State-run power equipment maker Bharat Heavy Electricals Ltd (BHEL) today reported a 82.48% plunge in standalone net profit at Rs 33.89 crore for the quarter ended June 30, due to lower sales.<\/p>\n
The PSU firm had reported a net profit of Rs 193.50 crore in the corresponding quarter of the previous fiscal, BHEL said in a regulatory filing.<\/p>\n
Net sales during the quarter were at Rs 4,280.76 crore, registering a decline of 15.5%.<\/p>\n
The company’s net sales in the year-ago period stood at Rs 5,067.59 crore.<\/p>\n
BHEL’s revenue from the power sector declined to Rs 3,357.13 crore during the quarter from Rs 4,144.16 crore in the year-ago period.<\/p>\n
“The company has an outstanding order book position of about Rs 1,16,200crore at the end of Quarter 1\/2015-16,” the company said.<\/p>\n
BHEL had signed three agreements with Kazakh companies during Prime Minister Narendra Modi’s recent visit to the country.<\/p>\n
The first pact was signed with JSC Samruk Energy, the national power utility of Kazakhstan which has a major share in Kazakh’s power sector, BHEL said in a statement last month.<\/p>\n
Company’s shares were trading at Rs 258.00 apiece on BSE in late afternoon trade, down 8.58%.<\/p>\n","protected":false},"excerpt":{"rendered":"
State-run power equipment maker Bharat Heavy Electricals Ltd (BHEL) today reported a 82.48% plunge in standalone net profit at Rs 33.89 crore for the quarter ended June 30, due to lower sales. The PSU firm had reported a net profit of Rs 193.50 crore in the corresponding quarter of the previous fiscal, BHEL said in a regulatory filing. Net sales during the quarter were at Rs 4,280.76 crore, registering a decline of 15.5%. The company’s net sales in the year-ago period stood at Rs 5,067.59 crore. BHEL’s revenue from the power sector declined to Rs 3,357.13 crore during the quarter […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[132],"tags":[],"class_list":["post-27839","post","type-post","status-publish","format-standard","hentry","category-power"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/27839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=27839"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/27839\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=27839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=27839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=27839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}