PSU NEWS
BHEL posted net profit of Rs 93 point 54 crore
NEW DELHI: BHEL on Tuesday posted a net profit of Rs 93.54 crore for the quarter ended December 31, 2016 on the back of higher income from the power segment. The company had reported a net loss of Rs 1,084.96 crore for the quarter under review.
The company’s total income increased to Rs 6,461.22 crore for the quarter ended December 31, 2016 from Rs 5,498.07 crore for the same quarter in the year-ago period.
The consistent growth in the first three quarters of his fiscal comes in the wake of the trend of negative topline growth prevailing for the last 14 previous quarters. This has been made possible by a slew of strategic initiatives and cost optimisation measures put in place by the management,” BHEL Chairman and Managing Director Atul Sobti said.
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