Bharat Electronics announced that Ministry of Defence, Govt. of India vide its letter dated 22 July 2019 appointed Shikha Gupta as Director with effect from 01 December 2019 vice Nataraj Krishnappa, Director who has retired from 30 November 2019 on attaining the age of superannuation.

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Net profit of Bharat Electronics declined 40.58% to Rs 339.49 crore in the quarter ended September 2019 as against Rs 571.31 crore during the previous quarter ended September 2018. Sales declined 18.92% to Rs 2661.25 crore in the quarter ended September 2019 as against Rs 3282.40 crore during the previous quarter ended September 2018.

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Net profit of Bharat Electronics declined 40.91% to Rs 343.85 crore in the quarter ended September 2019 as against Rs 581.86 crore during the previous quarter ended September 2018. Sales declined 19.08% to Rs 2663.57 crore in the quarter ended September 2019 as against Rs 3291.53 crore during the previous quarter ended September 2018.

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The result was announced after market hours yesterday, 4 November 2019.

The company's order book as on 1 October 2019 stood at Rs 56,178 crore, of which orders worth Rs 7088 crore were received during the quarter ended on 30 September 2019.

Total export order book as on 1 October 2019 stood at $158.50 million while the total export turnover for the second quarter of FY20 stood at $7.89 million.

The stock has traded in the range of Rs 112.25 and Rs 115.85 so far during the day. The scrip is currently trading 6.71% lower from its 52-week high of Rs 122.15, recorded on 4 November 2019.

Bharat Electronics is a state-owned aerospace and defense company with about nine factories, and several regional offices in India. It primarily manufactures advanced electronic products for the Indian Armed Forces. Government of India held 55.93% stake in the company as on 30 September 2019.

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