(20 second reading) Bharat Electronics posted a net profit of Rs 1,797 crore in Q4 FY24, compared to Rs 859.5 crore in December 2023. This meant a 109 per cent jump in the entity’s profits.
Bharat Electronics is a state-owned aerospace and defence electronics company.
The Navartna company’s net profits jumped to Rs 3,984 crore from the previous year’s Rs 2,984 crore. This resulted in a jump of Rs 1,000 crore.
The quarterly results also appear to have placated its status at Dalal Street as well. The company’s shares surged 5.87 per cent in today’s intraday trade to close at Rs 274.00. In addition, just in the past one week alone, the entity’s prospects have zoomed by over 20 per cent, indicating investor’s faith in the company’s potential.