BEL Q4 net declines 29.5% as export revenue slides, wage cost rises

State-run Bharat Electronics Ltd (BEL) posted a 29.5 per cent fall in its standalone net profit to Rs 5.58 billion in the quarter ended March 2018 owing to slump in export revenues, higher wage cost coupled with falling interest income. 

Total income from operations also declined by 14.62 per cent to Rs 36.08 billion in the January-March period of FY18 as against Rs 42.26 billion reported a year ago.

For the fiscal FY18, while consolidated net profit of the company decreased 6 per cent to Rs 14.31 billion, its total revenue from operations stood at Rs 104.85 billion, a rise of 13