BHEL stock down 5% on weak Q4 results

Shares of power equipment maker BHEL fell by 5 per cent today after the company's standalone net profit declined 59.5 per cent in the fourth quarter ended March 31, 2015-16.
The company's result came post market hours on Friday.
The stock declined by 5 per cent to Rs 121.70 at BSE.
On NSE, it went down by 4.91 per cent to Rs 121.80.
The stock was the worst performer among the blue-chips on both Sensex and Nifty during the early trade.
The state-run power equipment maker's standalone net profit declined 59.5 per cent to Rs 359.58 crore in the January-March quarter due to lower income from operations.

The company had posted a net profit of Rs 888.35 crore in the corresponding quarter of 2014-15, the company had said in a regulatory filing on Friday.
Its total income from operations fell by 21.5 per cent to Rs 10,004.77 crore during the January-March quarter of 2015-16 as compared to that of Rs 12,745.19 crore in the same period of previous fiscal.
However, total expenses decreased to Rs 9,883.76 crore, over Rs 11,345.53 crore in the year-ago period.