BHEL Q4 results: PAT declines 33% YoY to ₹611 cr owing to higher cost; dividend declared2 min read 26 May 2023, 07:38 PM IST
BHEL's PAT recorded double-digit decline year-on-year in Q4FY23, due to a sharp spike in total expenses despite an upsurge in power demand in the country. Also, EBITDA was impacted, however, revenue stood steady.
One of the largest engineering and manufacturing companies of its kind in India, BHEL earned a net profit of ₹611 crore in the fourth quarter of FY23. This is a decline of 33.04% from a PAT of ₹912.47 crore recorded in Q4FY22. However, sequentially, BHEL records a multi-fold rise in profitability.
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