Bharat Electronics Q4 earnings jump 41.36%

[B. KARTHICK]

Bharat Electronics, multi-product, multi-technology, multi-unit
company focus on defence announced a substantial rise in standalone
net profit for the quarter ended March 2008, helped by better
operating efficiency together with strong revenue growth.

During the quarter, the profit of the company jumped 41.36% to Rs
5,048.30 million from Rs 3,571.20 million in the same quarter previous
year. The company reported earnings of Rs 63.10 a share during the
quarter, registering 41.35% growth over prior year year period.

Net sales for the quarter climbed 32.27% to Rs 22,937.40 million,
while total income for the quarter rose 30.94% to Rs 23,459.40
million, when compared with the prior year period.

Quarterly Results - standalone (Rs in mn)
As at Mar - 08 Mar - 07 %Change
Net Sales 22937.40 17341.70 32.27
Net Profit 5048.30 3571.20 41.36
Basic EPS 63.10 44.64 41.35

During the quarter the company reported a rise in operating margin of
342.37 basis points to 31.38% on lower production cost. On the other
hand, there has been increase of 75% in interest charge to Rs 0.70
million and rise of 6.86% in depreciation charge to Rs 269.40 million
over previous year period.