Bharat Electronics Ltd (BEL) is up in the green, going up over 5.5% to Rs.159.95, just 5 paise short of its 52-week high of Rs.160. Volumes are up over 1.5 times.
The defence PSU reported excellent numbers for Q4FY21 with revenue from operations rising 19% (YoY) at Rs.6920 crore while net profit rose 31% to Rs.1370 crore.
EBITDA was up 33% at Rs.1980 crore while margins expanded by 290 bps to 28.6%. This margin expansion is mainly on account of the lower employee cost – it was at 7% of total income v/s 10% (YoY).
Order inflow during the quarter rose 79% to Rs.5100 crore while that for the entire fiscal of FY21 was at Rs.15,000 crore, up 14%.