Bharat Electronics Q2 Results Live: Profit Rises by 38.4% YoY | Company Business News

Bharat Electronics Q2 Results Live : Bharat Electronics announced its Q2 results on October 25, 2024, showcasing a remarkable growth trajectory. The company’s topline surged by 14.86% year-over-year, while profit soared by an impressive 38.4%. Compared to the previous quarter, revenue grew by 8.51%, with profit seeing a similar boost of 38.11%.

In terms of operational efficiency, Bharat Electronics reported a decline of 1.58% in selling, general, and administrative expenses quarter-over-quarter, although these expenses rose by 9.62% year-over-year. This reflects the company’s efforts to streamline operations even as it expands.

The operating income demonstrated a significant increase, up by 53.33% quarter-over-quarter and 42.26% year-over-year, indicating strong operational performance. The earnings per share (EPS) for Q2 stood at ₹1.5, marking a 39% increase year-over-year.

Despite a recent -4.64% return over the last week, Bharat Electronics has shown resilience with a 14.2% return over the past six months and an impressive 47.31% year-to-date return. Currently, the company’s market capitalization stands at ₹198,350.9 crore, with a 52-week high of ₹340.5 and a low of ₹127.

As of October 26, 2024, analysts’ sentiments toward Bharat Electronics are varied. Out of 21 analysts covering the company, 2 have given a ‘Strong Sell’ rating, 3 a ‘Sell’, 2 a ‘Hold’, 8 a ‘Buy’, and 6 a ‘Strong Buy’. The consensus recommendation remains to ‘Buy’, reflecting confidence in the company’s future growth prospects.

Bharat Electronics Financials