BEL, May 29

Navratna Defence PSU Bharat Electronics Limited (BEL) achieved a turnover of Rs.11789.22 crs (audited) for the ended F.Y. 2018-19 registering a growth of 16.90% over the turnover of Rs.10084.84 crs achieved in the previous year.

The profit after tax (PAT) for the year ended F.Y.2018-19 stood at Rs.1927.29 crs as against Rs.1399.29 crs, registering an increase of 37.73% over previous year.

For the quarter ending March 19, the Company achieved a turnover of Rs.3772.60 crs as against Rs.3427.97 crs for the corresponding quarter of the previous year. The Profit after tax (PAT) stood at Rs.668.62 crs as against Rs.558.74 crs for the corresponding quarter of the previous year.

The Company has paid an interim dividend of Rs.1.70 per share for the F.Y. 2018-19 and the Board has recommended further amount of Rs.1.70 per share as final dividend for the year 2018-19 at the meeting held on 29th May 2019, subject to approval in the AGM. The total dividend payout for F.Y. 2018-19 works out to Rs. 3.40 per share, as against Rs. 2.00 per share in the previous year. The dividend payout is 42.98 % on PAT as against 35.06% for the previous year.

The order book position as on 01.04.2019 is Rs.51798 crs. With a healthy order book position and the projects in pipeline the Company is poised for a sustaining growth in the coming years with commensurate profitability.

During the year the Company has successfully completed the supply of Electronic Voting Machine (EVM) and Voter Verifiable Paper audit Trail (VVPAT) within a stringent delivery schedule to meet the requirement of Election Commission of India for the general elections.