BHEL results beat market expectations; stock up 2.6%

Business

oi-Sneha

By Sneha B K

Updated: Monday, April 8, 2013, 14:13 [IST]

Bharat Heavy Electricals Limited (BHEL), on Monday posted 8% drop in net profit for the quarter ended March 2013. Net profit stood at Rs 6,485 crore as against Rs 7,040 crore in the year-ago period.

The company said that these are tentative figures as approved by Board of Directors in the meeting held today.

While, the net sales rose 6% to Rs 50,015 crore against to Rs 47,228 crore in March 2012. The company's order inflow stood at Rs 31,528 crore, growth of 42 per cent on Year-on-Year (Y-o-Y) basis.

Shares of the company was seen trading at Rs 181 higher by 2.36%. Stock touched an intyra-day high of Rs 184.

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