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
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 4604.9 | 4243.57 | +8.51% | 4009.06 | +14.86% |
| Selling/ General/ Admin Expenses Total | 656.01 | 666.57 | -1.58% | 598.46 | +9.62% |
| Depreciation/ Amortization | 111.19 | 107.68 | +3.26% | 108.26 | +2.71% |
| Total Operating Expense | 3316.14 | 3403.05 | -2.55% | 3103.15 | +6.86% |
| Operating Income | 1288.76 | 840.52 | +53.33% | 905.91 | +42.26% |
| Net Income Before Taxes | 1445.2 | 1042.92 | +38.57% | 1041.46 | +38.77% |
| Net Income | 1092.45 | 791 | +38.11% | 789.35 | +38.4% |
| Diluted Normalized EPS | 1.5 | 1.08 | +38.89% | 1.08 | +39% |
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