Speed Post News Network
New Delhi : Navratna Defence PSU Bharat Electronics Limited (BEL) has during the second quarter of FY 2018-19 achieved a robust growth in turnover and consequently recorded a healthy growth in profit compared to the 1stquarter of current year and corresponding quarter of the previous year. The company has achieved a turnover of Rs 3,282.4 crore during the 2ndquarter of FY 2018-19 registering a growth of about 35 % over the turnover of Rs 2,431.73 crore recorded in the corresponding period of the previous year.
Profit After Tax (PAT) during the 2nd quarter of FY 2018-19 stood at Rs 571.31 crore registering a growth of about 39 % over the Profit After Tax (PAT) of Rs 4,12.39 crore recorded in the corresponding period of the previous year.
BEL achieved a turnover of Rs 5,360.24 crore up to first half of the FY 2018-19 registering a growth of about 27 % over the turnover of Rs 4,204.56 crore recorded in the corresponding period of the previous year. Profit After Tax (PAT) for the First half of FY 2018-19 stood at Rs 751.04 crore registering a growth of about 40% over the Profit After Tax (PAT) of Rs 537.71 crore recorded in the corresponding period of the previous year.
The company received new orders worth Rs 14,338 crore during the first half of the current year and the order book position of the company as on October 1, 2018, stood at Rs 48,995 crore, according to a PIB release.