- Bharat Electronics‘ net income for Q1 2024 reached 7.91 billion rupees, marking a 49% year-over-year increase and surpassing the estimated 6.62 billion rupees.
- Revenue for the quarter was 42.4 billion rupees, up by 20% year-over-year, exceeding the forecast of 39.38 billion rupees.
- Total costs for the same period rose by 14% year-over-year to 33.6 billion rupees.
- Other income saw a significant rise of 44% year-over-year, amounting to 2.01 billion rupees.
- Following these results, Bharat Electronics‘ shares increased by 3.6%, reaching 321.00 rupees, with 29 million shares traded.
- Analyst ratings include 21 buys, 3 holds, and 4 sells.
A look at Bharat Electronics Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, Bharat Electronics Ltd. shows a promising long-term outlook. With strong scores in Dividend, Growth, Resilience, and Momentum, the company is positioned well for the future. A high Dividend score indicates that the company has the potential to provide consistent returns to its shareholders. Additionally, the Growth score suggests that Bharat Electronics is expected to expand and improve its financial performance over time. The Resilience score of 5 highlights the company’s ability to withstand external challenges, while the Momentum score of 4 points to positive market sentiment and potential for continued growth.
In summary, Bharat Electronics Ltd. is a leading manufacturer of electronic communication equipment catering to defense services. With favorable Smartkarma Smart Scores across key factors, including Dividend, Growth, Resilience, and Momentum, the company appears to be well-positioned for long-term success in the industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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