BHEL Q2 profit soars, but lags forecast

(Reuters) - State-run power plant equipment manufacturer Bharat Heavy Electricals Ltd posted on Thursday a 60 percent surge in second-quarter profit, but missed analysts' estimates.
Net profit came in at 1.85 billion rupees ($25.25 million) in the quarter ended Sept. 30, compared with 1.15 billion rupees a year earlier, BHEL said.
Analysts on average had expected the company to post a profit of 2.36 billion rupees, according to Refinitiv estimates.
Total revenue from operations rose 6.3 percent to 67.80 billion rupees.
Also Read
($1 = 73.2650 rupees)
(Reporting by Tanvi Mehta in Bengaluru, Editing by Sherry Jacob-Phillips)
Disclaimer: No Business Standard Journalist was involved in creation of this content
More From This Section
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Oct 25 2018 | 11:55 AM IST
