Bharat Electronics Ltd (BEL) is set to announce its interim dividend for FY25 on March 5, 2025, which is anticipated to boost investor interest in its shares. Ahead of the announcement, BEL shares rose 2.82%, closing at ₹264.65. The company has a strong dividend history, having paid dividends three times in 2024 alone, with the latest being ₹0.80 per share in August. Despite a 10% year-to-date decline and a 7% fall in the last month, BEL has seen significant growth, with a net profit of ₹1,316.06 crore in Q3 FY25, a 47.33% increase year-on-year.
On Wednesday, Bharat Electronics shares will be closely watched as the defense PSU prepares to announce its interim dividend. Ahead of the board meeting to discuss this dividend, Bharat Electronics’ share price saw an increase.
Last month, Bharat Electronics Ltd (BEL) revealed that its board would evaluate an interim dividend for FY25 today, March 5.
“… The Board of Directors’ meeting of the Company is set for Wednesday, 5th March, 2025, to consider, among other things, the declaration of an interim dividend for the financial year 2024-25,” Bharat Electronics noted in a regulatory filing on February 25.
The dividend record date for BEL is expected to be announced alongside the dividend amount today. This marks the first interim dividend declared by the Navratna status PSU Bharat Electronics for the financial year 2024-25.
The company has consistently rewarded its shareholders with dividends and bonus shares. Here’s a brief overview of Bharat Electronics’ dividend history:
BEL Dividend History
According to data from the BSE, BEL declared dividends three times in 2024. The latest dividend from Bharat Electronics was on 14 August 2024 when the company issued a Final Dividend of ₹0.80 per share. Additionally, BEL provided a Re 0.70 dividend in both March and February 2024. In 2023, Bharat Electronics distributed a total dividend of ₹1.80 to its shareholders.
Bharat Electronics Q3 Results
Bharat Electronics posted solid earnings growth for the third quarter of FY25, exceeding analysts’ predictions. The defense PSU reported a net profit of ₹1,316.06 crore for the quarter ending December 2024, marking a growth of 47.33% compared to ₹893.30 crore in the same quarter last year.
The company experienced a 37% increase in its revenue from operations in Q3FY25, reaching ₹5,643 crore, compared to ₹4,120.10 crore during the previous year’s corresponding period. In terms of operating profit, the company’s EBITDA surged by 57.5% to ₹1,653 crore from ₹1,072 crore year-on-year (YoY), while the EBITDA margin improved by 330 basis points YoY to 28.7%.
Bharat Electronics’ total order book was valued at ₹71,100 crore at the conclusion of the December quarter.
Bharat Electronics Stock Price Performance
In the past month, Bharat Electronics’ share price has declined by 7% and has decreased by 10% on a year-to-date (YTD) basis. Over the last six months, the PSU defense stock has fallen more than 11%. Nonetheless, BEL shares have appreciated over 26% in the past year, yielding impressive returns of 176% over the last two years.
On Tuesday, BEL shares closed up 2.82% at ₹264.65 each on the BSE.
Disclaimer: The opinions and recommendations shared herein represent those of individual analysts or broking firms and do not reflect the views of Mint. Investors are encouraged to consult with certified professionals before making any investment decisions.