BusinessIndia

BHEL’s profile rises by 74 pc in first nine months of FY 2018-19

New Delhi, Feb 5 (IEBusiness) Accelerating its growth momentum, Bharat Heavy Electricals Limited (BHEL) has registered a quantum jump of 74 per cent in its profit before tax (PBT) at Rs 772 crore, and the turnover jumped by eight per cent to Rs 19,513 crore, as against the corresponding nine-month period last year.

Significantly, BHEL has also declared an interim dividend of 40 per cent.

Continuing on the path of healthy top-line growth, in the third quarter of FY 2018-19, BHEL has recorded a turnover of Rs 7,116 crore against Rs 6,494 crore recorded in the corresponding period last year, an increase of 10 per cent.

Profit Before Tax (PBT) during the period has increased to Rs 275 crore compared to Rs 190 crore in Q3 of FY 17-18, up by 45 per cent.

In a highly competitive and shrunken market, concerted efforts have resulted in a significant increase in total outstanding order book by 4 per cent and are more than Rs 116,700 crore – the highest at the beginning of the last seven calendar years.

The company has maintained 100 per cent market share in the thermal utility segment in the last two years.

Source
Via UNI-India
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