BHEL posts Rs.1,102 crore Q3 loss on higher expense, lower revenue

New Delhi, Feb 11 (IANS) State-run equipment maker Bharat Heavy Electricals Ltd (BHEL) on Thursday reported a standalone net loss of Rs.1,101.99 crore for the third quarter of 2015-16, as against a net profit of Rs.212.60 crore in the same period a year ago, caused by higher expenses and lower revenues.

Total income from operations in the quarter in consideration declined 14 percent to Rs.5,325.57 crore, compared to Rs.6,197.96 crore in the corresponding period a year ago, the company said in a stock exchange filing.

BHEL revenues from its power segment declined 9.4 percent to Rs.4,402.14 crore during the quarter in question, from Rs.4,862.35 crore in the same period of last fiscal.

Total expenses during the quarter increased to Rs.7,189.76 crore, over Rs.6,160.59 crore spent in the corresponding quarter of 2014-15.

BHEL said it has an outstanding order book position of Rs.1,09,201 crore at the end of the third quarter of the current fiscal.

BHEL stock closed on Thursday at Rs.120.35 a share, 7.70 points, or 6.01 percent lower than its previous close on the Bombay Stock Exchange.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here