BHEL clocks 42% jump in profit to Rs 1,909 cr

State-run power equipment maker Bharat Heavy Electricals Ltd (BHEL) today reported a rise of about 42 per cent in audited net profit to Rs 1,909.5 crore for the fourth quarter ended March 2010, against Rs 1,347.4 crore in the corresponding period a year earlier.

Total income of the Navratna firm rose to Rs 14,152.6 crore during the January-March quarter of FY10 from Rs 11,047.2 crore in the same period a year ago, BHEL said in a filing to the Bombay Stock Exchange (BSE).

The country’s premier engineering firm has declared a final dividend of 123 per cent, or Rs 12.30, per share of Rs 10 face value for the year 2009-10.

For the full financial year ended March 31, BHEL posted a net profit of Rs 4,310.6 crore, up 37 per cent compared to Rs 3,138.2 crore in the previous financial year.

The company’s audited financial results for FY10 rose to Rs 34,396.6 crore from Rs 27,646.6 crore in the 2008-09 financial year.

Shares of BHEL were being quoted at Rs 2,254.90, down by 0.36 per cent, in late afternoon trade on the BSE.