Bhel Q4 profit falls 52% to Rs888.35 crore1 min read . Updated: 27 May 2015, 01:52 AM IST
Net sales fell 15.8% to Rs12,368.43 crore from a year earlier; other income for the quarter stood at Rs16.02 crore, down 94.5% on year
Mumbai: Bharat Heavy Electricals Ltd (Bhel) said fiscal fourth-quarter profit declined 52% because of lower sales and other income.
Net profit fell to ₹ 888.35 crore in the quarter ended 31 March from ₹ 1,844.59 crore a year ago. Net sales fell 15.8% to ₹ 12,368.43 crore from a year earlier. Analysts had expected the company to post a profit of ₹ 802 crore on net sales of ₹ 12,200 crore, according to a Bloomberg survey.
Other income for the quarter stood at ₹ 16.02 crore, down 94.5% from a year ago period.
Shares of Bhel rose 2.88% to ₹ 241 apiece on BSE, while the exchange’s benchmark Sensex fell 0.41% to 27,531.41 points.