Q2 results: BHEL profit soars 60%, but lags forecast1 min read . Updated: 25 Oct 2018, 12:27 PM IST
Net profit came in at ₹185 crore in the quarter ended 30 September, compared with ₹115 crore a year earlier
Mumbai: State-run power plant equipment manufacturer Bharat Heavy Electricals Ltd posted on Thursday a 60% surge in second-quarter profit, but missed analysts’ estimates.
Net profit came in at ₹ 185 crore ($25.25 million) in the quarter ended 30 September, compared with ₹ 115 crore a year earlier, BHEL said.
Analysts on average had expected the company to post a profit of ₹ 236 crore, according to Refinitiv estimates.
Total revenue from operations rose 6.3% to ₹ 6,780 crore.
This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.