BEL Q4: Profit increased by 18%, results better than expected, dividend announced

News Topical, Digital Desk : Bharat Electronics, a leading company in the defense sector, has presented its March quarter results. The company's profit has increased by more than 18 percent compared to last year. At the same time, there has been an increase of about 7 percent in income. EBITDA has increased by more than 23 percent compared to last year. The company's results have been better than market estimates. The company's EBITDA, margin and profit were both much above estimates. At the same time, income has also been better than estimates. The company has released its results after the market closed.

Dividend announcement

Along with the results, the company has announced dividend to its investors. According to the company, the board has approved a dividend of Rs 0.9 per share to the investors. In Monday's trading, BEL's stock closed with a slight decline at Rs 363.55. How were the quarterly results According to the information given by the company, its quarterly profit has been Rs 2127 crore with an increase of 18.4 percent compared to last year. This is 17.3 percent more than the estimate of CNBC TV 18. The poll had estimated a profit of Rs 1813 crore. The company's income has increased by 6.8 percent compared to last year and has increased from Rs 8564 crore to Rs 9150 crore. In the poll of CNBC TV 18, an income of Rs 9047 crore was estimated. That is, the results have been 1 percent better than the estimate. EBITDA has increased by 23.2 percent to Rs 2816 crore compared to last year. This figure is 21.7 percent higher than the market estimates. The company's EBITDA margin has been 30.8 percent, which was 26.7 percent a year ago. The market had estimated 25.6 percent. 

Read More: Oswal Pumps IPO: Gray market premium reaches 14%, subscription starts from June 13