+
Q4: BHEL net profit falls over 25%
ECONOMY & POLICY

Q4: BHEL net profit falls over 25%

The consolidated net profit of state-owned Bharat Heavy Electrical Ltd. (BHEL) decreased by more than 25% to Rs 4.89 billion during the March quarter, mostly as a result of increased costs. Its combined net profit for the quarter that ended on March 31, 2023, was Rs 6.58 billion. The company's total costs increased from Rs 74.11 billion during the same time last year to Rs 77.94 billion during the quarter.The total income for the quarter increased slightly from Rs 83.38 billion to Rs 84.16 billion from the same time last year.

According to the statement by the entity, the board has proposed a final dividend on the paid-up share capital of the firm for the fiscal year 2023-2024 at a rate of 12.5%, or 25 paise per share with a face value of Rs 2.

Additionally, its consolidated net profit decreased to Rs 2.82 billion in the fiscal year 2023?24 from Rs 6.54 billion in the previous year. In 2022-2023, the total income grew slightly to Rs 244 billion from Rs 238 billion.

The consolidated net profit of state-owned Bharat Heavy Electrical Ltd. (BHEL) decreased by more than 25% to Rs 4.89 billion during the March quarter, mostly as a result of increased costs. Its combined net profit for the quarter that ended on March 31, 2023, was Rs 6.58 billion. The company's total costs increased from Rs 74.11 billion during the same time last year to Rs 77.94 billion during the quarter.The total income for the quarter increased slightly from Rs 83.38 billion to Rs 84.16 billion from the same time last year. According to the statement by the entity, the board has proposed a final dividend on the paid-up share capital of the firm for the fiscal year 2023-2024 at a rate of 12.5%, or 25 paise per share with a face value of Rs 2. Additionally, its consolidated net profit decreased to Rs 2.82 billion in the fiscal year 2023?24 from Rs 6.54 billion in the previous year. In 2022-2023, the total income grew slightly to Rs 244 billion from Rs 238 billion.

Related Stories

Gold Stories

Next Story
Infrastructure Transport

97 Per Cent Of Rongjeng-Mangsang-Adokgre Road Nears Completion

Deputy Chief Minister in-charge of public works Prestone Tynsong said in Shillong on 26 August that 97 per cent physical progress had been achieved on the ongoing Rongjeng-Mangsang-Adokgre road being constructed under the Non-Lapsable Central Pool of Resources (NLCPR). He noted the project was sanctioned in 2017 and that the stipulated time for completion had been 24 months from issue of the final work order. The deputy chief minister informed the assembly that the government had decided to include the remaining work under a World Bank project. In reply to a query from Rongjeng MLA Jim M Sangm..

Next Story
Infrastructure Transport

First TBM Starts Digging Five Point Three Kilometre Tunnel Under SGNP

The Goregaon-Mulund Link Road (GMLR) Phase three (B) project has reached a key milestone as the first tunnel boring machine (TBM) began excavation of the first of two tunnels beneath the Sanjay Gandhi National Park (SGNP). The machine, named Tulsi, started cutting a five point three kilometre bore that will link Dadasaheb Phalke Chitranagari in Goregaon East with Amar Nagar in Mulund West. Officials issued a statement noting the commencement of tunnelling work under the protected green belt. The twin tunnels are being constructed using mechanised tunnelling methods that aim to limit surface di..

Next Story
Infrastructure Transport

UP Approves Two Expressways And Rs 240 bn Infrastructure Push

The Uttar Pradesh Cabinet approved a series of infrastructure and industrial investment proposals totalling Rs 240 billion (Rs 240 bn), including two major expressway projects, a manufacturing and logistics cluster in Sultanpur and incentives for 11 industrial projects across the state. The decisions, taken at a meeting chaired by Chief Minister Yogi Adityanath, underline the state government’s focus on expanding road connectivity around emerging industrial hubs while attracting manufacturing investment to districts beyond major urban centres. The approvals cover both greenfield expressway c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code