Maintain order inflow target at Rs 13,000-15,000 cr for FY18: BEL

Bharat Electronics (BEL) has posted an extremely strong set of earning this quarter. In an interview to CNBC-TV18, MV Gowtama, CMD of BEL spoke about the results and his outlook for the company.

Gowtama said compared to last year's Q1 and Q2, this year we were able to do strongly. Therefore, expect revenue growth of more than 15 percent and growth in EBITDA of 20 percent in FY18.

Talking about order inflow, he said we are maintaining order inflow target of Rs 13,000-15,000 crore for FY18. However, Akash seven squadrons and LR-SAM orders are under negotiation, he added.

He expects Akash order to get finalised by Q3 and LR-SAM orders to get finalised before end of FY18.