20 Jun 2019 | 3:47 PM

News

COMPANYNEWS
Bharat Heavy Ele Q4 net profit jumps 49.33% at Rs 682.70 cr
  |
Published on 05-27-2019
The company reported standalone net profit of Rs 682.70 crore for the quarter ended March 31 2019 as compared to Rs 457.17 crore in the same period last year registering a year-on-year growth of 49.33 per cent.


Net revenue of the company rose by 0.05 per cent at Rs 9836.50 crore in January-March quarter of this fiscal as against Rs 9831.89 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 0.15 per cent to Rs 8901.93 crore from Rs 8915.35 crore in year ago period.


Other Income dipped by 38.93 per cent at Rs 120.87 crore versus (Mar`18 Rs 197.92 crore).


Operating Profit surged by 13.29 per cent to Rs 1395.23 crore as against Rs 1231.60 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 13.17 per cent in March quarter.


Interest grew by 32.87 per cent y-o-y to Rs 96.44 crore while Taxation decreased by 11.71 per cent at Rs 602.73 crore (Mar`18 Rs 682.70 crore).