July 30, 2014 4:47 PM ET

Aerospace and Defense

Company Overview of Bharat Electronics Limited

Company Overview

Bharat Electronics Limited manufactures and supplies electronic products for the defense services sector and non-defense markets in India. The company offers radars, communication transmitters and receivers, electro-optic equipment, and electronic components. Its products include mobile cellular communication systems; mobile ground based electronic intelligence systems; passive night vision devices; drivers for AK630, stabilizers, automatic loading gears, and mounting items for T-90 tanks; digital radio trunking systems; crypto products; and battlefield surveillance radars. The company’s products also include board lorros masts; national command control communication and intelligence network...

Outer Ring Road

Nagavara

Bengaluru,  560045

India

Founded in 1954

Phone:

91 80 2503 9300

Fax:

91 80 2503 9233

Key Executives for Bharat Electronics Limited

Chairman
Total Annual Compensation: $2.3M
Director of Other Units
Total Annual Compensation: $2.1M
Director of Human Resources
Age: 58
Total Annual Compensation: $2.6M
Director of Research & Development and Whole Time Director
Total Annual Compensation: $2.1M
Compensation as of Fiscal Year 2013.

Bharat Electronics Limited Key Developments

Bharat Electronics Limited Appoints Manmohan Handa as Director (Bangalore Complex)

Bharat Electronics Limited announced that on June 23, 2014 appointed Mr. Manmohan Handa as Director (Bangalore Complex). Mr. Manmohan Handa has assumed charge of the post on June 24, 2014. Prior to this elevation, Mr. Manmohan Handa was holding the post of General Manager (Missile System) in the Bangalore Complex of the company".

Bharat Electronics Limited Recommends Final Dividend for the Fiscal Year 2014; Announces Audited Standalone Earnings Results for the Fourth Quarter and Year Ended and Audited Consolidated Earnings Results for the Year Ended March 31, 2014

Bharat Electronics Limited at its board meeting held on May 30, 2014, recommended a final dividend of INR 17.30 per share for the year 2013-14. The final dividend for the 2013-14 will be paid with in 30 days of its declaration by shareholders in the AGM to be held in September 2014. The company announced audited standalone earnings results for the fourth quarter and year ended and audited consolidated earnings results for the year ended March 31, 2014. For the quarter, on standalone basis, the company's net sales/income from operations was INR 30,559.6 million compared with INR 27,273.4 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 7,281.7 million compared with INR 5,555.1 million for the same period last year. Profit from ordinary activities before tax was INR 8,311.5 million compared with INR 7,278.9 million for the same period last year. Net profit was INR 6,632.4 million or INR 82.91 per basic and diluted share compared with INR 5,926.9 million or INR 74.09 per basic and diluted share for the same period last year. For the year, on standalone basis, the company's net sales/income from operations was INR 61,222.8 million compared with INR 59,901.6 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 7,496.6 million compared with INR 5,054.4 million for the same period last year. Profit from ordinary activities before tax was INR 11,747.4 million compared with INR 11,145.9 million for the same period last year. Net profit was INR 9,316.2 million or INR 116.45 per basic and diluted share compared with INR 8,898.3 million or INR 111.23 per basic and diluted share for the same period last year. For the year, on consolidated basis, the company's net sales/income from operations was INR 63,358.6 million compared with INR 61,508.5 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 7,723.1 million compared with INR 5,203.3 million for the same period last year. Profit from ordinary activities before tax was INR 12,060.7 million compared with INR 11,474.5 million for the same period last year. Net profit was INR 9,516.7 million or INR 118.91 per basic and diluted share compared with INR 9,111.9 million or INR 113.85 per basic and diluted share for the same period last year.

Bharat Electronics Ltd Announces Change in Directorate

Bharat Electronics Ltd. announced that Govt. of India has appointed Lt. Gen. C. A. Krishnan as part-time official director in place of Lt. Gen. Narendra Singh.

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