The name may suggest it is a Govt of India company but Bharat Bijlee it is not. A Mumbai based private sector company, it is a leading electrical engineering unit, making transformers, projects, electric motors, elevator systems and drives & automation

The sudden perk up on interest on the counter is on account of its turnaround performance for Q3Fy16. The company posted a net profit of Rs.9 crore v/s loss of Rs.4 crore in previous Q3 and profit of Rs.67 lakh in Q2. This was mainly on account of the 21% (YoY) jump in total revenue earned at Rs.205 crore. It also managed its operating costs well as it was kept at 95% of total revenue earned compared to it exceeding the revenue earlier.

It has two divisions – Power Systems and Industrial Systems.  The Power segment showed a 34% rise in revenue  and EBIT showed a 8 times rise. The Industrial segment did not do as well - revenue rose less than 2% and EBIT showed a 34% decline.