Bengaluru, Jul 27 (PTI) 'Navratna' defence PSU Bharat Electronics Limited (BEL) has achieved a turnover of Rs 3,446.69 crore, registering a growth of 12.51 per cent during the first quarter of 2023-24 over the Rs 3,063.58 crore recorded in the corresponding period of the previous year.

Profit before tax during the period stood at Rs 703.75 crore, a growth of 21.73 per cent over Rs 578.10 crore recorded in the first quarter of the previous financial year, the Bengaluru-headquartered state-owned firm said in a statement.

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Profit after tax (PAT) during the first quarter of 2023-24 stood at Rs 530.84 crore, up 23.02 per cent over Rs 431.49 crore recorded in the corresponding period of the previous year.

The order book position of the company as on July 1, 2023, stood at Rs 65,356 crore, it was stated.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)