Analysts on average had expected a standalone net profit of Rs 1.59 billion rupees, according to Thomson Reuters data.
BHEL has already supplied 225 such IGBT-based traction converters, which are in operation with Indian Railways.
Power plant equipment maker Bharat Heavy Electricals Ltd posted a nearly 6 per cent rise in quarterly profit, the company said on Tuesday, but missed analysts’ forecasts.
Net profit came in at Rs 1.15 billion ($17.73 million) in the quarter ended September 30, compared with a profit of Rs 1.09 billion rupees a year earlier, the company said. Analysts on average had expected a standalone net profit of Rs 1.59 billion rupees, according to Thomson Reuters data.
Income from operations fell 9 per cent to Rs 61.68 billion.
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