Financial Indicators
As per the report published by Crisil research on April 21, 2011 the revenue of company has increased but EBITDA margins have reduced significantly from 24.6% in March 2009 to 16.8% in March 2010. In revenue it is quite bigger than its peer competitors like Astra Microware Products Limited, Gemini Communications Limited and Sterlite Technologies Limited. BEL's EBITDA margin is lower the Astra and Gemini though they are small in size. The reason for increased top line growth is the increased expenditure on defence by Government of India. Last three years PAT remains stable because of lower interest rate and forex gain of close to Rs 700 million compared to forex loss in FY 09 of Rs 445.2 million.
Read more about this topic: Bharat Electronics Limited
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