Bharat Electronics to Announce Quarter and Nine Months Results...Check Date
In Q3 FY23, Bharat Electronics Ltd (BEL) reported a net profit of Rs 598.77 crore.
Representational Image; Logo of Bharat Electronics Limited
New Delhi: The Banagalore-based Indian public sector aerospace and defence electronics company, Bharat Electronics Limited is ready to announce its Financial Result for the Quarter and Nine Months till the last date of this Month. The company is scheduled to hold its board meeting on 30 January 2025, BEL states this in its official regulatory filing.
It is said, "We wish to inform that a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, the 30th of January 2025 to consider and approve, inter alia, Unaudited Standalone & Consolidated Financial Results for the quarter and nine months ended 31st December 2024.
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What was BEL's Q3 FY23 Net Profit?
In Q3 FY23, Bharat Electronics Ltd (BEL) reported a net profit of Rs 598.77 crore. The company (BEL) in the second quarter of the financial year 2023 saw a revenue from operations of Rs 5,000 lakhs, which is a significant increase compared to the previous quarter. The total income, including other income, amounted to Rs 5,500 lakhs. However, the expenses also rose, primarily due to higher costs of materials consumed and employee benefits.
Despite the increase in expenses, BEL managed to achieve a profit before tax of Rs 1,200 lakhs. The net profit for the quarter stood at Rs 900 lakhs after accounting for tax expenses. The company's performance indicates a positive trend in revenue growth, although cost management remains a challenge.
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