The Ministry of Defense of the Government of India oversees Bharat Electronics Limited (BEL), a Navratna PSU that develops electronic equipment and items for the country’s defense industry. For fiscal year 2022-2023, the Corporation has established a record date for the second interim dividend.
“In terms of Regulation 42(2) of the SEBI (LODR) Regulations, 2015, we wish to inform you that for the purpose of ascertaining the eligibility of the shareholder for payment of Second Interim Dividend on the Equity Shares of the Company, the record date of BEL The board of directors said in a stock exchange filing, for the financial year 2022-23, if declared, would be Saturday, March 25, 2023.
Bharat Electronics has declared an equity dividend of 450.00% on face value 1, or 4.5 per share, for the financial year ending March 2022. With the share price as it is now, this generates a dividend yield of 4.85%. According to Trendline data, since August 27, 2001, Bharat Electronics Limited has issued 46 dividends, and in the last 12 months, the company has declared equity dividends. 3.60 per share.
In a board meeting held on January 28, 2023, the firm declared its first interim dividend for the financial year (FY) 22–23, which is 60% or Rs. 0.60 per share (at face value of Rs 1 per share). The record date was set as February 10, 2023.
Reported revenue from operations of Bharat Electronics Limited (BEL) 4064.9 cr in Q3 FY23 as compared to Rs. 3660.84 crore was reported in Q3 FY22, representing a growth of 11.04%. Company’s consolidated net profit up by 2.87% 613.01 crore in the quarter ending December 2022 595.86 crore in the quarter ending December 2021. BEL’s EPS stood at As against 0.83 in Q3FY23 0.82 in Q3FY22.
Bharat Electronics Limited shares closed today on NSE 92.90 per share, up 0.60% from its previous close. 92.35. The traded volume reached 1,42,85,446 shares as compared to the 20-day average volume of 1,32,55,878 shares. In last 1 year, the stock has gained 35.58% and on YTD basis, it has declined 7.33% in 2023 so far. The stock has touched a 52-week high. 114.65 (15-Sep-2022) and at 52-week low at 67.75 (as on 15-Mar-2022). During Q3FY23, the company reported promoter shareholding of 51.14%, FII shareholding of 17.34%, DII shareholding of 25.04% and public shareholding of 6.47%.
Know your inner investor
Do you have guts of steel or are you a victim of insomnia regarding your investments? Let’s define your investment approach.
catch all business News, market news, today’s fresh news events and Breaking News Update on Live Mint. download mint news app To get daily market updates.