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BHEL Stock up 5 Per cent on Robust Q4 Earning
Bharat Heavy Electricals Limited (BHEL) on Tuesday posted a better than expected Q4 results.
Th company has posted a net profit of Rs 888.4 crore for the quarter ended March 31, 2015 as compared to Rs 184.4 crore for the quarter ended March 31, 2014.
Total Income has decreased from Rs 153.2 crore for the quarter ended March 31, 2014 to Rs 127crore for the quarter ended March 31, 2015.
Net sales dropped to Rs 12,368.4 crore compared to Rs 14,755 crore year-on-year
The board has recommended final dividend at 31 per cent that is Rs 0.62 per share on the paid up share capital of the company, for the year 2014-15.
The company's EBITDA was stood at Rs 1,364 crore versus Rs 2,457 crore on year on year basis.
Shares of the company closed higher by 5 per cent at Rs 241 on BSE. The stock touched an intra-day high of Rs 246 during the trade.
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