 "BHEL Q3 consolidated profit down 17% to Rs 162 cr over low revenue")
State-owned engineering firm BHEL on Tuesday reported 17 per cent decline in consolidated net profit at Rs 161.81 crore for December quarter 2019, mainly due to lower revenue.
The company's profit in the year-ago period stood at Rs 196.43 crore, a BSE filing said.
Total income in the third quarter of this fiscal declined to Rs 5,827.74 crore from Rs 7,563.51 crore in the year-ago period.
During April-December period, the consolidated profit declined to Rs 63.83 crore from Rs 321.64 crore in the same period a year ago.
Its profit in 2018-19 was Rs 1,009.16 crore.
Shares of the company settled at Rs 38.55 apiece, up 0.78 per cent, on the BSE.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%