BEL Registers a Growth of 34% in PAT During FY 2023-24

Date:

Bengaluru: Defence PSU Bharat Electronics Limited (BEL) has achieved a turnover of Rs 19819.93 crore, registering a growth of 14.35% during FY 2023-24 over the turnover of Rs 17333.37 crore recorded during the previous year.

During the 4th quarter of FY 2023-24, BEL achieved a turnover of Rs 8335.01 crore as against Rs 6327.48 Crore recorded in the corresponding period of the previous year.

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Profit before tax (PBT) during FY 2023-24 stood at Rs 5334.56 crore, with a growth of 33.87% over the profit before tax (PBT) of Rs 3984.88 crore recorded during the previous year.

During the 4th quarter of FY 2023-24, profit before tax (PBT) has increased to Rs 2385.61 crore from Rs 1781.49 crore recorded in the corresponding period of the previous year.

Profit after tax (PAT) during FY 2023-24 stood at Rs 4020.00 crore, with a growth of 33.70% over the profit after tax (PAT) of Rs 3006.67 crore recorded during the previous year.

During the 4th quarter of FY 2023-24, profit after tax (PAT) has increased to Rs 1783.52 crore from Rs 1365.36 crore recorded in the corresponding period of the previous year.

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The order book position of the company as on April 1, 2024 stood at Rs 75934 crore. The Board of Directors at its meeting held on May 20 recommended a final dividend of Rs 0.80 per equity share (having a face value of Rs.1/- each) and the same is subject to the approval by the shareholders in the ensuing annual general meeting of the company.

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