The name, Bharat Bijlee may suggest it is a Govt of India company but 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 company has posted a turnaround performance but this was thanks to the other income of Rs.8 crore or else, operationally, it was a tepid show. The company posted a net profit of Rs.2.5crore v/s loss of Rs.9 crore in previous Q4 and profit of Rs.9 crore in Q3. Revenue growth was flat at Rs.167 crore v/s Rs.168 crore (YoY0 while it slipped 18% sequentially. It also managed its operating costs well as it came in 7% lower (YoY). The other income of Rs.8 crore was the game changer.

It has two divisions – Power Systems and Industrial Systems.  The Power segment showed a 4% drop in revenue  and EBIT showed a turnaround with Rs.5 crore profit. The Industrial segment did much better with a 5% rise in topline and 50% jump in EBIT.

It ended FY16 with a 5% rise in consolidated net sales at Rs.634 crore and net profit at Rs.7 crore v/s loss of Rs.34 crore in FY15. Equity is at Rs.5.65 crore and EPS for the fiscal was at Rs.13 (FV of Rs.10/share). Reserve stands at Rs.267 crore.