Shares of engineering firm BHEL tumbled 19 per cent on Monday after the company’s consolidated net loss widened to Rs 2,699.70 crore in the financial year 2020-21.
The stock declined 17.91 per cent to Rs 62.55 on the BSE.
At the NSE, it tanked 19 per cent to Rs 61.65.
The earnings were announced post market hours on Friday.
For the quarter ended March, state-owned BHEL’s consolidated net loss narrowed to Rs 1,036.32 crore, mainly on the back of higher revenues.
The company’s consolidated net loss had stood at Rs 1,532.18 crore in the quarter ended on March 31, 2020, according to a regulatory filing.
