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Consolidated net sales (including other operating income) of Bharat Electronics for the quarter ended Mar 2024 has increased 32.18% to Rs 8564.08 crore. Operating profit margin has declined from 28.27% to 26.71%, leading to 24.86% rise in operating profit to Rs 2,287.23 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 48.11% to 51.31%. Purchase of finished goods cost fell from 3.38% to 2.00%. Employee cost decreased from 8.74% to 7.17%. Other expenses rose from 11.35% to 13.81%. Other income rose 240.73% to Rs 225.43 crore. PBIDT rose 32.38% to Rs 2512.66 crore. Provision for interest rose 64.63% to Rs 4.05 crore. Loan funds rose to Rs 62.51 crore as of 31 March 2024 from Rs 61.34 crore as of 31 March 2023. Inventories rose to Rs 7,446.89 crore as of 31 March 2024 from Rs 6,448.04 crore as of 31 March 2023. Sundry debtors were higher at Rs 7,392.38 crore as of 31 March 2024 compared to Rs 7,033.48 crore as of 31 March 2023. Cash and bank balance rose to Rs 11,056.59 crore as of 31 March 2024 from Rs 8,111.58 crore as of 31 March 2023. Investments rose to Rs 682.23 crore as of 31 March 2024 from Rs 649.99 crore as of 31 March 2023 . PBDT rose 32.34% to Rs 2508.61 crore. Provision for depreciation rose 4% to Rs 118.54 crore. Fixed assets increased to Rs 3,244.93 crore as of 31 March 2024 from Rs 3,055.60 crore as of 31 March 2023. Intangible assets declined from Rs 762.20 crore to Rs 684.00 crore. Profit before tax grew 34.16% to Rs 2,390.07 crore. Share of profit/loss was 29.56% lower at Rs 11.01 crore. Provision for tax was expense of Rs 604.41 crore, compared to Rs 415.18 crore. Effective tax rate was 25.17% compared to 23.10%. Minority interest decreased 4,300% to Rs -0.44 crore. Net profit attributable to owners of the company increased 30.04% to Rs 1,797.11 crore. Full year results analysis.
Net sales (including other operating income) of Bharat Electronics has increased 14.29% to Rs 20268.24 crore. Operating profit margin has jumped from 23.04% to 24.90%, leading to 23.51% rise in operating profit to Rs 5,046.41 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 51.82% to 50.45%. Purchase of finished goods cost fell from 4.57% to 3.02%. Employee cost decreased from 12.78% to 11.95%. Other expenses rose from 8.29% to 10.35%. Other income rose 138.65% to Rs 670.14 crore. PBIDT rose 30.91% to Rs 5716.55 crore. Provision for interest fell 52.24% to Rs 7.14 crore. Loan funds rose to Rs 62.51 crore as of 31 March 2024 from Rs 61.34 crore as of 31 March 2023. Inventories rose to Rs 7,446.89 crore as of 31 March 2024 from Rs 6,448.04 crore as of 31 March 2023. Sundry debtors were higher at Rs 7,392.38 crore as of 31 March 2024 compared to Rs 7,033.48 crore as of 31 March 2023. Cash and bank balance rose to Rs 11,056.59 crore as of 31 March 2024 from Rs 8,111.58 crore as of 31 March 2023. Investments rose to Rs 682.23 crore as of 31 March 2024 from Rs 649.99 crore as of 31 March 2023 . PBDT rose 31.20% to Rs 5709.41 crore. Provision for depreciation rose 3.35% to Rs 443.2 crore. Fixed assets increased to Rs 3,244.93 crore as of 31 March 2024 from Rs 3,055.60 crore as of 31 March 2023. Intangible assets declined from Rs 762.20 crore to Rs 684.00 crore. Profit before tax grew 34.24% to Rs 5,266.21 crore. Share of profit/loss was 8.19% lower at Rs 42.13 crore. Provision for tax was expense of Rs 1323.1 crore, compared to Rs 982.56 crore. Effective tax rate was 24.92% compared to 24.76%. Minority interest decreased 60.44% to Rs 0.72 crore. Net profit attributable to owners of the company increased 33.51% to Rs 3,984.52 crore. Equity capital stood at Rs 730.98 crore as of 31 March 2024 to Rs 730.98 crore as of 31 March 2023. Per share face Value remained same at Rs 1.00. Promoters’ stake was 51.14% as of 31 March 2024 ,compared to 51.14% as of 31 March 2023 . Cash flow from operating activities increased to Rs 4,659.49 crore for year ended March 2024 from Rs 1,199.26 crore for year ended March 2023. Cash flow used in acquiring fixed assets during the year ended March 2024 stood at Rs 652.53 crore, compared to Rs 590.45 crore during the year ended March 2023.
| Bharat Electronics : Consolidated Results | | | Quarter ended | Year ended |
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| Particulars | 202403 | 202303 | Var.(%) | 202403 | 202303 | Var.(%) |
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| Net Sales (including other operating income) | 8,564.08 | 6,479.12 | 32.18 | 20,268.24 | 17,734.44 | 14.29 | | OPM (%) | 26.71 | 28.27 | -157 bps | 24.90 | 23.04 | 186 bps | | OP | 2,287.23 | 1,831.84 | 24.86 | 5,046.41 | 4,085.88 | 23.51 | | Other Inc. | 225.43 | 66.16 | 240.73 | 670.14 | 280.80 | 138.65 | | PBIDT | 2,512.66 | 1,898.00 | 32.38 | 5,716.55 | 4,366.68 | 30.91 | | Interest | 4.05 | 2.46 | 64.63 | 7.14 | 14.95 | -52.24 | | PBDT | 2,508.61 | 1,895.54 | 32.34 | 5,709.41 | 4,351.73 | 31.20 | | Depreciation | 118.54 | 113.98 | 4.00 | 443.2 | 428.82 | 3.35 | | PBT | 2,390.07 | 1,781.56 | 34.16 | 5266.21 | 3922.91 | 34.24 | | Share of Profit/(Loss) from Associates | 11.01 | 15.63 | -29.56 | 42.13 | 45.89 | -8.19 | | PBT before EO | 2401.08 | 1797.19 | 33.60 | 5308.34 | 3968.8 | 33.75 | | EO Income | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 2401.08 | 1797.19 | 33.60 | 5308.34 | 3968.8 | 33.75 | | Taxation | 604.41 | 415.18 | 45.58 | 1323.1 | 982.56 | 34.66 | | PAT | 1796.67 | 1382.01 | 30.00 | 3985.24 | 2986.24 | 33.45 | | Minority Interest (MI) | -0.44 | -0.01 | -4,300.00 | 0.72 | 1.82 | -60.44 | | Net profit | 1797.11 | 1382.02 | 30.04 | 3984.52 | 2984.42 | 33.51 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 1797.11 | 1382.02 | 30.04 | 3984.52 | 2984.42 | 33.51 | | EPS (Rs)* | 2.46 | 1.89 | 30.04 | 5.45 | 4.08 | 33.51 | | | * EPS is on current equity of Rs 730.98 crore, Face value of Rs 1, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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