BHEL Q3 net down 17.5%

State-owned Bharat Heavy Electricals Limited (BHEL) on Friday posted a 17.5 per cent drop in net profit to Rs 1,182 crore for the three months ended December 31, 2012 on the back of decline in new orders.

The power equipment major had a net profit of Rs 1,432.61 crore in October-December quarter of 2011, BHEL said in a regulatory filing to the stock exchanges.

The company's net sales decreased to Rs 1,0041.65 crore for the third quarter ended December 31, 2012 from Rs 1,05,41.01 crore in the year-ago period.

The company's order book declined to Rs 1.13 lakh crore as on December 31 as against Rs 1.3 lakh crore reported in September quarter.

Shares of BHEL have fallen by 2.83 per cent to Rs 221.25 in the afternoon trade on the BSE.

Please read our terms of use before posting comments
TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
comments powered by Disqus