BEL registers a growth of 49% in PAT during 3rd Quarter of FY 2023-24

New Delhi: Navratna Defence PSU Bharat Electronics Limited (BEL) has achieved a Turnover of Rs. 4120.10 Cr, registering a growth of 1.83% during 3rd Quarter of FY 2023-24 over the Turnover of Rs. 4046.11 Cr recorded in the corresponding period of the previous year.

Profit Before Tax (PBT) during 3rd Quarter of FY 2023-24 stood at Rs. 1172.26 Cr, with a growth of 46.45% over the Profit Before Tax (PBT) of Rs. 800.43 Cr recorded in the corresponding period of the previous year.
 

Join PSU Connect on WhatsApp now for quick updates! Click here

Read Also : Civil Construction PSU, NBCC bags construction projects worth Rs 9,445 crore

Profit After Tax (PAT) during 3rd Quarter of FY 2023-24 stood at Rs. 893.30 Cr, with a growth of 49.19% over the Profit After Tax (PAT) of Rs. 598.77 Cr recorded in the corresponding period of the previous year.

Up to 3rd Quarter of FY 2023-24, BEL achieved a Turnover of Rs. 11484.92 Cr as against Rs. 11005.89 Cr recorded in the corresponding period of the previous year. Profit Before Tax (PBT) has increased to Rs. 2948.95 Cr from Rs. 2203.39 Cr recorded in the corresponding period of the previous year. The Profit After Tax (PAT) has increased to Rs. 2236.48 Cr from Rs. 1641.31 Cr recorded in the corresponding period of the previous year.

Read Also : Railway PSU stock RVNL to get focus, secures Letter of Award from Southern Railway

The Board of Directors in their meeting held on 29th January 2024 declared Interim Dividend of Rs. 0.70 paise per equity share (on face value of Rs 1/- each). The said dividend will be payable to the eligible shareholders holding shares as on the record date, i.e. 10th February 2024.

The order book position of the company as on 1st January, 2024, stood at Rs. 76217 Cr.

Read Also : GPIIL enters into LNG supply pact with GAIL for upcoming pellet plant