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Business News/ Companies / Bhel Q2 profit rises 6% to Rs115 crore, misses estimates
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Bhel Q2 profit rises 6% to Rs115 crore, misses estimates

Bhel's net profit came in at Rs115 crore in the second quarter ended 30 September, compared with a profit of Rs109 crore a year earlier

Bhel’s income from operations fell 9% to Rs6,168 crore.Premium
Bhel’s income from operations fell 9% to Rs6,168 crore.

Bengaluru: Power plant equipment maker Bharat Heavy Electricals Ltd (Bhel) posted a nearly 6% rise in quarterly profit, the company said on Tuesday, but missed analysts’ forecasts.

Net profit came in at Rs115 crore ($17.73 million) in the quarter ended 30 September, compared with a profit of Rs109 crore a year earlier, the company said.

Analysts on average had expected a standalone net profit of Rs159 crore, according to Thomson Reuters data.

Income from operations fell 9% to Rs6,168 crore. Reuters

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Published: 07 Nov 2017, 02:09 PM IST
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