In an interview to CNBC-TV18, MV Gowtama, CMD of Bharat Electronics (BEL) spoke about the results and his outlook for the company.
Gowtama said that we implemented revised wages in Q3 of FY18 which hit margin.
He further said that lower other income impacted profitability in December quarter.
Cash reduced due to buyback, he added.
Talking about business, he said 88 percent of orders are from defence and will focus on defence going ahead.
Watch accompanying video for more details….
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