Bharat Heavy Electricals Limited (BHEL) is trading almost flat at Rs 142 after reporting a sharp 64% year-on-year (yoy) decline in net profit at Rs 456 crore for the quarter ended September 30, 2013 (Q2), due to lower operational income. The state-owned heavy electrical equipment maker had profit of Rs 1,274 crore in a year ago quarter.
The company’s net sales declined by 15% at Rs 8,819 crore on yoy basis, BHEL said in a statement.
As on September 30, 2013, the order book stood at Rs 122,300 crore, a 16.35% lower than Rs 122,300 crore during the same period last year.
The stock hit a low of Rs 139, falling over 4% from intra-day high of Rs 145 on BSE, after announcement of Q2 results.
The company’s net sales declined by 15% at Rs 8,819 crore on yoy basis, BHEL said in a statement.
As on September 30, 2013, the order book stood at Rs 122,300 crore, a 16.35% lower than Rs 122,300 crore during the same period last year.
The stock hit a low of Rs 139, falling over 4% from intra-day high of Rs 145 on BSE, after announcement of Q2 results.
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