(Reuters) - State-run power plant equipment maker Bharat Heavy Electricals Ltd's fourth-quarter net profit more than doubled from a year earlier, but missed analysts' expectations.
Net profit rose to 4.57 billion rupees ($67.35 million) in the quarter ended March 31, from 2.16 billion rupees a year earlier, the company said on Tuesday.
Analysts on average had expected a profit of 5.19 billion rupees, according to Thomson Reuters data.
The company incurred tax expenses of around 6.82 billion rupees for the quarter.
Total revenue from operations fell 1 percent to 101.44 billion rupees.
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($1 = 67.8550 Indian rupees)
(Reporting by Jessica Kuruthukulangara and Arnab Paul in Bengaluru; Editing by Subhranshu Sahu)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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