Net profit of Bharat Electronics rose 19.67% to Rs 668.62 crore in the quarter ended March 2019 as against Rs 558.74 crore during the previous quarter ended March 2018. Sales rose 10.05% to Rs 3772.60 crore in the quarter ended March 2019 as against Rs 3427.97 crore during the previous quarter ended March 2018.

For the full year,net profit rose 37.73% to Rs 1927.29 crore in the year ended March 2019 as against Rs 1399.29 crore during the previous year ended March 2018. Sales rose 17.81% to Rs 11789.22 crore in the year ended March 2019 as against Rs 10006.56 crore during the previous year ended March 2018.

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Bharat Electronics announced that the Board of Directors of the Company at its meeting held on 29 May 2019, inter alia, have recommended the final dividend of Rs 1.7 per equity Share (i.e. 170%) , subject to the approval of the shareholders.

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The announcement was made after market hours yesterday, 29 May 2019.

Meanwhile, the S&P BSE Sensex was up 213.65 points, or 0.54% to 39,715.70

On the BSE, 7.24 lakh shares were traded in the counter so far compared with average daily volumes of 11.57 lakh shares in the past two weeks. The stock had hit a high of Rs 116.95 and a low of Rs 111.60 so far during the day.

Bharat Electronics' order book position as on 1 April 2019 was Rs 51798 crore. During the year the company has successfully completed the supply of Electronic Voting Machine (EVM) and Voter Verifiable Paper audit Trail (VVPAT) within a stringent delivery schedule to meet the requirement of Election Commission of India for the general elections.

Bharat Electronics produces a wide range of state-of-the-art equipment in fields such as defence communication, radars, naval systems, c4i systems, weapon systems, homeland security, telecom & broadcast systems, electronic warfare, tank electronics, electro optics, professional electronic components and solar photovoltaic systems.

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Bharat Electronics will hold a meeting of the Board of Directors of the Company on 29 May 2019.

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