20 Sep 2020 | 10:55 PM

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COMPANYNEWS
Bharat Electroni Q1 net profit up 13.91% at Rs 204.73 cr
  Bharat Electronics Ltd. | 17 Jan 2020 | 10:51 AM
Published on 07-30-2019
The company reported standalone net profit of Rs 204.73 crore for the quarter ended June 30 2019 as compared to Rs 179.73 crore in the same period last year registering a year-on-year growth of 13.91 per cent.


Net revenue of the company declined marginally by 1.73 per cent at Rs 2041.98 crore in April-June quarter of this fiscal as against Rs 2077.84 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 2.13 per cent to Rs 1753.41 crore from Rs 1791.57 crore in year ago period.


Other Income grew by 186.49 per cent at Rs 25.44 crore versus (Jun`18 Rs 8.88 crore).


Operating Profit surged by 12.12 per cent to Rs 348.11 crore as against Rs 310.49 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 14.12 per cent in June quarter.


Interest grew by 18.52 per cent y-o-y to Rs 0.32 crore while Taxation increased by 21.54 per cent at Rs 85.66 crore (Jun`18 Rs 70.48 crore).