Bharat Electronics Ltd. (BEL) has announced it financial results for the financial year 2009-10 and it has reported to register a turnover of Rs. 5,235 crore for the year. It was around Rs. 4,624 crore in the year 2008-09. That means the company has managed to increase its turnover by 13%.

The gross profit of the company was found out to be Rs. 1,086 crore. It was Rs. 1,096.84 crore in the preceding year.

The company has paid an interim dividend of 60% to its investors for the year 2009-10. It has paid a dividend of 187% in the year 2008-09. This has been announced by the Chairman and Managing Director of Bharat Electronics Mr. Ashwani Kumar Datt.

Mr. Datt has also informed that due to some exceptional provisions the net profit of the company had fallen in the last quarter of 2009-10. But the overall report was not so discouraging. For this year the company is looking to cover the increase in wage costs as per Datt. He has anticipated that BEL is expecting its exports to reach $32 million in the current year.