BEL net up 39 per cent in second quarter

By Sarkaritel October 27, 2018 08:27

Bengaluru, Oct 27  State-run Bharat Electronics Ltd (BEL) on Friday reported Rs 571-crore net profit for the second quarter of fiscal 2018-19, registering a 39 per cent yearly growth from Rs 412 crore in the same period a year ago.

Sales turnover for the quarter under reference (Q2) grew 35 per cent year-on-year (YoY) to Rs 3,282 crore from Rs 2,432 crore in the like period year ago.

“We achieved a robust growth in sales turnover and a healthy profit in the second quarter as compared to the first quarter and same quarter year ago,” said the city-based defence behemoth in a statement.

The company also secured new orders valued at Rs 14,338 crore during the first half (April-September) of the fiscal and the order book value as on October 1 was Rs 48,995 crore.

The company’s blue-chip scrip of Re 1 face value gained Rs 4.10 per share on Friday to close at Rs 87.50 on the BSE as against Thursday’s closing price of 83.40 and opening price of Rs 82.90.

By Sarkaritel October 27, 2018 08:27

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