Bhel Q2 Profit Rises 6% To Rs115 Crore, Misses Estimates

Bhel Q2 Profit Rises 6% To Rs115 Crore, Misses Estimates

Power plant equipment maker Bharat Heavy Electricals Ltd (Bhel) posted a nearly 6% rise in quarterly profit, the company said on Tuesday, but missed analysts’ forecasts.

Net profit came in at Rs115 crore ($17.73 million) in the quarter ended 30 September, compared with a profit of Rs109 crore a year earlier, the company said.

Analysts on average had expected a standalone net profit of Rs159 crore, according to Thomson Reuters data. Read More…

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