BHEL Q3 PAT slides 17% Y-o-Y

Bharat Heavy Electricals (BHEL) declared its Q3 figures post trading hours today, 11 February 2020.

Consolidated net profit dropped 17.20% to Rs 162.67 crore in Q3 December 2019 (Q3 FY20) as against Rs 196.48 crore reported in Q3 December 2018 (Q3 FY19). Profit before tax (PBT) slipped 17.98% to Rs 229.29 crore Y-o-Y. Net sales slumped 23.32% year-on-year (Y-o-Y) to Rs 5,459.24 crore in Q3 FY20.

BHEL's power segment revenue fell 26.12% to Rs 4072.70 crore while industry segment revenue declined 13.62% to Rs 1385.07 crore during the period under review.

Shares of BHEL rose 0.78% to close at Rs 38.55 on BSE. The scrip hovered in the range of Rs 38.25 to Rs 39.10 in the intraday.

BHEL is an integrated power plant equipment manufacturer, which is engaged in the designing, engineering, manufacturing, constructing, testing, commissioning and servicing a range of products and services for various sectors, such as power, transmission, industry, transportation, renewable energy, oil and gas, and defense.

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