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

Defence Industry

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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.

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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.

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.

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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.

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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.

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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