Bharat Electronics Ltd.

Bharat Electronics has reported unaudited results for the first quarter ended June 30, 2011.

The company’s profit for the quarter ended June 30, 2011 increased by 50.84% at Rs 122.80 crore as compared to Rs 81.41 crore for the corresponding quarter last year. Its total income has grown by 11.21% at Rs 1085.00 crore for the quarter under review from Rs 975.62 crore for the same quarter last year.

Bharat Electronics was set up by the Government of India under the Ministry of Defence in 1954 to meet the specialised electronic needs of the Indian defence services. Over the years, it has grown into a multi-product, multi-technology, multi-unit company serving the needs of customers in diverse fields in India and abroad. The company is among an elite group of public sector undertakings which have been conferred the Navratna status by the Government of India.