Bharat Electronics Ltd recommended for Navaratna status

Bharat Electronics Ltd has recorded a turnover of Rs 3960.38 crores (provisional) for the year 2006-07, an increase of 12 per cent over last year's turnover of Rs 3536 crores. The estimated Profit Before Tax is Rs 104l.63 crores, as against last year's figure of Rs 855.26 crores, an increase of 22 per cent. The Profit After Tax (provisional) for 2006-07 is Rs 713.85 crores as against Rs 583.01 crores last year. The Company's registered exports of US $ 11.6 million.

During the year, sales to the defence segment constituted 76 per cent and to the civilian segment, 24 per cent. The major contribution to the civilian sales was from the execution of Convergent Billing project for MTNL and supply of Upgraded Electronic Voting Machines to the Election Commission.

The Company's manpower as on March 31, 2007, is 12,357 and the turnover per employee for 2006-07 is Rs 32.1 lakhs, an increase of around 11 per cent over last year's figure of Rs 28.8 lakhs. The value added per employee is Rs 14.2 lakhs as against Rs 12.5 lakhs last year.

The order book as on April 01, 2007, is estimated to be around Rs 9,000 crores as against Rs 6,600 crores last year.

All the nine Units of the Company continue to be profitable.

The Company has been recommended for Navaratna status by the Apex Committee on Conferment of Navaratna Status. It is a recognition of the Company's inherent strengths in manufacturing, technology, quality, its consistent growth over many years and its ability to face future challenges.

Source : Equity Bulls

Keywords