BEL achieves 11,789.22 Cr turnover in FY 2018-19

Bangalore May 29, 2019

Navratna Defence PSU Bharat Electronics Limited (BEL) achieved a turnover of 11789.22 crs (audited) for the ended F.Y. 2018-19 registering a growth of 16.90% over the turnover of 10084.84 crs achieved in the previous year.

The profit after tax (PAT) for the year ended F.Y.2018-19 stood at 1927.29 crs as against 1399.29 crs, registering an increase of 37.73% over previous year.

For the quarter ending March 19, the Company achieved a turnover of 3772.60 crs as against 3427.97 crs for the corresponding quarter of the previous year. The Profit after tax (PAT) stood at 668.62 crs as against 558.74 crs for the corresponding quarter of the previous year.

The Company has paid an interim dividend of 1.70 per share for the F.Y. 2018-19 and the Board has recommended further amount of 1.70 per share as final dividend for the year 2018-19 at the meeting held on 29th May 2019, subject to approval in the AGM. The total dividend payout for F.Y. 2018-19 works out to 3.40 per share, as against 2.00 per share in the previous year. The dividend payout is 42.98 % on PAT as against 35.06% for the previous year.

The order book position as on 01.04.2019 is 51798 crs. With a healthy order book position and the projects in pipeline the Company is poised for a sustaining 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.