Bharat Bijlee’s Standalone December 2023 Financial Performance Shows Impressive Growth

In an impressive display of financial strength and growth, Bharat Bijlee, a leading industrial electrical engineering company, has reported its standalone quarterly numbers for December 2023. The results showcase a significant increase in net sales, net profit, and EBITDA, highlighting the company’s robust performance and strong market position. This article dives into Bharat Bijlee’s standout achievements and provides a comprehensive analysis of its financial performance.

Strong Revenue Growth

Bharat Bijlee
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Bharat Bijlee recorded a notable increase in net sales for December 2023, reaching Rs 423.74 crore. This represents a substantial 9.2% growth compared to the same period last year when the net sales stood at Rs 388.03 crore. Such a remarkable increase underscores the company’s ability to generate revenue consistently and attract a broader customer base.

Impressive Profits and EBITDA

The quarterly net profit figures for December 2023 demonstrate Bharat Bijlee’s exceptional performance, with a substantial 28.58% growth. The net profit surged to Rs. 29.69 crore, indicating the company’s effective management of costs and increased overall profitability. Another impressive metric, the EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), posted remarkable growth as well. December 2023 saw EBITDA stand at Rs. 48.57 crore, which reflects a substantial 22.31% increase from December 2022’s figure of Rs. 39.71 crore.

Boosted EPS Reflects Improved Efficiency

Bharat Bijlee also achieved a positive outcome in terms of Earnings Per Share (EPS). December 2023 witnessed the EPS soar to Rs. 52.54, a significant improvement from December 2022’s value of Rs. 40.85. This surge in EPS indicates enhanced efficiency and increased profitability on a per-share basis. It is a testament to the company’s commitment to delivering value to its shareholders.

 

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Shareholder Value and Market Performance

Investors in Bharat Bijlee have witnessed strong returns on their investments. The company’s shares closed at an impressive value of 4,395.25 on January 16, 2024, on the National Stock Exchange (NSE). Over the past six months, Bharat Bijlee shares have generated remarkable returns of 15.90%, further solidifying its position as a lucrative investment option. Looking at a broader timeline, the shares have yielded an impressive 77.08% return over the last 12 months. This outstanding performance can be attributed to the company’s consistent growth and steady financial results.

Detailed Quarterly Results

Q3 – December 2023

Here’s a breakdown of Bharat Bijlee’s standalone quarterly results for the quarter ending December 2023:

  • Net Sales/Income from operations: Rs. 423.74 crore
  • Other Operating Income: Not specified
  • Total Income from Operations: Rs. 423.74 crore

Expenditure

Comprehensive expenditure data for the quarter ending December 2023 is as follows:

  • Consumption of Raw Materials: Rs. 313.11 crore
  • Purchase of Traded Goods: Rs. 8.27 crore
  • Increase/Decrease in Stocks: Rs. -17.53 crore
  • Power & Fuel: Not specified
  • Employees Cost: Rs. 47.77 crore
  • Depreciation: Rs. 3.57 crore
  • Excise Duty: Not specified
  • Admin. And Selling Expenses: Not specified
  • R & D Expenses: Not specified
  • Provisions And Contingencies: Not specified
  • Exp. Capitalised: Not specified
  • Other Expenses: Rs. 33.14 crore

 

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Profit and Taxes

A detailed breakdown of profit and taxes for the quarter ending December 2023 is as follows:

  • P/L Before Other Inc., Int., Excpt. Items & Tax: Rs. 35.41 crore
  • Other Income: Rs. 9.59 crore
  • P/L Before Int., Excpt. Items & Tax: Rs. 45 crore
  • Interest: Rs. 5.32 crore
  • P/L Before Exceptional Items & Tax: Rs. 39.68 crore
  • P/L Before Tax: Rs. 39.68 crore
  • Tax: Rs. 9.99 crore
  • P/L After Tax from Ordinary Activities: Rs. 29.69 crore
  • Prior Year Adjustments: Not specified
  • Extra Ordinary Items: Not specified
  • Net Profit/(Loss) For the Period: Rs. 29.69 crore

Equity Shareholding

Detailed information about equity shareholding is as follows:

  • Equity Share Capital: Rs. 5.65 crore
  • Reserves Excluding Revaluation Reserves: Not specified
  • Equity Dividend Rate (%): Not specified
  • EPS Before Extra Ordinary (Basic EPS): Rs. 52.54
  • Diluted EPS Before Extra Ordinary: Rs. 52.54
  • EPS After Extra Ordinary (Basic EPS): Rs. 52.54
  • Diluted EPS After Extra Ordinary: Rs. 52.54

 

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Public Share Holding

Bharat Bijlee’s standalone December 2023 financial results exhibit commendable growth, leading to increased revenue, higher profits, and enhanced shareholder value. The company’s ability to consistently improve its performance reflects efficient management, strong market presence, and an unwavering commitment to deliver quality products and services in the industrial electrical engineering sector. With its well-rounded financials and a positive market outlook, Bharat Bijlee remains a promising player in the market, poised for continued success and growth.

 

Source:moneycontrol.com

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