BEL Q1FY19 PAT jumps 43 per cent

Navratna Defence PSU Bharat Electronics Limited (BEL) reported impressive results for the quarter ended June 30, 2018.

The company has achieved a net turnover of Rs. 2,077.84 crore, during Q1FY19, registering a growth of about 23 per cent on yoy basis.

Profit Before Tax (PBT) during the quarter stood at Rs. 250.21 crore, registering a growth of about 40  per cent as against Rs. 179.27 crore recorded in the corresponding period of the previous year.

The profit during the quarter stood at Rs. 179.73 crore, registering a growth of about 43 per cent as against Rs. 125.32 crore recorded in the corresponding period of the previous year.

The order book position of the company as on July 1, 2018 stood at Rs. 41,645 crore.

On Tuesday, the stock opened at Rs. 108.45 per share and made an intraday high and low of Rs. 119.65 and Rs. 107.40, respectively, and finally closed at Rs. 115.95, on the BSE.