Bharat Electronics shares: Shares of defence equipment maker Bharat Electronics jumped 1.66% and hit an intraday high of ₹305.70 on the BSE after the company informed exchanges that it has received multiple orders. Shares of Bharat Electronics jumped 1.71% and hit an intraday high of ₹305.80 on the National Stock Exchange.
Bharat Electronics informed exchanges that it has received major orders including radar spares, radar upgradation, electronic voting machines, simulators, advanced land navigation systems and stabilisers for tanks, fire control systems for ship-based decoys, communication equipment, other spares and services.
The total size of the orders is ₹1,385 crore.
With these orders, Bharat Electronics has accumulated orders worth ₹18,415 crore in the current fiscal, the company said in a stock exchange filing. This order comes just days after the company received an order from the Indian Air Force on March 12 for the supply of Ashwini radars. That order was worth ₹2,463 crore. Shares of Bharat Electronics have gained 4.32% so far this year, outperforming the NIFTY50 index, which has declined 0.22% year-to-date (YTD).
In the quarter ended December 2024, Bharat Electronics reported a net profit of ₹1,316 crore, showing a growth of 47% from ₹893 crore in the same period last year. Its revenue from operations grew 39% to ₹5,756 crore at the end of the third quarter, as against ₹4,136.69 crore in the same period a year ago. Earlier this month, Bharat Electronics announced an interim dividend of ₹1.50 per share on Thursday, March 27. Shares of Bharat Electronics closed 0.23% higher at ₹301.33.
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