With a healthy order book position and the projects in the pipeline, the company is poised for sustained growth in the coming years with commensurate profitability.
Navratna Defence PSU Bharat Electronics Limited (BEL) achieved a turnover of Rs.11789.22 crores (audited) for the ended financial year 2018-19 registering a growth of 16.90 per cent over the turnover of Rs.10084.84 crores achieved in the previous year.
The profit after tax (PAT) for the year ended financial year 2018-19 stood at Rs.1927.29 crores as against Rs.1399.29 crores, registering an increase of 37.73 per cent over the previous year.
For the quarter ending March 19, the company achieved a turnover of Rs.3772.60 crores as against Rs.3427.97 crores for the corresponding quarter of the previous year. The profit after tax (PAT) stood at Rs.668.62 crores as against Rs.558.74 crores for the corresponding quarter of the previous year.
The company has paid an interim dividend of Rs.1.70 per share for the F.Y. 2018-19 and the Board has recommended further amount of Rs.1.70 per share as final dividend for the year 2018-19 at the meeting held on 29 May 2019, subject to approval in the AGM. The total dividend payout for the financial year 2018-19 works out to Rs.3.40 per share, as against Rs. 2.00 per share in the previous year. The dividend payout is 42.98 per cent on PAT as against 35.06 pr cent for the previous year.
Going forward
The order book position as on 01.04.2019 is Rs.51798 crores. With a healthy order book position and the projects in the pipeline, the company is poised for sustained growth in the coming years with commensurate profitability.
During the year the company has successfully completed the supply of Electronic Voting Machine (EVM) and Voter Verifiable Paper Audit Trail (VVPAT) within a stringent delivery schedule to meet the requirement of Election Commission of India for the general elections.
