Bharat Electronics - Strong Q4; Robust Outlook: Prabhudas Lilladher

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Prabhuadas Lilladher Report.Bharat Electronics Ltd. reported stellar quarterly performance above our and street estimates, led by strong execution and cost optimisation measures. Revenue grew 19% YoY mainly due to strong execution in large value projects such as Akash weapon system and long-range surface-to-air missile (LRSAM). Despite pandemic, order input came in at Rs 155 million (up 17%) in FY21. Ordering pipeline remains robust across segments such as electronic warfare system (~Rs 150 billion opportunity size), army equipment’s like Akash weapon system, quick response surface to air missile, LRSAM, medium-range surface-to-air missile (Rs 250-300 billion) and naval equipments like surveillance system, radars, navigation system (~Rs 150-200 billion) etc. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Bharat Electronics - Strong Q4; Robust Outlook: Prabhudas Lilladher

Bharat Electronics - Strong Q4; Robust Outlook: Prabhudas Lilladher

Choose a plan