Net profit of Bharat Bijlee reported to Rs 12.81 crore in the quarter ended June 2018 as against net loss of Rs 3.87 crore during the previous quarter ended June 2017. Sales rose 32.61% to Rs 196.72 crore in the quarter ended June 2018 as against Rs 148.35 crore during the previous quarter ended June 2017.

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Bharat Bijlee will hold a meeting of the Board of Directors of the Company on 25 July 2018.

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Net profit of Bharat Bijlee rose 628.17% to Rs 48.86 crore in the quarter ended March 2018 as against Rs 6.71 crore during the previous quarter ended March 2017. Sales declined 2.34% to Rs 222.81 crore in the quarter ended March 2018 as against Rs 228.14 crore during the previous quarter ended March 2017.

For the full year,net profit rose 322.82% to Rs 60.97 crore in the year ended March 2018 as against Rs 14.42 crore during the previous year ended March 2017. Sales rose 14.25% to Rs 773.99 crore in the year ended March 2018 as against Rs 677.47 crore during the previous year ended March 2017.

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Bharat Bijlee has commissioned a state- of- the art facility for its Magnet Technology Machines on 18 April 2018 at our Works situated at Airoli, Navi Mumbai, at an approximate cost of Rs. 8 crore. This new facility will help the Company increase its production and service capacity and look forward to a good business opportunity in this segment over the years to come.

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