Shares of engineering firm BHEL on Monday tanked over 9 per cent after the company reported a consolidated net loss of ₹1,532.18 crore for the March quarter.
The stock plunged 9.53 per cent to ₹28.45 on the BSE.
On the NSE, the stock tumbled 9.23 per cent to ₹28.50.
BHEL on Saturday reported a consolidated net loss of ₹1,532.18 crore for the March quarter, mainly due to lower revenues and deferred tax. The company had posted a consolidated net profit of ₹680.77 crore in the quarter ended March 2019, it said in a BSE filing.
Total income for the quarter under review stood at Rs 5,193.51 crore, down from ₹10,489.11 crore in the year-ago quarter.
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.