Ashish Kacholia-backed stock Bharat Bijlee hit fresh 52-week-high as Q4 net profit doubles 131% to ₹26 Cr

  • Bharat Bijlee is a small-cap industrial company that recorded a market cap of 1,728.08 Cr during Friday's closing session.

Vipul Das
Updated28 May 2023, 05:31 PM IST
Stock market closing: Nifty 50 index ended up 0.85% at 18,068 while Sensex rose over 450 points
Stock market closing: Nifty 50 index ended up 0.85% at 18,068 while Sensex rose over 450 points

Bharat Bijlee is a small-cap industrial company that recorded a market cap of 1,728.08 Cr during Friday's closing session. The company is a leading electrical engineering company based in India. On Friday's closing session, the stock ended on a green note by 6% after reporting impressive Q4 and FY23 earnings.

The Board of Directors have “Recommended a Dividend of Rs. 40/- per fully paid-up equity share (400%) of face value of Rs. 10/- each, for the Financial Year ended March 31, 2023. The Dividend, if approved by the Shareholders at the ensuing 76th Annual General Meeting (‘AGM’) of the Company, shall be paid to the shareholders within thirty (30) days from the date of the said AGM,” said Bharat Bijlee in a stock exchange filing.

During Q4FY23, the company recorded a net income of 438.13 Cr up by 22.30% YoY from 358.23 Cr in Q4FY22. During the quarter ended March 2023, its net profit stood at 26.86 Cr up by 131.35% YoY from 11.61 Cr in the quarter ended March 2022. Bharat Bijlee said its EPS stood at 47.53 during the quarter under review up by 131.40% YoY from 20.54 in the year-ago quarter.

The company has reported a total income of Rs.1447.56 Cr during the financial year ended March 31, 2023 as compared to Rs.1289.76 Cr during the financial year ended March 31, 2022, representing a gain of 12.23% YoY. During the Year Ended FY2023, its net profit reached 83.22 Cr up by 47.08% YoY from 56.58 Cr in the year ended FY 2022. Bharat Bijlee said its EPS reached 147.26 in 12MFY23 up by 49.75% YoY from 98.34 in 12MFY22.

On Friday, the shares of Bharat Bijlee hit a fresh 52-week-high of 3,085.55 apiece during the afternoon deals and closed at 3057.70 with an upside gap of 6.21% over the previous close of 2878.80. During Q4FY23, the company reported promoters shareholding of 33.86%, FIIs stake of 0.88%, DIIs stake of 6.06% and public stake of 59.20%. As per the shareholding pattern of Bharat Bijlee for January to March 2023 quarter, ace investor Ashish Kacholia held fully paid up equity shares of 1,01,350 or 1.79% stake in the company.

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News in Numbers

Numbers that help you understand news better
1.4%

₹773 Cr

₹2,705 Cr

₹1 Cr

₹14,370 Cr

₹5.74 T

First Published:28 May 2023, 05:31 PM IST
HomeMarketsStock MarketsAshish Kacholia-backed stock Bharat Bijlee hit fresh 52-week-high as Q4 net profit doubles 131% to ₹26 Cr

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