations grew 39.14% to Rs 5,756.12 crore in Q3 FY25, up from Rs 4,136.69 crore in the corresponding quarter of the previous year.
Financial Performance Overview
Metric | Q3 FY25 | Q3 FY24 | YoY Change (%) |
Net Profit (PAT) | Rs 1,316.06 Cr | Rs 893.30 Cr | +47.32% |
Revenue from Operations | Rs 5,756.12 Cr | Rs 4,136.69 Cr | +39.14% |
Turnover (Up to Q3) | Rs 14,173.68 Cr | Rs 11,484.92 Cr | - |
Profit Before Tax (PBT) | Rs 4,242.37 Cr | Rs 2,948.95 Cr | - |
Profit After Tax (PAT) | Rs 3,183.47 Cr | Rs 2,236.48 Cr | - |
Order Book & Market Performance
As of January 1, 2025, BEL’s order book stood at Rs 71,100 crore. The company announced its quarterly results during market hours, leading to a sharp movement in its stock price.
Stock Movement: BEL shares surged 4.87% to an intraday high of Rs 280.20 before settling 4.38% higher at Rs 278.90.
Recent Performance: Despite the positive movement, the stock has declined by 12.30% over the past six months.
Trading Volume: BEL witnessed high trading activity on BSE with around 20.10 lakh shares traded, surpassing the two-week average of 7.51 lakh shares.
Turnover & Market Capitalization: The stock recorded a turnover of Rs 55.09 crore, with a market capitalization of Rs 2,03,869.73 crore.
Key Valuation Metrics
Metric | Value |
P/E Ratio | 42.98 |
P/B Ratio | 11.23 |
EPS | 6.22 |
RoE | 26.12% |
Conclusion
BEL’s robust Q3 FY25 performance underscores its strong growth trajectory in the defense sector. With increasing revenues, healthy profit growth, and a solid order book, the company continues to demonstrate its market leadership. Despite recent stock volatility, investor confidence remains high, driven by BEL’s consistent financial performance.
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