Defence PSU stock alert: Bharat Electronics gains over 5% amid strong earnings profit, orderbook at 71K crore

The company’s order book position stood at Rs 71,100 crore as of January 1, 2025, indicating strong revenue growth.

Defence PSU stock alert: Bharat Electronics gains over 5% amid strong earnings profit, orderbook at 71K crore
Defence PSU stock alert Bharat Electronics gains over 5 amid strong earnings profit, orderbook at 71K crore

Navratna Defence PSU Bharat Electronics Ltd reported a 47.3% increase in net profit to Rs 1,316.06 crore for the third quarter of FY 2024-25, compared to Rs 893.30 crore in the same period last year.

The company’s turnover rose by 36.97% to Rs 5,643.25 crore, up from Rs 4,120.10 crore in Q3 FY 2023-24. The company’s order book position stood at Rs 71,100 crore as of January 1, 2025, indicating strong revenue growth.

Following the earnings announcement, the stock gained 5.47% to trade at Rs 294.20 on the NSE, with an intraday high of Rs 292.20 and a low of Rs 281.60. The stock opened at Rs 283.90, above its previous close of Rs 278.75. The stock's dividend yield stood at 0.75%.

In the past five days, Bharat Electronics share price has rallied 10.6%. In the last month, its share price has been flat. The stock is down 7.6% over the past six months. But it has rallied 57.2% in the last one year.

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