BHEL Q3 profit up 64% at Rs 153 crore

New Delhi: Bharat Heavy Electricals Limited (BHEL) reported a 64% surge in its net profit in the third quarter of current financial year.

BHEL chairman and managing director Atul Sobti said fast execution of projects, resource optimisation measures and efforts for revival of stranded projects have begun reflecting in the results.

The next wave of growth will be engineered with a focus on enhancing the order book in the diversified as well as conventional areas, he said.


The company's net profit stood at Rs 153 crore in the last quarter against Rs 93.5 crore in the corresponding period last fiscal.

BHEL also declared an interim dividend of 40% on the enhanced equity following a bonus issue earlier in the year. The turnover for the third quarter rose by 5% to Rs 6,494 crore, compared to Rs 6,187 crore, an official statement said.

For the nine-month period of FY 2017-18, the company recorded a profit after tax of Rs 349 crore and a turnover of Rs 18,018 crore (net of excise duty).