India's Bharat Electronics rises on quarterly profit beat

Bharat Electronics

20/05/2025 09:41

** Shares of Bharat Electronics BAJE.NS rise 2% to 371 rupees

** Stock among top gainers on the Nifty 50 index.NSEI, which is down 0.7%

** Defence co posts Q4 consol net profit of 21.27 billion rupees ($248.8 million), beating analysts' estimate of 17.68 billion rupees, per data compiled by LSEG

** BAJE reports Q4 rev of 91.5 billion rupees, above analysts' expectation of 89.61 billion rupees

** Analysts at Morgan Stanley say BAJE posts better-than-expected Q4 profit helped by strong margins

** Nearly 52 mln shares traded, 2x their 30-day avg

** Stock up 25% so far in 2025 vs a 4.5% rise in the Nifty 50 index

($1 = 85.4820 Indian rupees)

 (Reporting by Nishit Navin in Bengaluru)