BHEL 2011-12 provisional net profit up 14%
State-run Bharat Heavy Electricals Ltd said on Tuesday its provisional net profit rose 14.3% to Rs 6,870 crore for the just concluded 2011-12 fiscal year.
April 04, 2012 / 14:07 IST
State-run Bharat Heavy Electricals Ltd said on Tuesday its provisional net profit rose 14.3% to Rs 6,870 crore for the just concluded 2011-12 fiscal year.
India's top power equipment maker said provisional turnover was Rs 49,301 crore in the last fiscal year that ended on March 31, up 13.8% from 2010-11.BHEL order inflows during 2011-12 were Rs 22,096 crore, 63.5% lower than the inflows in the previous fiscal year, the company said in a statement.Shares in the firm, valued by the market at USD 12.5 billion, were trading 1.8% higher in a firm Mumbai market at 12:41 p.m. (0711 GMT).The stock has gained more than 11% value so far in 2012, compared with a 14% gain in the main stock index during the same period. 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!
