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