Q2 results today: Beating the market edstimates, Governmetn of India (GoI)-owned Bharat Electronics Ltd has declared its second quarter results on Saturday. The board of directors of the aerospace and defence electronics company considered and approved the unaudited financial results of the company in its board meeting today.
The state-owned defence company reported net profit of ₹812.34 crore during Q2FY24, logging year-on-year (YoY) jump 32.9 per cent against the net profit of the company in corresponding period in previous financial year. In Q2FY23, BEL’s net profit was at ₹611.05 crore. In April to June 2023 quarter, net profit of the aerospace and defence electronics company was at ₹530.84 crore. So, the GoI-backed company has registered rise in net profit both sequentially and in YoY terms.
Company’s total income during July to September 2023 quarter has come at ₹4,163.83 crore, which stood at ₹4,020.84 crore in Q2FY23. So, total income of the company has grown 3.55 per cent YoY.
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Updated: 28 Oct 2023, 01:49 PM IST