2 weeks Ago
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.
