Bharat Electronics records highest ever turnover of Rs.3960.38 crores

Bharat Electronics Ltd has announced that the Company has recorded its highest ever turnover of Rs 3960.38 crores (provisional) for the year 2006-07, which is an increase of 12 per cent over last year's turnover of Rs 3536 crores. The estimated Profit Before Tax is Rs 1041.6 crores, as against last year's figure of Rs 855.2 crores, an increase of 22 per cent. The Company achieved exports of US$ 11.6 million. The turnover per employee for 2006-07 is Rs 32.1 lakhs, an increase of around 12 per cent over last year's figure of Rs 28.8 lakhs.

Some of the significant orders executed during the year include supply of Flycatcher Radar, Reporter Radar, Surveillance Radar Element, Ellora - an Electronic Warfare System, Hand Held Thermal Imager, an Integrated Shipboard Data Network for P-17 class of ships and implementation of convergent billing for MTNL. New products introduced during the year include Safari - a jammer system used for VVIP security and for protection of Army convoys, Advanced Land Navigation System, VPS Mk III - a hand-held, lightweight UHF radio for use by the defence forces, Battery Level Radar, Electronic Voting Machine Mk II and Intelligent Message Terminal.

The order book as on April 01, 2007 is estimated to be around Rs 9,100 crores. The significant orders received during the year include the Artillery Combat Command & Control System, Electronic Warfare systems, STARS V Mk II - a secure tactical radio in VHF band, and Naval Systems for P28 and P15A class of ships.

The Company is one of the select PSUs signing the MoU with the Department of Defence Production ever since the Government of India introduced this performance measurement system in 1989-90. The Company has achieved MoU rating of 'Excellent' for the pest 9 consecutive years.

Source : Equity Bulls

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