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BHEL reports Rs 1,532 cr loss in Q4 on lower revenues and deferred tax

The company had posted a consolidated net profit of Rs 680.77 crore in the quarter ended March 2019, it said in a BSE filing.

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Total income in the quarter review stood at Rs 5,193.51 crore, down from Rs 10,489.11 crore in the same period last year.

Press Trust of India New Delhi

2 min read Last Updated : Jun 14 2020 | 1:29 AM IST

State-run engineering firm BHEL on Saturday reported a consolidated net loss of Rs 1,532.18 crore for the March quarter, mainly due to lower revenues and deferred tax.

The company had posted a consolidated net profit of Rs 680.77 crore in the quarter ended March 2019, it said in a BSE filing.

Total income in the quarter review stood at Rs 5,193.51 crore, down from Rs 10,489.11 crore in the same period last year.

BHEL has opted for new section 115BAA of the Income Tax Act, 1961 in the current year. Accordingly, deferred tax as on April 1 ,2019 has been restated at the

Topics : Coronavirus Lockdown BHEL Q4 results Bhel Q4 Results Q4 earnings public sector undertakings Income Tax Act

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