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  Business   Companies  07 Nov 2017  BHEL posts 6 per cent rise in Q2 net profit

BHEL posts 6 per cent rise in Q2 net profit

REUTERS
Published : Nov 7, 2017, 2:57 pm IST
Updated : Nov 7, 2017, 2:57 pm IST

Analysts on average had expected a standalone net profit of Rs 1.59 billion rupees, according to Thomson Reuters data.

Bharat Heavy Electricals Ltd posted a nearly 6 per cent rise in quarterly profit, the company said on Tuesday. (File Photo)
 Bharat Heavy Electricals Ltd posted a nearly 6 per cent rise in quarterly profit, the company said on Tuesday. (File Photo)

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.

Tags: bhel, bhel net profit, q2 earnings
Location: India, Maharashtra, Mumbai (Bombay)