Bharat Electronics Q3 net seen down 5% at Rs 182 cr: Poll

Bharat Electronics' third quarter profit after tax is likely to decline 5 percent year-on-year at Rs 182 crore, according to the average of estimates of analysts polled by CNBC-TV18.

Total income is seen going up 16.2 percent to Rs 1,396 crore during October-December quarter compared to Rs 1,201 crore in same quarter last fiscal, led by radar systems and exports business. According to analysts, the execution may remain steady during the quarter.

Operating profit may fall 2.7 percent on yearly basis to Rs 173 crore and margin may decline 240 basis points to 12.4 percent in the quarter gone by.

According to analysts, order backlog of the state-owned aerospace and defence company continued to remain strong. New orders may trend between Rs 2,000 and Rs 2,500 crore in Q3, bulk of this driven by weapon locating radar.

Key issues to watch out for-Revenue growth, as key orders like Akash Missile (intake Rs 6,700 crore in FY11/12) is currently under execution-Order intake will be closely looked at-Company operates at 60 percent capacity utilisation and has signed a MoU with the Indian Government for a revenue target of Rs 7,000 crore (up 12 percent Y-o-Y), which entails strong operating leverage, say analysts.