Financial Daily
from THE HINDU group of publications
Tuesday, July 03, 2001
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Financial Daily from THE HINDU group of publications Tuesday, July 03, 2001 |
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Bharat Electronics net at Rs 155.21 cr
BANGALORE: The board of directors of Bharat Electronics Ltd, which met on Monday to consider the accounts for 2000-2001, recommended a dividend of 40 per cent (Rs 4 per equity share of Rs 10 each) as against 25 per cent paid in the previous year.
BEL's profit after tax has been Rs 155.21 crore (Rs 107.93 crore) on a net sales of Rs 1,715.33 crore (Rs 1,494.15 crore).
BEL's other income has gone up to Rs 52.44 crore (Rs 31.43 crore), even as its expenditure also went up to Rs 1,471.30 crore (Rs 1,278.39 crore). Provision for interest has gone down to Rs 24.64 crore (Rs 32.79 crore).
The company has provided for a higher depreciation of Rs 51.92 crore (Rs 47.97 crore) and provision for taxation was Rs 64.70 crore (Rs 58.50 crore). -- Our Bureau
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