Financial Daily from THE HINDU group of publications
Tuesday, Feb 01, 2005
Financial Daily from THE HINDU group of publications Tuesday, Feb 01, 2005 |
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Corporate Results
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Engineering BHEL net rises 78 pc Our Bureau
NEW DELHI: Bharat Heavy Electricals Ltd. (BHEL) has reported a 78.4 per cent jump in its net profit for the third quarter of this fiscal to Rs 237.4 crore, compared to Rs 133 crore in the year-ago period. The company also declared an interim dividend of 35 per cent for 2004-05. The third quarter net income of the company grew 28 per cent to Rs 2,529.7 crore (Rs 1,972.8 crore), a BHEL release said here. Net profit for the nine month period ending December 31, 2004, grew 88 per cent to Rs 419.9 crore (Rs 223 crore). Net income during the first three quarters rose 19 per cent to Rs 5,719 crore (Rs 4,802.9 crore), it said. The company's order book at the end of December 31, 2004, stood at Rs 31,700 crore as against Rs 23,500 crore in the same period a year ago.
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