Bharat Heavy Electricals Limited (BHEL) has moved higher by 3% at Rs 183 after the state-owned company said it has reported a net profit of Rs 3,108 crore for the fourth quarter ended March 2013.
Analyst on an average estimates net profit of Rs 2,680 crore from the power equipment maker.
“The company has reported a profit after tax (PAT) of Rs 6,485 crore on back of total turnover of Rs 50,015 crore during the last financial year 2012-13 (FY13),” BHEL said in a tentative financial performance for FY13.
The company had reported net profit of Rs 3,377 crore in the nine months (April-December 2012) of FY13.
Meanwhile, the company’s order inflow jumped 42% to Rs 31,528 crore in FY13 from Rs 22,096 crore in previous fiscal, it added.
The stock opened at Rs 179 and hit a high of Rs 184 on NSE. A combined 4.78 million shares have already changed hands on the counter till 1304 hours on NSE and BSE.
Analyst on an average estimates net profit of Rs 2,680 crore from the power equipment maker.
“The company has reported a profit after tax (PAT) of Rs 6,485 crore on back of total turnover of Rs 50,015 crore during the last financial year 2012-13 (FY13),” BHEL said in a tentative financial performance for FY13.
The company had reported net profit of Rs 3,377 crore in the nine months (April-December 2012) of FY13.
Meanwhile, the company’s order inflow jumped 42% to Rs 31,528 crore in FY13 from Rs 22,096 crore in previous fiscal, it added.
The stock opened at Rs 179 and hit a high of Rs 184 on NSE. A combined 4.78 million shares have already changed hands on the counter till 1304 hours on NSE and BSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
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%