BHARAT ELECTRONICS Announces Quarterly Results (1QFY21); Net Profit Down 73.6%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

BHARAT ELECTRONICS Announces Quarterly Results (1QFY21); Net Profit Down 73.6%
Wed, 26 Aug

BHARAT ELECTRONICS has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

BHARAT ELECTRONICS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m21,01558,05816,706-71.2%-20.5%
Other incomeRs m254283184-35.0%-27.7%
TurnoverRs m21,27058,34116,890-71.1%-20.6%
ExpensesRs m17,53443,23315,239-64.8%-13.1%
Gross profitRs m3,48114,8261,467-90.1%-57.9%
DepreciationRs m828950888-6.6%7.2%
InterestRs m3161-95.7%-78.1%
Profit before taxRs m2,90414,142762-94.6%-73.7%
TaxRs m8573,797221-94.2%-74.2%
Profit after taxRs m2,04710,345541-94.8%-73.6%
Gross profit margin%16.625.58.8
Effective tax rate%29.526.829.0
Net profit margin%9.617.73.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 20.5% on a year-on-year (YoY) basis. The expenses were down by 13.1% YoY during the same period.
  • The company's operating profit declined by 57.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.8% in 1QFY21 as against 16.6% in 1QFY20.
  • Depreciation charges increased by 7.2% and finance costs declined by 78.1% YoY, respectively.
  • Other income declined by 27.7% YoY during the quarter.
  • Net profit for the quarter declined by 73.6% YoY. Net profit margins during the quarter declined from 9.6% in 1QFY20 to 3.2% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 71.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 64.8% QoQ during the same period.
  • The company's operating profit declined by 90.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.8% in 1QFY21 as against 25.5% in 4QFY20.
  • Net profit for the quarter declined by 94.8% QoQ, while net profit margins declined from 17.7% in 4QFY20 to 3.2% in 1QFY21.

To see how BHARAT ELECTRONICS has performed over the last eight quarters,please visit here.

Revealed: 3 Stocks for Potentially Massive Gains

BHARAT ELECTRONICS Share Price Performance

Over the last one year,BHARAT ELECTRONICS share price has moved up from Rs 102.2 to Rs 112.3, registering a Gain of Rs 10.2 or around 9.9%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 14,218.9 (down 0.2%). Over the last one year it has moved down from 16,914.2 to 14,218.9, a gain of 2,695 points (down 15.9%).

Overall, the S&P BSE SENSEX is up 3.7% over the year.

Current Valuations

At the current price of Rs 112.3, the price to earnings (P/E) ratio of BHARAT ELECTRONICS stands at 16.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.0 times.

Equitymaster requests your view! Post a comment on "BHARAT ELECTRONICS Announces Quarterly Results (1QFY21); Net Profit Down 73.6%". Click here!

  

Related Views on News

BHARAT ELECTRONICS Announces Quarterly Results (3QFY21); Net Profit Up 21.7% (Quarterly Result Update)

Jan 29, 2021 | Updated on Jan 29, 2021

For the quarter ended December 2020, BHARAT ELECTRONICS has posted a net profit of Rs 3 bn (up 21.7% YoY). Sales on the other hand came in at Rs 23 bn (up 1.1% YoY). Read on for a complete analysis of BHARAT ELECTRONICS's quarterly results.

BHARAT ELECTRONICS 2019-20 Annual Report Analysis (Annual Result Update)

Dec 28, 2020 | Updated on Dec 28, 2020

Here's an analysis of the annual report of BHARAT ELECTRONICS for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of BHARAT ELECTRONICS. Also includes updates on the valuation of BHARAT ELECTRONICS.

BHARAT ELECTRONICS Announces Quarterly Results (3QFY20); Net Profit Down 57.6% (Quarterly Result Update)

Jan 31, 2020 | Updated on Jan 31, 2020

For the quarter ended December 2019, BHARAT ELECTRONICS has posted a net profit of Rs 2 bn (down 57.6% YoY). Sales on the other hand came in at Rs 23 bn (down 16.4% YoY). Read on for a complete analysis of BHARAT ELECTRONICS's quarterly results.

BHARAT ELECTRONICS 2018-19 Annual Report Analysis (Annual Result Update)

Sep 17, 2019 | Updated on Sep 17, 2019

Here's an analysis of the annual report of BHARAT ELECTRONICS for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of BHARAT ELECTRONICS. Also includes updates on the valuation of BHARAT ELECTRONICS.

More Views on News

Most Popular

A Critical Update on the Market(Fast Profits Daily)

Mar 30, 2021

In this video, I'll tell you why I am recommending caution in the market at this time.

My Recent Recommendation Will Profit from the Global Supply Chain Crisis(Profit Hunter)

Mar 31, 2021

A tiny chemical company, started in the Licence Raj era, is a great example of a new wealth creating opportunity.

My Stock Trading Strategy(Fast Profits Daily)

Mar 31, 2021

In this video I'll show you exactly how I go about picking stocks for trading.

What You Need to Find Hundred Baggers(Profit Hunter)

Mar 30, 2021

100 baggers of the last decade share this common trait. Here's how to use it to nail future multibaggers.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

BHARAT ELECTRONICS SHARE PRICE


Apr 12, 2021 (Close)

TRACK BHARAT ELECTRONICS

  • Track your investment in BHARAT ELECTRONICS with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON BHARAT ELECTRONICS

BHARAT ELECTRONICS 5-YR ANALYSIS

COMPARE BHARAT ELECTRONICS WITH

MARKET STATS