For Quick Alerts
For Daily Alerts

BHEL slips 10% as earnings lag expectations


BHEL slips 10% as earnings lag expectations
Bharat Heavy Electricals: Quotes, News
BSE 54.55BSE Quote1.05 (-1.92%)
NSE 54.60NSE Quote1.05 (-1.92%)
Shares in power equipment major, Bharat Heavy Electricals slipped 10% on the back of a poor set of results.

The stock was last trading at Rs 133.60, down 10.7 per cent over Friday's closing.

Power equipment major, Bharat Heavy Electricals Ltd (BHEL), reported a slump in net profits to Rs 465 crores, as against Rs 3238 crores in the previous quarter.

Sales revenue was lower plagued by large scale problems in the power sector. Net sales came in at Rs 6352 crores for the quarter ending June 30, 2013, as against Rs 18,850 crores, reported for the quarter ending March 31, 2013.

A few investment and broking firms have downgraded the stock following a poor set of results.

Read more about: bhel
Story first published: Monday, August 5, 2013, 9:56 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more