BHEL returns to black; posts Rs 912 cr net profit in Q4

Total income during January-March 2022, rose to Rs 8,181.72 crore, from Rs 7,245.16 crore in the year-ago period.

AgenciesUpdated: Saturday, May 21, 2022, 05:56 PM IST
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In the year-ago quarter, the State-owned engineering firm had reported a consolidated net loss of Rs 1,036.32 crore, according to a regulatory filing. / Representational image |

Bharat Heavy Electricals Ltd (BHEL) on Saturday returned to black posting Rs 912.47 crore consolidated net profit in the March quarter, backed by higher income.

In the year-ago quarter, the State-owned engineering firm had reported a consolidated net loss of Rs 1,036.32 crore, according to a regulatory filing.

Total income during January-March 2022, rose to Rs 8,181.72 crore, from Rs 7,245.16 crore in the year-ago period.

Its expenses trimmed to Rs 7,091.29 crore in comparison to Rs 8,644.28 crore in January-March period of 2020-21 fiscal year.

According to the filing, the board of the company has also approved a final dividend of Rs 0.40 per share on the paid up share capital of the company for the financial year 2021-22.

''The spread of COVID-19 pandemic globally caused disturbance and slowdown of economic activity. It impacted the company's operations during the FY 2021-22, which recouped progressively,'' Bharat Heavy Electricals Limited (BHEL) said.

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