Bharat Heavy Electricals Ltd.'s profit fell in the fourth quarter of fiscal 2024.
Net profit of the company was down 25.6% year-on-year to Rs 490 crore during the January-March period, according to an exchange filing on Tuesday.
Revenue rose 0.4% to Rs 8,260 crore during the quarter, as against Rs 8,227 crore over the same period last year.
BHEL Q4 FY24 Result Highlights (YoY)
Revenue up 0.4% to Rs 8,260 crore versus Rs 8,227 crore.
Ebitda down 30.6% to Rs 728 crore versus Rs 1,049 crore.
Margin at 8.8% versus 12.8%.
Net profit fell 25.6% to Rs 490 crore versus Rs 658 crore.
Shares of BHEL closed 2.72% up at Rs 318.80 apiece, as compared with a 0.12% advance in the Nifty 50.
(This is a developing story).
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