BEL registers Rs 11,000 crore turnover upto Q3 of FY’23; declares dividend

BEL has achieved a turnover of Rs 11,005.89 crore, registering a growth of 24.46 percent up-to 3rd Quarter (Q3) of FY 2022-23 over CLPY

BEL registers Rs 11,000 crore turnover upto Q3 of FY'23; declares dividend

New Delhi: Navratna Defence PSU Bharat Electronics Limited (BEL) has achieved a turnover of Rs 11,005.89 crore, registering a growth of 24.46 percent up-to 3rd Quarter (Q3) of FY 2022-23 over the turnover of Rs 8842.98 crore recorded in the corresponding period of the previous year.

During the 3rd Quarter of FY 2022-23, BEL achieved a turnover of Rs 4046.11 crore as against Rs 3656.22 crore recorded in the corresponding period of the previous year.

Profit Before Tax (PBT) up-to 3rd Quarter of FY 2022-23 stood at Rs 2203.39 crore, with a growth of 35.07 percent over the Profit Before Tax (PBT) of Rs 1631.24 crore recorded in the corresponding period of the previous year.

During the 3rd Quarter of FY 2022-23, Profit Before Tax (PBT) has increased to Rs 800.43 crore from Rs 788.33 crore recorded in the corresponding period of the previous year.

Profit After Tax (PAT) upto 3rd Quarter of FY 2022-23 stood at Rs 1641.31 crore, with a growth of 35.97 crore over the Profit After Tax (PAT) of Rs 1207.12 crore recorded in the corresponding period of the previous year.

During the 3rd Quarter of FY 2022-23, Profit After Tax (PAT) has increased to Rs 598.77 crore from Rs 583.37 crore recorded in the corresponding period of the previous year.

The Board of Directors of BEL in their meeting held on Saturday recommended an interim dividend of Rs 0.60 per share (on face value of Rs.1/- each) on the enhanced share capital of the company post Bonus Issue of equity shares in September 2022. The said dividend will be payable to all the eligible shareholders holding shares as on the Record date i.e. Febury 10, 2023.

The order book position of the company as on January 1, 2023, stood at Rs 50,116 crore.

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