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BHEL Q1 results: Loss widens to Rs 344 crore, revenue up

BHEL Q1 results: Loss widens to Rs 344 crore, revenue up

Loss for the quarter stood at Rs 343.89 crore for the June quarter compared with Rs 187.99 crore in the same quarter last year. BHEL had logged a profit of Rs 611 crore in the March quarter.

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Amit Mudgill
Amit Mudgill
  • Updated Aug 4, 2023 4:09 PM IST
BHEL Q1 results: Loss widens to Rs 344 crore, revenue upBHEL said its consolidated sales for the quarter rose to Rs 4,818.37 crore compared with Rs 4,449.49 crore in the corresponding quarter last year.

Bharat Heavy Electricals Limited (BHEL) on Friday reported a widening of consolidated loss at Rs 343.89 crore for the June quarter compared with Rs 187.99 crore in the same quarter last year. Kotak chad forecast BHEL's los at Rs 217.60 crore for the quarter. BHEL had logged a profit of Rs 611 crore in the March quarter.

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Revenue for the quarter rose to Rs 4,818.37 crore compared with Rs 4,449.49 crore in the corresponding quarter last year. Sales too disappointed. Kotak Institutional Equities anticipated sales to rise 7.1 per cent YoY to Rs 5,004 crore. PL expected a sales growth of 15.2 per cent YoY.

BHEL results came in post market hours of Friday. Earlier, the stock closedthe day at Rs 98.95 on BSE, 1.79 per cent.
 

Also read: Adani Enterprises, Adani Power shares in focus after Q1 results

Also read: Tata Power shares recover 29% from 52-week low; can they hit Rs 300 mark? 

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

ABOUT THE AUTHOR

Amit Mudgill
Amit Mudgill

A financial journalist with over 18 years of experience in print and digital media, I cover India's capital markets, focusing on stocks, IPOs, mutual funds, corporate earnings, and market trends. Currently with Business Today, I report on equities, corporate developments, fundraising activity, and the broader investment landscape, delivering timely, data-backed insights to investors and readers.

Previously, I worked with The Economic Times and Deccan Chronicle, covering business, markets, and corporate affairs. My experience spans breaking news, analysis, and long-form features, with a strong focus on financial markets and investment-related reporting.

I am on the go 24/7:  Saying 'Good Night' to Dow Jones and 'Good Morning' to Gift Nifty comes naturally. Ask me about data and you'll hear stories. Away from markets, I enjoy stargazing, astrophotography, reading about India's neighbourhood, and playing video games.

Published on: Aug 4, 2023 3:53 PM IST
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