Bharat Electronics PBT up 23.61% | india | Hindustan Times
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Bharat Electronics PBT up 23.61%

Bharat Electronics has recorded an increase of 23.61% in its profit before tax at Rs 848 cr for the year 2005-06.

india Updated: Apr 03, 2006 17:07 IST

State-owned Bharat Electronics Ltd has recorded an increase of 23.61 per cent in its profit before tax at Rs 848 crore for the year 2005-06 as compared to Rs 686 crore last fiscal.

The company's turnover grew 11 per cent at Rs 3,561 crore as against of Rs 3,212 crore a year ago.

BEL also achieved exports of 13.58 million dollars this year as against 12.50 million dollars in 2004-05. The turnover per employee for 2005-06 stood at Rs 29 lakh versus last year's Rs 26 lakh, it informed Bombay Stock Exchange.

The order book stood at around Rs 6,500 crore as on April 01, 2006, as against Rs 6,100 crore last year.

The company had rolled out more than 15 new products this year and the turnover accruing from indigenously developed products stands at 73 per cent this year, it said.

BEL is one of the select PSUs that signed MoU with the Indian Defence Production Department.