BHEL Q4 PAT slides to Rs. 359.58 crores

Bharat Heavy Electricals Ltd has announced the financial results for the quarter & year ended March 31, 2016.

The Company has posted a net profit of Rs. 3595.80 million for the quarter ended March 31, 2016 as compared to Rs. 8883.50 million for the quarter ended March 31, 2015. Total Income has decreased from Rs. 127612.10 million for the quarter ended March 31, 2015 to Rs. 104186.40 million for the quarter ended March 31, 2016.

The Company has posted a net (loss) of Rs. (9134.20) million for the year ended March 31, 2016 as compared to net profit of Rs. 14192.90 million for the year ended March 31, 2015. Total Income has decreased from Rs. 310761.70 million for the year ended March 31, 2015 to Rs. 270800.70 million for the year ended March 31, 2016.

The Group has posted consolidated net (loss) after taxes, minority interest and share of profit of associates of Rs. (8959.30) million for the year ended March 31, 2016 as compared to net profit of Rs. 14523.80 million for the year ended March 31, 2015. Total Income has decreased from Rs. 316904.00 million for the year ended March 31, 2015 to Rs. 278102.00 million for the year ended March 31, 2016.

Shares of BHARAT HEAVY ELECTRICALS LTD. was last trading in BSE at Rs.120.7 as compared to the previous close of Rs. 120.75. The total number of shares traded during the day was 994677 in over 8851 trades.

The stock hit an intraday high of Rs. 123.25 and intraday low of 119.6. The net turnover during the day was Rs. 120614877.

Source : Equity Bulls

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