- Bharat Electronics reported a net income of 13.1 billion rupees for the third quarter, beating estimates by 47% year-on-year. Analysts had expected a net income of 9.65 billion rupees.
- The company’s third-quarter revenue was 57.6 billion rupees, a 39% increase from the previous year, exceeding the expected 49.75 billion rupees.
- Total costs for the quarter rose by 32% to 42.1 billion rupees.
- Other income decreased by 8.1% year-on-year, amounting to 2.05 billion rupees.
- Bharat Electronics shares increased by 2.3% to 273.35 rupees with 16.7 million shares traded.
- The company’s stock is rated with 21 buy recommendations, 2 holds, and 3 sells by analysts.
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 the Smartkarma Smart Scores, Bharat Electronics Ltd. is positioned favorably for long-term growth and stability. With a high Resilience score of 5, the company demonstrates a robust ability to weather market uncertainties and challenges. This indicates a strong foundation and operational strength that can support future growth and sustainability.
Furthermore, Bharat Electronics scores well in Dividend and Growth categories, with scores of 4 for both. This suggests a promising outlook for investors seeking dividends and potential capital appreciation. Combined with a solid Momentum score of 4, indicating positive market momentum, Bharat Electronics appears poised for continued success in the electronic communication equipment sector.
Summary: Bharat Electronics Ltd. specializes in manufacturing a wide range of electronic communication products for defense services, including HF/VHF transmitters, radars, and night vision equipment. With strong Smartkarma Smart Scores in key areas, the company shows potential for long-term growth and resilience in the market.
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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