BHEL falls around 15 percent after April-June earnings decline

MUMBAI (Reuters) - Shares in Bharat Heavy Electricals (BHEL) fell as much as 15.6 percent on Monday after its April-June earnings declined by 49 percent from a year earlier.

India's top power equipment maker said on Saturday net profit slumped to 4.7 billion rupees in the previous quarter from 9.2 billion rupees a year earlier.

The stock was trading 15 percent lower at 11:21 a.m.

(Reporting by Abhishek Vishnoi)