Bharat Bijlee has moved higher by 8% to Rs 635 on the NSE after the company reported a net profit of Rs 67 lakh for the quarter ended September 30, 2015 (Q2) against a loss of Rs 10 crore in the year ago quarter.
Net sales of the company during the quarter however, declined by 10.7% at Rs 134 crore against Rs 150 crore in the corresponding quarter of previous fiscal.
The company posted operating or earnings before interest, tax, depreciation and amortization (EBITDA) profit of Rs 2.42 crore against loss of Rs 6.25 crore in the same quarter last year.
The stock hit a high of Rs 649 on the NSE and has seen a combined 46,924 shares changed hands on the counter on the NSE and BSE.
Bharat Bijlee is one of the leaders in the electrical engineering industry in India. A multi-product, multi-divisional organization, its main business segments are transformers, projects, electric motors, elevator systems and drives & automation.
Net sales of the company during the quarter however, declined by 10.7% at Rs 134 crore against Rs 150 crore in the corresponding quarter of previous fiscal.
The company posted operating or earnings before interest, tax, depreciation and amortization (EBITDA) profit of Rs 2.42 crore against loss of Rs 6.25 crore in the same quarter last year.
The stock hit a high of Rs 649 on the NSE and has seen a combined 46,924 shares changed hands on the counter on the NSE and BSE.
Bharat Bijlee is one of the leaders in the electrical engineering industry in India. A multi-product, multi-divisional organization, its main business segments are transformers, projects, electric motors, elevator systems and drives & automation.
