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BHEL Q3 results: Net loss at Rs 149 crore, shares slip 7%

BHEL Q3 results: Net loss at Rs 149 crore, shares slip 7%

BHEL₹ 413.00(0.12%)

Shares of BHEL slipped 6.83% to Rs 201.50 on BSE after the Q3 earnings were announced.

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Aseem Thapliyal
Aseem Thapliyal
  • Updated Feb 13, 2024 4:02 PM IST
BHEL Q3 results: Net loss at Rs 149 crore, shares slip 7% BHEL Q3 results: Net loss at Rs 149 crore, shares slip 7%
SUMMARY
  • The company reported a loss of Rs 194.91 crore before tax in the last quarter against Rs 52.71 crore profit in the December 2022 quarter. 
  • Total expenses climbed 9.32% to Rs 5816.87 crore in Q3 against Rs 5320.84 crore in the year ago period. 
  • The stock ended 1.39% lower at Rs 213.30 on BSE. 

Bharat Heavy Electricals Ltd (BHEL) reported a consolidated loss of Rs 149  crore in Q3 of this fiscal against Rs 42 crore profit in the quarter ended December 2022. Total revenue rose 4.56% to Rs 5503.81 crore in Q3 against Rs  5263.68 crore in the corresponding period of the preceding fiscal.

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The company reported a loss of Rs 194.91 crore before tax in the last quarter against Rs 52.71 crore profit in the December 2022 quarter. Total expenses climbed 9.32% to Rs 5816.87 crore in Q3 against Rs 5320.84 crore in the year ago period.

Shares of BHEL slipped 6.83% to Rs 201.50 on BSE after the Q3 earnings were announced. Total 31.75 lakh shares of the firm changed hands amounting to a turnover of Rs 61.82 crore. Market cap of the firm fell to Rs 74,063 crore. The stock ended 1.39% lower at Rs 213.30 on BSE.

Also read: Hot stocks on February 13: Tata Power, Paytm, IRFC, YES Bank and more

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.
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ABOUT THE AUTHOR

Aseem Thapliyal
Aseem Thapliyal

A journalist with over 12 years' experience, who tracks trends in the share market and writes stock market stories. An active follower of Sensex and Nifty, I capture stocks in news and analysis by share market experts and brokerages on their outlook and price targets. I cover company news/earnings leading to a rally or crash in particular stocks or stock market indices. Also track impact of global stock markets on their Indian peers. I have worked with Live Mint and NDTV Profit in previous stints. My hobbies are exploring new places, travelling, watching movies, spending time with friends and family, watching web series, playing cricket and football. I have completed graduation from Delhi University along with a PG Diploma in journalism from IIMC. I can be reached easily via social media platforms.

Published on: Feb 13, 2024 3:40 PM IST
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