BHEL slips 9% on posting Rs 231 crore loss in December quarter

The company's turnover during the quarter under review declined 23 per cent at Rs 4,203 crore, impacted by execution headwinds and pandemic

Shares of Bharat Heavy Electricals Limited (BHEL) slipped 9 per cent to Rs 39.55 on the BSE in Monday's intra-day trade, in an otherwise strong market, after the company reported a loss of Rs 231 crore in the December quarter (Q3FY21) due to poor operational performance. The state-owned heavy equipment company had posted a profit after tax of Rs 159 crore in Q3FY20.

At 12:29 pm, BHEL was trading 8 per cent lower at Rs 40.10 on the BSE as compared to a 0.99 per cent risen in the S&P BSE Sensex. A combined around 94 million equity shares have changed