Monday, October 3rd, 2022 10:06:35

BEL shares jump 3% with Dinesh Kumar Batra becoming CMD

Updated: September 3, 2022 11:28 am

With Bharat Electronics Limited CFO Dinesh Kumar Batra taking additional charge as Chairman and Managing Director (CMD) of the navratna defence PSU, the company’s shares surged 3 per cent. It is noteworthy that under his leadership as Director (Finance) and CFO, the company registered its highest ever turnover of Rs 15,044 crore and profit after tax (PAT) of Rs 2,349 crore in FY 2021-22.

The company registered integrated sales of Rs 3,140.61 crore in the quarter ending June 30, 2022, witnessing an increase of 90.49 per cent from the year ago quarter’s Rs 1648.67 crore.The company registered a net profit of Rs 356.13 crore for the latest quarter. It is worthwhile mentioning that Bharat Electronics, incorporated in the year 1954, is a large-cap company operating in the defence sector.

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