BHEL Q1 net profit up 22% at Rs 815 cr
BHEL has declared its first quarter results. The company's Q1 net profit was up 22% at Rs 815 crore versus Rs 667.7 crore, year-on-year, YoY.
July 26, 2011 / 16:18 IST
State-run BHEL has reported a jump of 22% (YoY) in its first quarter FY12 net profit. In the April-June quarter, company's net profit increased to Rs 815 crore against Rs 667.7 crore in same quarter the previous fiscal year.
Net sales were up 10% to Rs 7,190 crore from Rs 6,479.7 crore year-on-year.CNBC-TV18 poll saw net sales of Rs 7,954.36 crore and net profit of Rs 857.90 crore.Raw material cost in the first quarter increased 16% to Rs 4,581 crore while employee costs fell 3% to Rs 1301 crore year-on-year.Depreciation cost jumped quite sharply by 35% (YoY) to Rs 171 crore. Other income went up to Rs 249 crore from Rs 163 crore during the same period.Segment performanceRevenues from power division rose 7% to Rs 5,780 crore while EBIT was down 11% to Rs 952 crore.Industry revenues went up 12% to Rs 1,653 crore and EBIT shot up 1.19 times to Rs 373 crore.There was a complete lull in the order inflow during the quarter. Order book at the end of Q1FY12 stood at Rs 1,59,600 crore against Rs 1,64,100 crore at the end of Q4FY12. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
