Bharat Electronics gains after strong Q4 outcome

The result was announced after trading hours on Thursday, 30 May 2013.

Meanwhile, the S&P BSE Sensex was down 223.67 points, or 1.11%, to 19,991.73.

On BSE, 9,874 shares were traded in the counter as against an average daily volume of 992 shares in the past one quarter.

The stock hit a high of Rs 1,342 and a low of Rs 1,300 so far during the day. The stock had hit a 52-week low of Rs 1,107 on 22 March 2013. The stock had hit a 52-week high of Rs 1,396.70 on 6 July 2012.

Bharat Electronics' net profit rose 7.22% to Rs 889.83 crore on 6.03% rise in net sales to Rs 5990.45 crore in the year ended March 2013 (FY 2013) over the year ended March 2012 (FY 2012).

The company expects order inflow at about Rs 6000 crore during the current financial year ending March 2014 (FY 2014).

The company received orders worth Rs 5255 crore in FY 2013. As on 1 April 2013, its order book stood at Rs 24949 crore.

Bharat Electronics (BEL) was established at Bangalore, India, by the Government of India under the Ministry of Defence in 1954 to meet the specialised electronic needs of the Indian defence services. Over the years, it has grown into a multi-product, multi-technology, multi-unit company servicing the needs of customers in diverse fields in India and abroad. BEL is among an elite group of public sector undertakings which have been conferred the Navratna status by the Government of India.

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