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.
(Defence Watch– India’s Defence News centre that places the spotlight on Defence Manufacturing, Defence Technology, Strategy and Military affairs is on Twitter. Follow us here and stay updated.)