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Bharat Electronics Limited (BEL), the Navratna Defence PSU, reported a 47.33 per cent increase in net profit to ₹1,316.06 crore for the third quarter of FY 2024-25, compared to ₹893.30 crore in the same period last year. The company’s turnover rose by 36.97 per cent to ₹5,643.25 crore, up from ₹4,120.10 crore in Q3 FY 2023-24.
The defense electronics manufacturer’s profit before tax grew by 49.64 per cent to ₹1,754.15 crore in the quarter ended December 2024, versus ₹1,172.26 crore in the corresponding quarter.
For the nine months ending December 2024, BEL achieved a turnover of ₹14,173.68 crore, compared to ₹11,484.92 crore in the previous year. The company’s PAT for this period increased to ₹3,183.47 crore from ₹2,236.48 crore.
The company’s order book position stood at ₹71,100 crore as of January 1, 2025, indicating strong future revenue visibility.
Following the earnings announcement, BEL’s shares gained 3.75 per cent to trade at ₹289.20 on the NSE, with an intraday high of ₹292.20 and low of ₹281.60. The stock opened at ₹283.90, above its previous close of ₹278.75.
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