Thursday, April 3, 2008

Bharat Electronics posts 5.42% growth in FY08 PBT

Bharat Electronics (BEL) has recorded a marginal growth of 4.10% in turnover of Rs 41.14 billion (provisional) in FY 2007-2008 as against last year`s turnover of Rs 39.52 billion. The estimated profit before tax grew at 5.42% to Rs 11.09 billion, as against last year`s figure of Rs 10.52 billion.

BEL achieved exports of USD 15.4 million, which is an increase of 32% over last year`s figure of USD 11.6 million. The turnover per employee for 2007-08 is Rs 3.33 million as against last year`s figure of Rs 3.19 million while the value added per employee for 2007-08 is Rs 1.55 million as against last year`s figure of Rs 1.45 million.

The order book as on Apr. 1, 2008, is estimated to be around Rs 94.50 billion. Some of the significant orders executed during the year include supply of STARS V frequency hopping, a VHF manpack transreceiver; advanced land navigation system for tanks; a command control system for the artillery wing of the Indian Army; central acquisition radar for the Air Force; passive night vision device (both monocular and binocular); and doppler weather radar for prediction of meteorological data, the company said.

More than 20 new products were introduced and supplied during the year. The new products include GMD Mark II, a laser-based gap measuring device; doppler weather radar; operations cabin, a type of shelter used by the army; eye safe laser range finder; and optronic pedestal, an opto electronic sensor and control system for the navy.

Shares of the company gained Rs 25.1, or 2.28%, to trade at Rs 1125. The total volume of shares traded was 269,704 at the BSE. (2.31 p.m., Thursday)

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