BHELclocks ₹109 cr Q2 profit

PTI New Delhi | Updated on January 15, 2018 Published on November 08, 2016

State-run power equipment maker BHEL today reported a net profit of ₹109 crore for the second quarter ended September 30, helped by strategic initiatives taken by the new management.

Thecompany had reported a net loss of ₹180.78 crore for the July-September quarter last fiscal. Total income has increased to ₹ 6860.53crore in the second quarter of current fiscal from ₹ 6314.56 crore in the corresponding period last year, the companysaid in BSE filing.

In the second quarter, BHEL maintained the momentum of positive growth and profitability achieved in the first quarter of the current fiscal, with the company registering a topline growth of 12 per cent and posting a profit before tax of ₹138 crore against a loss of ₹293 crore in the same period last year.

In thefirst quarter, BHEL had recorded positive growth after reversing the trend of negative topline growth prevailing for the last 14 straight quarters.

Published on November 08, 2016
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