BHEL announces Q1 results, reports net loss of Rs 211.4 crore
The revenue for the quarter increased by 9.6% to Rs 5,485 crore from Rs 5,003 crore last year.
State-run Bharat Heavy Electricals Ltd. (BHEL) has reported June quarter results having a net loss of Rs 211.4 cr, nearly at the same levels compared to the same quarter last year.
The PSU reported a net loss of Rs 211.4 crore, compared to a net loss of Rs 205 crore during the previous year's quarter. The revenue for the quarter increased by 9.6% to Rs 5,485 crore from Rs 5,003 crore last year.
The company’s Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) came in at a loss of Rs 169 crore, which is slightly lower than the loss of Rs 179 crore it reported in the June quarter of financial year 2024.
Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel
Shares of BHEL are currently trading 1.3% lower at Rs 313.4. Notably, the stock has risen 60% so far in 2024 and has tripled in value in the last 12 months.
Read Also : Indian Bank Hands Over Sanction Letters Worth Rs 1,011 Crore to Over 3,000 Women