BHEL Reports Over 30% Decline In Q4FY23 PAT, Records 2% Revenue Growth

Bharat Heavy Electricals Limited (BHEL), India's leading engineering and manufacturing company, recently announced its financial results for the fourth quarter of the fiscal year.

The company witnessed a decline of over 30% in consolidated Profit After Tax (PAT) for the quarter ended March 2023 (Q4FY23), with PAT standing at Rs 611 crore. This represents a significant decrease compared to the profit of Rs 912.5 crore recorded in the year-ago period. Despite the decline in PAT, the company managed to achieve a 2% increase in total revenue from operations.

According to the earnings report, overall income from operations for the quarter under review was Rs 8226.99 crore, up from Rs 8226.99 crore in the previous fiscal's corresponding period.

EBITDA has decreased by 14.4% to Rs 986.2 crore, from Rs 1,151.9 crore in the same quarter last year.

On Friday, the stock opened at Rs 82.10 and ended at Rs 78.95. Prior to the results, the share price had dropped by 3.42 percent.

The Board has recommended a Final Dividend of 20% on the Company's paid-up share capital of Rs.0.40 per share of Rs.2/-each for FY 2022-23.