BHEL sustained profitability momentum; PAT at Rs. 448 cr

by Psu Connect
Date: 29-05-23

BHEL has sustained the momentum achieved in the previous fiscal, ending the year with significant traction in growth drivers. During the year, BHEL recorded revenue from operations of Rs.23,365 Crore.

NEW DELHI- BHEL has sustained the momentum achieved in the previous fiscal, ending the year with significant traction in growth drivers. During the year, BHEL recorded revenue from operations of Rs.23,365 Crore, up 10% over the previous year.

The company achieved a Profit Before Tax (PBT) of Rs.450 Crore, and Profit After Tax (PAT) of Rs.448 Crore with continued focus on cost control and prudent resource management.

Notably, BHEL’s strategic shift towards project-centric operations and focus on optimizing project execution over the last four years has paid rich dividends.

The company’s construction tonnage in projects across the country has shot up by a massive 100% in FY 2022-23 as compared to FY 2019-20, showcasing the increase in pace and efficiency of project execution.

Liquidity has been maintained due to improved execution focus with the realization from current year billing going up from 59% to 86% over the past 4 years.

About BHEL-

BHEL is India’s largest engineering and manufacturing enterprise in the energy and infrastructure sectors. Established in 1964, we are a leading power equipment manufacturer globally and one of the earliest contributors to building an Aatmanirbhar Bharat.

BHEL serves customers with a comprehensive portfolio of products, systems, and services in the areas of power-thermal, hydro, gas, nuclear & solar PV; transmission; transportation; defense & aerospace; oil & gas and new areas like BESS and EV chargers.