Bharat Electronics Q2 net rises 39% to Rs 5.71-bn, sales turnover grows 35%

State-run Bharat Electronics Ltd (BEL) on Friday reported Rs 5.71-billion net profit for the second quarter of the financial year 2018-19, registering a 39 per cent yearly growth from Rs 4.12 billion in the same period a year ago.

Sales turnover for the quarter under reference (Q2) grew 35 per cent year-on-year (YoY) to Rs 32.82 billion from Rs 24.32 billion in the like period a year ago.

"We achieved a robust growth in sales turnover and a healthy profit in the second quarter as compared to the first quarter and same quarter year ago," said the city-based defence behemoth in a statement.

The company also secured new orders valued at Rs 143.38 billion during the first half (April-September) of the financial year and the order book value as on October 1 was Rs 489.95 billion.

The company's blue-chip scrip of Re 1 face value gained Rs 4.10 per share on Friday to close at Rs 87.50 on the BSE as against Thursday's closing price of 83.40 and opening price of Rs 82.90.