BHEL second quarter net profit up 60 per cent at Rs 185 crore


BHEL second quarter net profit up 60 per cent at Rs 185 crore

Bharat Heavy Electricals Ltd (BHEL), the country’s largest power equipment manufacturer, today posted a 60 per cent jump in net profit for the quarter ended September on the back of improved order flow in the power and industry segments.

The company posted a net profit of Rs 185.17 crore during the second quarter ended September as compared to net profit of Rs 115.42 crore in the corresponding quarter.

“In a highly competitive and shrunken market, concerted efforts have resulted in the order booking more than doubling to Rs 9,530 crore for the first half of FY 2018-19 compared to Rs 3,618 crore in the corresponding six months of FY 2017-18.

This has resulted in an outstanding order book of Rs 115,533 crore at the end of second quarter of FY 2018-19, which is 19 per cent higher than last year,”the company said in a statement. Read more

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