BHARAT ELECTRONICS Announces Quarterly Results (4QFY21); Net Profit Up 30.5%

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 (4QFY21); Net Profit Up 30.5%
Thu, 8 Jul

BHARAT ELECTRONICS has announced its results for the quarter ended March 2021. Here is a detailed performance review of the same:

BHARAT ELECTRONICS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-20*
3
Dec-20*
3
Mar-21*
QoQ ChangeYoY Change
Net SalesRs m58,16823,20469,175198.1%18.9%
Other incomeRs m286235575144.6%100.8%
TurnoverRs m58,45423,43969,750197.6%19.3%
ExpensesRs m43,22818,64249,366164.8%14.2%
Gross profitRs m14,9404,56219,809334.2%32.6%
DepreciationRs m1,006998968-2.9%-3.7%
InterestRs m194561300.0%190.2%
Profit before taxRs m14,2013,79619,360410.1%36.3%
TaxRs m3,8121,0945,802430.2%52.2%
Profit after taxRs m10,3892,70113,557401.9%30.5%
Gross profit margin%25.719.728.6
Effective tax rate%26.828.830.0
Net profit margin%17.811.519.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 18.9% on a year-on-year (YoY) basis. The expenses were up by 14.2% YoY during the same period.
  • The company's operating profit increased by 32.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 28.6% in 4QFY21 as against 25.7% in 4QFY20.
  • Depreciation charges declined by 3.7% and finance costs increased by 190.2% YoY, respectively.
  • Other income increased by 100.8% YoY during the quarter.
  • Net profit for the quarter increased by 30.5% YoY. Net profit margins during the quarter increased from 17.8% in 4QFY20 to 19.4% in 4QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 198.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 164.8% QoQ during the same period.
  • The company's operating profit increased by 334.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 28.6% in 4QFY21 as against 19.7% in 3QFY20.
  • Net profit for the quarter increased by 401.9% QoQ, while net profit margins increased from 11.5% in 3QFY20 to 19.4% in 4QFY21.

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

FREE REPLAY: Discover What Richa Revealed in Her Smallcaps Summit

BHARAT ELECTRONICS Share Price Performance

Over the last one year, BHARAT ELECTRONICS share price has moved up from Rs 103.5 to Rs 179.5, registering a Gain of Rs 76.0 or around 73.4%.

Overall, the S&P BSE SENSEX is up 44.0% over the year.

Current Valuations

At the current price of Rs 179.5, the price to earnings (P/E) ratio of BHARAT ELECTRONICS stands at 21.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.3 times.

Equitymaster requests your view! Post a comment on "BHARAT ELECTRONICS Announces Quarterly Results (4QFY21); Net Profit Up 30.5%". Click here!

  

Related Views on News

BHARAT ELECTRONICS 2020-21 Annual Report Analysis (Annual Result Update)

Oct 19, 2021 | Updated on Oct 19, 2021

Here's an analysis of the annual report of BHARAT ELECTRONICS for 2020-21. 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 (1QFY22); Net Profit Down 72.5% (Quarterly Result Update)

Aug 9, 2021 | Updated on Aug 9, 2021

For the quarter ended June 2021, BHARAT ELECTRONICS has posted a net profit of Rs 130 m (down 72.5% YoY). Sales on the other hand came in at Rs 16 bn (down 1.6% YoY). Read on for a complete analysis of BHARAT ELECTRONICS's quarterly results.

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.

Mazagon Dock Shipbuilders IPO: Should You Apply? (IPO)

Sep 29, 2020

Should you bet on this public sector defence shipbuilder?

More Views on News

Most Popular

Infosys vs TCS: Which is Better?(Views On News)

Nov 26, 2021

In the post pandemic era, the top two IT companies in India are fighting to capture the growing demand for IT.

This Multibagger Stock Zooms 20% After Dolly Khanna Buys Stake(Views On News)

Nov 24, 2021

Shares of this edible oil company zoomed over 50% in three days after ace investor bought around 1% stake.

6 Popular Stocks that Turned into Penny Stocks(Views On News)

Nov 27, 2021

A look at popular stocks that crashed big time and never recovered, i.e. which went from 'Multibaggers to Multibeggers'.

How to Find Your Next 10-Bagger in this Market(Profit Hunter)

Nov 19, 2021

The #1 make or break factor in your portfolio you shouldn't ignore.

MobiKwik IPO Opens for Subscription Soon. Key Things to Know Before Subscribing.(Views On News)

Nov 20, 2021

The Rs 19 bn issue is set to hit the market soon.

More

Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2022
Get our special report Multibagger Stocks Guide (2022 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

BHARAT ELECTRONICS SHARE PRICE


Nov 30, 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