Shares of Bharat Heavy Electricals Ltd (BHEL) were trading lower on Monday after the PSU announced its Q3 earnings. Net profit zoomed 189% to Rs 390 crore in Q3 against Rs 134.7 crore on a year-on-year basis.
Profitability was boosted by a higher other income component. However, BHEL shares slipped 2.15% to Rs 259.85 against the previous close of Rs 265.55. Market cap of the firm fell to Rs 90,481 crore.Later, the stock ended 0.94% lower at Rs 263.05 against the previous close of Rs 265.55.
BHEL's revenue rose 16.4% at Rs 8,473 crore in Q3 against Rs 7,277 crore a year ago. Other income in Q3 more than doubled to Rs 219 crore against Rs 108 crore (YoY). EBITDA climbed 79% to Rs 546 crore in Q3 against Rs 304.5 crore (YoY). EBITDA margin came at 6.4% in Q3 against 4.2% margin on a YoY basis.
The combination of strong EBITDA growth and margin expansion showcases BHEL's comprehensive operational strength and market positioning.
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