BHEL posts impressive Q2 net profit of Rs 456 crore
7 Nov 2013 6:18 AM IST
The figures are however not comparable since the July- September quarter of 2013-14 fiscal includes financial results of Heavy Plates and Vessels Plant (HPVP)—erstwhile Bharat Heavy Plate and Vessels Ltd (BHPV) —which has been merged with the company.
The power equipment maker, which is grappling with tough market conditions, had net profit of Rs 1,274.45 crore in the same period of last fiscal, 2012-13.
Bhel's total income declined to Rs 9,482.25 crore in the second quarter of the current fiscal, from Rs 10,692.22 crore recorded in the same period a year ago.
Financial results for the three months as well as for six months ended on 30 September, 2013 include those of HPVP unit (erstwhile BHPV), Bhel said in a regulatory filing.
'Consequent to this, impact of HPVP unit for and up to the quarter ended on 30 September, 2013 includes turnover of Rs 16.69 crore and PBT (profit before tax) of Rs (-)191.35 crore. The impact on reserves and surplus is a reduction by Rs 311 crore,' it noted.
'In view of this, figures for the current reporting period are not comparable with the previously reported period figures,' the filing said.
Bhel's outstanding order book was worth Rs 1,02,300 crore at the end of the second quarter.
Shares of the company fell nearly 2 per cent to close at Rs 140.45 on the Bombay Stock Exchange (BSE).
The power equipment maker, which is grappling with tough market conditions, had net profit of Rs 1,274.45 crore in the same period of last fiscal, 2012-13.
Bhel's total income declined to Rs 9,482.25 crore in the second quarter of the current fiscal, from Rs 10,692.22 crore recorded in the same period a year ago.
Financial results for the three months as well as for six months ended on 30 September, 2013 include those of HPVP unit (erstwhile BHPV), Bhel said in a regulatory filing.
'Consequent to this, impact of HPVP unit for and up to the quarter ended on 30 September, 2013 includes turnover of Rs 16.69 crore and PBT (profit before tax) of Rs (-)191.35 crore. The impact on reserves and surplus is a reduction by Rs 311 crore,' it noted.
'In view of this, figures for the current reporting period are not comparable with the previously reported period figures,' the filing said.
Bhel's outstanding order book was worth Rs 1,02,300 crore at the end of the second quarter.
Shares of the company fell nearly 2 per cent to close at Rs 140.45 on the Bombay Stock Exchange (BSE).
Next Story
