Millennium Post

Bhel defies slowdown , posts record FY13 net at Rs6,485 cr

New Delhi: State-owned power equipment major Bharat Heavy Electricals Limited (Bhel) on Thursday reported 4.2 per cent drop in net profit at Rs 3,327.54 crore for the quarter ended 31 March, Bhel said in a regulatory filing to the stock exchange.
Despite the slowdown in the power sector, country’s largest power equipment maker has reported impressive figures for the period January-March. It had reported net profit of Rs 3,379.81 crore in the January-March quarter of the previous financial year..
Bhel reported Q4 net income of Rs 18,850.16 crore, down 2.1 per cent from Rs 19,264.40 crore in the same period last fiscal (2011-12).
The company posted 8 per cent decline in the annual net profit at Rs 6,485 crore.
Bharat Heavy Electricals Limited had reported net profit of Rs 7,040 crore in the 2011-12 fiscal. The company’s order inflow rose to Rs 31,528 crore in 2012-13, from Rs 22,096 crore in the previous fiscal, a jump of 42 per cent.
Bharat Heavy Electricals Limited scrip closed at Rs 195.80 on the BSE, down 3.74 per cent from the previous close.PTI
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