BEL Q1 net profit jumps by nearly 50%, margins expand

Mumbai: Defence PSU Bharat Electronics (BEL) has posted double-digit growth on a year-on-year basis in its quarter ending June 30, 2024, period.

In Q1, BEL earned a standalone net profit of Rs 776.14 crore, rising by a whopping 46% from a net profit of Rs 530.84 crore in the same period a year ago.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) also saw a 41% jump from the year-ago quarter to ₹937 crore, while the CNBC-TV18 poll estimate stood at ₹860 crore.

EBITDA margin for the quarter expanded by over 330 basis points to 22.3% from 19% last year and was also higher than the CNBC-TV18 poll of 21.8%.

The company said in an exchange filing that the order book position for the company, as on July 1, 2024, stood at ₹76,705 crore.

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