Latest news with #Rs.537
Mint
04-06-2025
- Business
- Mint
BEL share price inches higher after receipt of ₹537 crore order. Details here
Bharat Electronics Ltd (BEL) inched higher on Wednesday, June 4, after the public sector undertaking (PSU) announced that it has bagged orders worth ₹ 537 crore since May 16. BEL shares gained over one per cent intraday during today's session before settling higher on the exchanges. 'Navratna Defence Public Sector Undertaking, Bharat Electronics Limited (BEL), has secured additional orders worth Rs.537 crore since the last disclosure on 16 May 2025. Major orders received include communication equipment, advanced composite communication system for ship,jammers, software, simulator upgrades, spares, test rigs, services etc.,' said BEL in a regulatory filing to the stock exchanges today. On Wednesday, shares of BEL opened at ₹ 387 crore and gained over one per cent to hit an intraday high of ₹ 391.20 crore before settling 1.22 per cent higher at ₹ 390.60 apiece on the BSE. BEL shares have rallied 25 per cent in one month and 33 per cent year-to-date. The PSU commands a market cap of ₹ 2,85,519.96 crore. BEL is a public sector aerospace and defence electronics company, headquartered in Bangalore. It primarily manufactures advanced electronic products for ground and aerospace applications. BEL is one of sixteen PSUs under the administration of Ministry of Defence of India. It has been granted Navratna status by the Government of India. BEL announced its January to March quarter results on May 19, 2025. The Navratna PSU recorded an 18 per cent rise in its fourth quarter net profits to ₹ 2,105 crore in the financial year 2024-25, compared to ₹ 1,784 crore in the same period a year ago, according to the standalone documents. The State-owned company's revenue from core operations rose nearly seven per cent to ₹ 9,119.7 crore in the fourth quarter of the 2024-25 fiscal year, compared to ₹ 8,528,5 crore in the same period in the previous financial year. The company's total expenses rose 1.6 per cent to ₹ 6,466.6 crore in the Janaury to March quarter of the 2024-25 fiscal, compared to ₹ 6,363.4 crore in the same period a year ago. BEL board of directors, along with the company's fourth quarter results, also recommended a final dividend of ₹ 0.90 per equity share of the face value of Re 1 apiece.
Mint
04-06-2025
- Business
- Mint
BEL share price inches higher after receipt of ₹537 crore order. Details here
Bharat Electronics Ltd (BEL) inched higher on Wednesday, June 4, after the public sector undertaking (PSU) bagged orders worth ₹ 537 crore. 'Navratna Defence Public Sector Undertaking, Bharat Electronics Limited (BEL), has secured additional orders worth Rs.537 crore since the last disclosure on 16 May 2025. Major orders received include communication equipment, advanced composite communication system for ship,jammers, software, simulator upgrades, spares, test rigs, services etc.,' said BEL in a regulatory filing to the stock exchanges today.
