Buoyed by a healthy topline growth, State-owned equipment major Bharat Heavy Electricals Ltd (BHEL) on Monday announced a 33 per cent jump in net profit during the first quarter of the current fiscal.
BHEL’s net profit for the April-June period was Rs 384.41 crore against Rs 288.91 crore during the same period a year earlier, the company said in a statement to the Bombay Stock Exchange. Total revenue rose 34 per cent to Rs 4,620.98 crore during the quarter, up from Rs 3,440.20 crore.
Shares of BHEL closed down 1.56 per cent at Rs 1506.45 on the BSE. The results were announced after the market had closed.
Ref:
http://www.thehindubusinessline.com/2008/07/22/stories/2008072252160200.htm
Monday, July 21, 2008
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