BHEL Q3 results: Profit drops 17% to Rs 163 crore, sales plunge 23%

NEW DELHI: Engineering major Bharat Heavy Electricals Ltd (BHEL) on Tuesday reported 17.21 per cent year-on-year drop in consolidated profit at Rs 162.67 crore for the quarter ended December 31. The company had posted a profit of Rs 196.48 crore in the same period last year.

Sales of the company declined 23.32 per cent to Rs 5,459.24 crore. Total expenditure declined to Rs 5,608.36 crore in Q3FY20 over Rs 7,293.15 crore in Q3FY19.

The company announced results post market hours. Earlier during the day, the scrip closed 0.78 per cent up at Rs 38.55. The benchmark BSE Sensex closed 236.52 points, or 0.52 per cent, up at 41,216.


Segment-wise, power segment reported 26.11 per cent fall in revenue at Rs 4,072.70 crore. Industry witnessed 13.77 per cent fall in revenue at Rs 1,386.54 crore.