Q4: BHEL net profit falls over 25%

23 May 2024 CW Team

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.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..