Bharat Electronics' Q2FY24 Financial Performance Review

In this financial performance review, we delve into the results of Bharat Electronics Q2FY24 and analyze key metrics, including revenue, expenses, net profit, and margin.

 

ParticularsQ2FY23YoY (% change)Q1FY24QoQ (% change)Q2FY24
Total Income (₹crs.)3,896.200.563,446.6913.683,918.13
Expenses (₹crs.)3,195.98-3.292,948.754.823,090.89
Net Profit (₹crs.)611.132.94530.8453.03812.34
Margin (%)15.685.0515.405.3320.73

 

REVENUE: 
Bharat Electronics reported a total income of ₹3,918.13 crores for Q2FY24, indicating a positive change of 13.68% sequentially. While the year-on-year growth was more modest, with a 0.56% increase, the company's performance in the current quarter demonstrates a strong upward trajectory.

 

EXPENSES: 
Expenses for Bharat Electronics in Q2FY24 amounted to ₹3,090.89 crores, showcasing a 4.82% increase compared to Q1FY24. However, the company efficiently managed its expenses, achieving a notable 3.29% decrease in expenses on a year-on-year basis, indicating a focus on cost control.

 

NET PROFIT: 
The net profit of Bharat Electronics for Q2FY24 reached ₹812.34 crores, showcasing an impressive 53.03% increase compared to the preceding quarter. On a year-on-year basis, the company recorded significant growth with a 32.94% increase in net profit, highlighting its ability to generate robust financial performance.

 

MARGINS: 
Bharat Electronics' margin in Q2FY24 was 20.73%, reflecting a positive trend with a 5.33% increase compared to the preceding quarter. Year-on-year, the company demonstrated substantial margin improvement, with a 5.05% increase, indicating its capacity to maintain profitability and efficiency.

 

In conclusion, Bharat Electronics' financial performance in Q2FY24 showcases remarkable growth in revenue, profitability, and effective expense management. The company's strong performance can be attributed to its focus on delivering quality products and solutions in the defense electronics sector. 

 

Stay tuned for more detailed updates on Bharat Electronics' financial performance in the coming quarters.

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