BHEL Q3 profit jumps 25%, but stock down 9%

NEW DELHI: State-run Bharat Heavy Electricals (BHEL) reported a 25.30 per cent year-on-year (YoY) and 3.66 per cent quarter-on-quarter (QoQ) jump in standalone profit at Rs 191.95 for the quarter ended December 31.

Analysts in an ET Now poll had projected a profit of Rs Rs 239 crore.

The company had posted a profit of Rs 153.19 crore in the corresponding quarter last year.


Shares of BHEL closed around 9 per cent down at Rs 58.90 after the announcement of financial results.

Total standalone income stood at Rs 7,562.90 crore for the third quarter, up 10.67 per cent, against the year-ago quarter's of Rs 6,833.84 crore.

The company also announced an interim dividend of Rs 0.80 per share (face value Rs 2 per share).