Bharat Electronics Limited announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, the company reported total revenue from operations of INR 25,128.2 million against INR 21,913.0 million a year ago. Profit before exceptional items and tax was INR 4,350 million against INR 5,042.7 million a year ago. Profit before tax was INR 4,350 million against INR 5,042.7 million a year ago. The decrease in profit before tax is mainly due to increase in employee costs on account of impact of pay revision and gratuity ceiling enhancement. Profit was INR 3,028.4 million against INR 3,735.4 million a year ago. The reduction in PAT is also due to higher incidence of tax due to phased withdrawal of additional benefits that were available for investment in R&D. Diluted earnings per share were INR 1.23 against INR 1.52 a year ago. Net turnover was INR 24,523.1 million against INR 19,422.4 million a year ago.

For the nine months, the company reported total revenue from operations of INR 67,921.5 million against INR 49,136.8 million a year ago. Profit before exceptional items and tax was INR 12,013.0 million against INR 10,169.3 million a year ago. Profit before tax was INR 12,013.0 million against INR 10,169.3 million a year ago. The higher revenue growth has partially offset the impact of pay revision. Profit was INR 8,405.5 million against INR 7,558.8 million a year ago. PAT has got impacted by the higher incidence of tax. Diluted earnings per share were INR 3.42 against INR 3.08 a year ago. Net turnover was INR 65,785.9 million against INR 44,609.4 million a year ago.

The company announced an interim dividend of INR 1.60 per share for the fiscal year 2018 has been declared by the board of directors at the meeting held on January 30, 2018.