• ELECTRONICS
    Buy Bharat Electronics; target of Rs 135: ICICI Direct

    Bharat Electronics reported yet another stellar quarter, continuing its legacy of guiding lower and delivering higher. For the quarter, the company reported revenues of Rs 3885 crore, up 7.7% YoY. EBITDA grew 16.7% YoY. EBITDA margins came in strong at 23.9% vs. 22.1% YoY due to gross margin expansion of 630 bps YoY. Higher gross […]

  • ELECTRONICS
    Bharat Electronics Q4 PAT may dip 38.8% YoY to Rs. 342.1 cr: ICICI Direct

    ICICI Direct has come out with its fourth quarter (January-March’ 19) earnings estimates for the Capital Goods sector. The brokerage house expects Bharat Electronics to report net profit at Rs. 342.1 crore down 38.8% year-on-year (down 32.6% quarter-on-quarter). Net Sales are expected to increase by 6.5 percent Y-o-Y (up 41.5 percent Q-o-Q) to Rs. 3,843.1 crore, according to ICICI Direct. […]

  • ELECTRONICS
    Bharat Electronics Q3 PAT seen up 12.5% YoY to Rs. 340.7 cr: ICICI Direct

    ICICI Direct has come out with its third quarter (October-December’ 18) earnings estimates for the Capital Goods sector. The brokerage house expects Bharat Electronics to report net profit at Rs. 340.7 crore up 12.5% year-on-year (down 40.4% quarter-on-quarter). Net Sales are expected to increase by 13 percent Y-o-Y (down 16 percent Q-o-Q) to Rs. 2,839.3 crore, according to ICICI Direct. […]