It witnessed an income growth at Rs 241.79 crore compared to Rs 232 crore in the previous fiscal. The company’s profit before interest lease depreciation and tax (PBILDT) was down to Rs 0.09 crore from Rs 5.9 crore.
The PSU had to go for capital borrowings during the year to finance the servicing of the specialised manpower, which led to substantial increase in the interest expense to Rs. 4.08 crore in FY18 as compared to Rs. 0.65 crore in FY17 resulting in net loss in FY18.
BECIL is engaged in sales of equipment either through tender or direct marketing efforts. BECIL is a central public sector undertaking since 1995, and has been accorded Mini Ratna status and comes under the ambit of Ministry of Information and Broadcasting (MIB).