BEL Q4 Results 2024
Discover Bharat Electronics Limited's impressive financial performance in Q4 2024. Increased profits, higher revenue, and dividend recommendations showcased in a straightforward manner.
by S Samayanka
Updated May 21, 2024
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BEL
Bharat Electronics Limited (BEL) is a company that specializes in aerospace and defense electronics and is owned by the Indian government. The primary focus of the company is to manufacture advanced electronic products for use in ground-based and aerospace applications.
BEL is a division of the Ministry of Defense in India and is among the sixteen public sector undertakings (PSUs). It has been awarded Navratna status by the Government of India.
BEL Q4 Results 2024
|
Particulars |
Quarter ended March 31, 2024. |
Year ended March 31, 2024 (Audited) |
|
Revenue from operations |
₹8,52,854 |
₹20,16,939 |
|
Other income |
₹22,052 |
₹75,584 |
|
Total income (1+2) |
₹8,74,906 |
₹20,92,523 |
|
Expenses |
||
|
Cost of materials consumed |
₹4,57,112 |
₹15,59,067 |
|
Consumption of stock-in-trade |
₹17,796 |
₹62,886 |
|
Changes in inventories of finished goods, work-in-progress |
(₹34,970) |
(₹56,057) |
|
and scrap |
||
|
Employee benefits expenses |
₹63,000 |
₹2,13,861 |
|
Finance costs |
₹393 |
₹9,37,844 |
|
Depreciation and amortisation expense |
₹11,093 |
₹40,787 |
|
Other expenses |
₹1,21,921 |
₹4,02,000 |
|
Total expenses (a to g) |
₹6,36,345 |
₹15,59,067 |
|
Profit before exceptional items & tax (3-4) |
₹2,38,561 |
₹5,33,456 |
|
Exceptional items |
- |
- |
|
Profit before tax (5 - 6) |
₹2,38,561 |
₹5,33,456 |
|
Tax expense |
||
|
Current tax |
₹73,712 |
₹1,44,959 |
|
Earlier years tax |
(₹6,890) |
(₹6,890) |
|
Deferred tax |
(₹6,613) |
₹12,376 |
|
Total provision for taxation |
₹60,209 |
₹97,821 |
|
Profit for the period (7 - 8) |
₹1,78,352 |
₹4,02,000 |
|
Other Comprehensive Income / (Loss) |
||
|
Items that will not be reclassified subsequently to profit... |
||
|
Remeasurement of the net defined benefit liability/asset |
(₹11,567) |
(₹25,999) |
|
Equity instruments through other comprehensive income |
||
|
Income tax relating to these items |
||
|
Total other comprehensive income / (loss) (net of tax) |
(₹11,567) |
(₹25,999) |
|
Total comprehensive income for the period (9 + 10) |
₹1,69,698 |
₹3,96,236 |
|
Paid-up equity share capital (Face Value of ₹1/- each) |
₹73,098 |
₹73,098 |
|
Earnings per share (Basic & Diluted) (₹) (not annualised) |
2.44 |
5.50 |
BEL Q4 Results 2024 Highlights
Bharat Electronics Limited (BEL) reported strong financial results for the fourth quarter of 2024. These results reflect a strong performance, driven by increased income and efficient operations, despite a slight drop in operating margin
Increased Profit:
Bharat Electronics Ltd. (BEL) made more money in the last quarter compared to the same period last year.
Their profit went up by about 30%. This means they earned Rs 1,797.11 crore, which is higher than the Rs 1,382.02 crore they earned in the same quarter of the previous year.
Higher Revenue:
The company also saw a rise in the money it made from its operations. Their revenue went up by 32% compared to the same quarter last year.
This means they earned Rs 8,564.08 crore from their operations, compared to Rs 6,479.12 crore in the previous year.
Dividend Recommendation:
BEL's board suggested giving a final dividend of Rs 0.80 per share for the financial year 2024. However, this decision needs approval from the shareholders.
Full-Year Performance:
For the entire financial year 2024, BEL's profit after tax (PAT) stood at Rs 3,984.52 crore. This shows a growth of 33.5% over the previous financial year, where they earned Rs 2,984.42 crore.
BEL Balance Sheet 2024
|
Particulars |
As of March 31, 2024 |
As of March 31, 2023 |
|
ASSETS |
||
|
Non-current assets |
||
|
Property, plant, and equipment |
5,26,450 |
5,15,120 |
|
Capital work-in-progress |
2,69,911 |
2,59,630 |
|
Investment property |
45,377 |
36,157 |
|
Other intangible assets |
5,978 |
6,583 |
|
Intangible assets under development |
43,730 |
47,970 |
|
Financial assets |
76,779 |
66,440 |
|
Deferred tax assets (net) |
703 |
656 |
|
Inventories |
1,428 |
1,917 |
|
Other non-current assets |
57,416 |
50,339 |
|
Total Non-current assets |
5,26,450 |
5,15,120 |
|
Current assets |
||
|
Inventories |
7,40,759 |
7,41,437 |
|
Financial assets |
7,36,219 |
6,40,618 |
|
Current tax assets (net) |
1,14,900 |
7,02,201 |
|
Other current assets |
9,81,910 |
3,86,418 |
|
Total Current assets |
33,89,115 |
29,90,328 |
|
Total Assets |
39,15,565 |
35,05,448 |
|
EQUITY AND LIABILITIES |
||
|
Equity |
||
|
Equity share capital |
73,098 |
73,098 |
|
Other equity |
15,35,141 |
12,85,101 |
|
Total Equity |
16,08,239 |
13,58,199 |
|
Non-current liabilities |
||
|
Deferred income |
5,709 |
6,019 |
|
Financial liabilities |
6,025 |
5,942 |
|
Trade payables |
- |
- |
|
Other financial liabilities |
96,104 |
83,897 |
|
Provisions |
37 |
37 |
|
Other non-current liabilities |
473 |
480 |
|
Total Non-current liabilities |
1,08,318 |
96,368 |
|
Current liabilities |
||
|
Deferred income |
310 |
336 |
|
Financial liabilities |
226 |
192 |
|
Trade payables |
21,217 |
20,713 |
|
Other financial liabilities |
3,48,148 |
3,11,253 |
|
Other current liabilities |
1,31,303 |
1,27,006 |
|
- Provisions |
16,28,904 |
15,29,066 |
|
Current tax liabilities (net) |
68,900 |
62,315 |
|
Total Current liabilities |
21,99,008 |
20,50,881 |
|
Total Equity and Liabilities |
39,15,565 |
35,05,448 |
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BEL Q4 Results 2024 - FAQs
1. What is Bharat Electronics Limited (BEL)?
BEL is a government-owned company in India that makes aerospace and defense electronics.
2. What does BEL primarily manufacture?
BEL makes advanced electronic products for ground-based and aerospace applications.
3. What was BEL's profit for the entire financial year 2024?
BEL's profit for the year was ₹4,02,000 lakh.
4. What is the final dividend recommended by BEL's board for 2024?
The board recommended a final dividend of Rs. 0.80 per share.
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