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Home / Business / BHEL records Rs 912 crore March quarter profit

BHEL records Rs 912 crore March quarter profit

Total income during January-March 2022 rose to Rs 8,181.72 crore from Rs 7,245.16 crore in the year-ago period
The company trimmed expenses to Rs 7,091.29 crore from Rs 8,644.28 crore a year ago.
The company trimmed expenses to Rs 7,091.29 crore from Rs 8,644.28 crore a year ago.
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PTI   |   New Delhi   |   Published 22.05.22, 03:09 AM

State-owned engineering firm Bhel on Saturday returned to black by posting a consolidated net profit of Rs 912.47 crore in the March quarter. 

In the year-ago quarter, the company had suffered a consolidated net loss of Rs 1,036.32 crore, according to a regulatory filing.

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

The company trimmed expenses to Rs 7,091.29 crore from Rs 8,644.28 crore a year ago.

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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