Bharat Electronics spurts 6% as net profit surges 1,400% in Q1

Shares of Bharat Electronics surged over 6 per cent after its strong performance in the June 2022 quarter.

The company’s net profit saw a 1,401 per cent YoY growth at Rs 366.63 crore for the quarter ended June.

The Navratana PSU said it achieved a turnover of Rs 3063.58 crore during the first quarter of FY 2022-23 as against Rs 1564.34 crore recorded the previous year.