State-run Bharat Electronics Ltd (BEL) is eyeing 12-15 percent growth in topline in the current financial year.

Reporting a strong set of numbers for the first quarter, BEL for the first time achieved more than Rs 2,000 crore revenue in Q1, said MV Gowtama, chief managing director, to CNBC-TV18.

Gowtama said, "We were able to improve overall planning system in Bharat Electronics. All the 22 strategic business units in the company were able to make a very good plan for this financial year and they stuck to the plan in Q1."

“I expect towards the end of the year, we will certainly be able to have earnings before interest, taxes, depreciation, and amortisation (EBITDA) margins between 17 percent and 19 percent. The overall margin end of the year will depend on the complete product mix and services mix that is going to be accounted for the revenues of the year and hence, our guidance stands between 17 percent and 19 percent EBITDA margins even for FY19,” said Gowtama.

Speaking about order inflows, he said, "We acquired orders for about Rs 3,600 crore during Q1 and it came again from existing products and services including couple of annual maintenance contracts. We also acquired orders in radars communication segment, fire control system, electronic fuses etc.”