Bhel continues winning run; shares climb 4%

MUMBAI: Extending its gains for the third straight session, Bhel today rose by 4 per cent on the BSE as it closed last fiscal with a strong order book of Rs 43,727 crore, which is the highest in last five years.

Shares of the company climbed 4 per cent to settle at Rs 127.35 on BSE. During the day, it jumped 4.49 per cent to Rs 127.95.

At NSE, the stock went up by 3.78 per cent to close at Rs 127.45.

In terms of volume, 21.36 lakh shares of the company changed hands at BSE and over one crore shares were traded at NSE during the day.

The stock has gained nearly 13 per cent in three trading sessions.

Bhel on Thursday said that it has commissioned all-time high power generation capacity of over 15,000 MW and booked new orders worth Rs 43,727 crore in 2015-16.

The company reported a net profit of Rs 396 crore during the January-March quarter of 2015-16.

The tentative or flash financial results of the company were approved by its board of directors in a meeting held last week, Bhel had said in a BSE filing.

Overall, Bhel recorded a provisional loss of Rs 877 crore last fiscal compared with the audited net profit of Rs 1,419 crore in 2014-15.

It further said its turnover was Rs 26,702 crore last fiscal as against Rs 30,947 crore in the preceding fiscal.

However, the company's order inflow or bookings rose to Rs 43,727 crore last fiscal from Rs 30,814 crore in the previous fiscal.