Bharat Electronics FY08 net up 14% at Rs837 cr

Bharat Electronics FY08 net up 14% at Rs837 cr
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First Published: Fri, Jun 27 2008. 05 11 PM IST
Updated: Fri, Jun 27 2008. 05 11 PM IST
PTI
Mumbai: Public sector undertaking Bharat Electronics has reported a consolidated net profit of Rs837.57 crore for the financial year ended March 2008, a 14.49% growth over the previous fiscal.
“The firm had a net profit of Rs731.55 crore in FY07,” Bharat Electronics said in a filing to the Bombay Stock Exchange.
Consolidated total income of the company rose to Rs4,451.54 crore in FY08 from Rs4,246.33 crore in the previous fiscal.
The board has declared a dividend of 147% at the rate of Rs14.70 on shares of face value of Rs10 for 2007-08.
For the financial year ended March 2008, the company announced a standalone net profit of Rs826.74 crore, a 15.12% over the year-ago period. Total income rose to Rs4,299.13 crore in FY08, from Rs4,090.27 crore in the previous fiscal.
Shares of the company closed at Rs1,028.30, down 3.70% the BSE.
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First Published: Fri, Jun 27 2008. 05 11 PM IST