Revenue growth of 14% achievable for FY17: Bharat Electronics

MV Gowtama, CMD, Bharat Electronics Limited (BEL), is optimistic of achieving revenue growth of around 14 percent in FY17.

He is also very positive on order inflows. Currently, the company's order book stands at Rs 34,000 crore with inflows of orders worth Rs 6000 crore till the third quarter. "Many more orders are in the pipeline,” Gowtama told CNBC-TV18.

The total income for the company was up 37 percent year on year at Rs 2,191.3 crore versus CNBC-TV18 poll of Rs 1,776 crore. EBITDA margin too came in at 22 percent aided by 80 basis points fall in material cost to sales.

The YoY net profit was up 33 percent at Rs 373.5 corore. Only other income was down 42 percent YoY due to cash outflow on account of buyback.