Revenue from operations grew by 9.62% year on year (YoY) to Rs 5,484.92 crore in the quarter ended 30 June 2024.
The firm reported a pre-tax loss of Rs 278.99 crore in the June quarter as compared with a pre-tax loss of Rs 276.16 crore reported in Q1 FY24.
Total expenses increased 8.60% YoY to Rs 5,874.98 crore in June 2024 quarter. Cost of materials consumed stood at Rs 3,725.08 crore (up 9.43%) while employee benefits expenses were at Rs 1,434.86 crore (up 1.04% YoY) during the period under review.
On the segmental front, revenue from power business stood at Rs 4,128.10 crore (up 4.23% YoY) and revenue from industry stood at Rs 1,356.82 crore (down 30.10% YoY) during the period under review.
Navratna PSU BEL is a multi-product, multi-technology, multi-Unit conglomerate which designs, manufactures and supplies products and systems in a wide variety of fields including radars, missile systems, military communications, naval systems, electronic warfare & avionics, C4I systems, electro optics, tank electronics & gun/weapon system upgrades, and electronic fuzes in the defence segment. As on 30 June 2024, the Government of India held 51.14% stake in the company.