BEL records PAT of Rs 611 cr in Q2 FY23

27 Oct 2022 , 04:39 PM

On a standalone basis, the PSU companys net sales rose 7.6% to Rs 3,896.20 crore for the quarter ended 30 September 2022 compared with Rs 3,622.42 crore in the same quarter a year ago. Bharat electronics reported a profit before tax of Rs 824.86 crore in Q2 FY23 as against Rs 827.74 crore recorded in the corresponding period of the previous year. Total expenses rose 10.26% to Rs 3,195.98 crore in Q2 FY23 over Q2 FY22. Cost of material consumed jumped 30.98% to Rs 2254.45 crore and employee benefits expenses increased 11.79% to Rs 595.50 crore. The order book position of the company as on 1 October 2022 stood at Rs 52,795 crore. State-run BEL is a Navratna PSU under the Ministry of Defence, Government of India. It manufactures electronic products and systems for the Army, Navy and the Air Force. The Government of India held 51.14% stake in BEL as on 30 September 2022. Shares of Bharat Electronics rose 2.76% to end at Rs 107.85 on the BSE. Powered by Capital Market – Live News