Comments
The woes of the power sector have hit the power equipment manufacturer Bharat Heavy Electricals Ltd (BHEL), which has witnessed a sharp fall in its net sales and net profit in the third quarter of the current fiscal compared to the same quarter last year.
The company’s order book stood at ₹1,00,600 crore as at the end of December 31, 2013, BHEL said in its filings with the stock exchanges.
According to the unaudited financial results, the company’s net sales during the third quarter of this fiscal was ₹8,462.38 crore against ₹10,041 crore in the same period last year. Net profit for Q3 of this year declined sharply to ₹694.81 crore compared with ₹1,181.85 crore in Q3 of 2012-13.
EPS (share face value Rs 2) was down at ₹2.84 (₹4.83). The company has announced an interim dividend of ₹1.31 per share.
The stock was trading at ₹162.85, a loss of 65 paise on the BSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.