Order inflows were also good. BEL is a major beneficiary of the policy of defence indigenisation. Its revenue market share of defence manufacturing is around 12-13 per cent.
The Q4FY24 revenue was at ₹8,530 crore (up 32 per cent yearon-year or Y-o-Y and up 106 per cent quarter-on-quarter or Q-oQ) which was in line with estimates. The Ebitda grew 25 per cent Y-o-Y to 2,280 crore, with gross margin at 48.4 per cent (flat Y-o-Y). The Ebitda margin contracted 160bp Y-o-Y to 26.7 per cent due to a high base. The PAT was at 1,780 crore (up 31 per cent Y-o-Y), which was partly driven by higher other income (up 225 per cent Y-o-Y).
Order inflows hit ₹8,240 crore in Q4FY24, a decline of 52 per cent Y-o-Y on a high base. The order book increased by 25 per cent Y-o-Y to 76,000 crore (almost 4x the last 12 months revenue).
Esta historia es de la edición May 22, 2024 de Business Standard.
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Esta historia es de la edición May 22, 2024 de Business Standard.
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Love-all, RAFA
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