BHEL registers 31% jump in net profit
Bharat Heavy Electricals Limited (BHEL) has maintained its growth momentum in the third quarter of fiscal 2010-11, with a quantum jump of nearly 31% in its Net Profit (PAT) at Rs14,032 million, compared to Rs10,726 million in the corresponding period in the year before.
The company has also recorded a topline growth of nearly 26% with its Sales/Income from Operations at Rs9,280 crore, as against Rs7,386 crore of last year. Profit Before Tax (PBT) for the quarter stood at Rs20,655 million compared to Rs16,443 million in the same period in the previous year, an increase of nearly 26%. With this, BHEL has maintained its track record of earning profits uninterruptedly for nearly four decades without a break. Notably, BHEL’s turnover has increased by three times and net profit by four times in the last five years.
With a highest-ever order book position of Rs1,580,000 million at the end of the third quarter, the company expects to achieve robust growth in 2010-11 and beyond.