India’s state-owned power equipment major, BHEL, today reported 31% rise in its net profit to Rs 1,403 crore during Q3FY11 (vs. 1,072 crore in Q3FY10), led by strong sales which rose nearly 26% to Rs 9,280 crore (vs. 7,386 crore in Q3FY10). The company’s PBIT too rose at almost identical rate to Rs. 2,080 crore from Rs. 1651.2 crore, during the said period.
However, it’s total expenditure too jumped substantially, by 23%, to Rs. 7,096 crore, on a Y-o-Y basis.
The company’s EPS stood at Rs. 28.7 during the third quarter ending December 31, 2010, up from Rs. 21.9 recorded in the corresponding quarter of the previous fiscal year.
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The New Delhi-headquartered company has an outstanding order book position of about Rs. 1,58,000 crore at the end of the just concluded December quarter.
BHEL is India’s largest engineering and manufacturing enterprise in the energy-related/infrastructure sector. It caters to the core sectors of the Indian Economy, viz. Power, Transmission, Industry, Transportation, Renewable Energy, Oil & Gas and Defence.
Source: BHEL
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