Bharat Electronics Q1 net profit up 23% at ₹530.84 crore
Bharat Electronics Ltd (BEL) on Thursday said its net profit rose 23% year-on-year at ₹530.84 crore for the first quarter ended June 30 of fiscal year 2024. Its profit after tax stood at ₹431.49 crore in the corresponding period last year.
As on July 1 2023, the order book position of state-owned aerospace and defence electronics manufacturer stood at ₹65,356 crore. On June 30, Bharat Electronics Ltd said that it has received new defence and non-defence orders worth ₹2,191 crore.
The orders are for supplying long-range guidance kits with warheads, airborne jammers, battlefield short range surveillance radars upgrades, missile guidance radars, shallow water craft sonars and spares, among others, BEL had said in a statement. The Bengaluru-headquartered defence major had received ₹5,900 crore worth orders from the Navy earlier this month.
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