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Updated on: Friday, July 30, 2021, 10:02 PM IST

BHEL Q1 consolidated net loss narrows to Rs 448 cr

PTI
BHEL group's operations were impacted by the second wave of the pandemic and the recovery was seen in the latter part of the quarter, it said.

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BHEL group's operations were impacted by the second wave of the pandemic and the recovery was seen in the latter part of the quarter, it said. |

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State-owned BHEL on Friday reported narrowing of consolidated net loss to Rs 448.20 crore for June quarter 2021-22 mainly due to higher revenues.

The company had reported a net loss of Rs 893.14 crore for the year-ago period, a BSE statement said.

Total income in the quarter rose to Rs 2,966.77 crore from Rs 2,086.43 crore.

The group's operations were impacted by the second wave of the pandemic and the recovery was seen in the latter part of the quarter, it said.

Based on its assessment of the business/economic conditions as on date, the group expects to recover the carrying value of assets, and will continue to evaluate the pandemic-related uncertainty and update its assessment, it added.

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Published on: Friday, July 30, 2021, 10:02 PM IST
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