Bharat Electronics April-June Net Profit Up 25% On Lower Expenses, Steady Sales

Bharat Electronics Ltd. reported a 24.9% on-year rise in net profit for April–June at ₹9,690.0 million, compared to ₹7,760.0 million a year ago. This marked the tenth consecutive quarter of double-digit growth in net profit and the eleventh straight quarter of on-year profit expansion.

Revenue rose 5.2% on year to ₹44,170.0 million from ₹41,990.0 million, continuing a 13-quarter streak of revenue growth.
Total income for the quarter increased 4.1% on year to ₹45,800.0 million, supported by higher operational income despite a 18.7% decline in other income to ₹1,640.0 million.

Total expenses during the quarter fell 2.1% on year to ₹32,910.0 million from ₹33,630.0 million. Cost of materials consumed dropped 22.9% to ₹19,500.0 million, while consumption of stock-in-trade surged 48.3% to ₹991.5 million.

Employee costs rose 4.5% to ₹6,900.0 million. Depreciation and amortisation expenses increased 12.6% to ₹1,130.0 million, and other expenses jumped 35.9% to ₹4,220.0 million. Finance costs grew 22.0% to ₹14.4 million.

As of July 1, the company’s order book stood at ₹748,600.0 million.