Rs 60,690 crore order book: This multibagger aerospace & defence company bags new orders worth Rs 3,289 crore!

Shares of the company gained more than 35 per cent in the last six months.

On August 25, 2023, Bharat Electronics Limited informed in the exchange filing that the company has bagged order for the supply of Low-Level Light Weight Radars, SONARS, IFF Systems, SATCOM Systems, EO/IR Payloads, TRM/DTRMs, Jammers, Encryptors, Data Link Systems, Fire Control Systems, Radars for Directed Energy Systems, Semi Rugged Telephone Exchanges, Software Defined Radios and various others types of radios, Electronic Voting Machines, AMC and Spares. The order is worth Rs 1,075 crore. The company also informed that it has received a total order of Rs 3,289 crore during the month of July and August.

Bharat Electronics Limited has reported results for the first quarter ended June 30, 2023 (Q1FY24). The revenue of the company for Q1FY24 stood at Rs 3465.38 crore which grew by 12.25 per cent YoY. The operating profit of the company stood at Rs 812.74 crore, growing 34.43 per cent YoY while the PAT of the company grew by 48.43 per cent YoY staying at Rs 528.60 crore.

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Bharat Electronics Limited (BEL), a navratna defence public sector undertaking (DPSU), was established in 1954 under the Ministry of Defence, the Government of India, to cater to the electronic equipment requirements of the defence sector. BEL is the dominant supplier of radar, communication, and electronic warfare equipment to the Indian armed forces.

Shares of the company have delivered multibagger returns of about 300 per cent in the last three years.

The company has an order book of more than Rs 60,690 crore and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.