BHEL profit jumps 14% to Rs 3,660 cr in 9 months

Bharat Heavy Electrical on Friday reported a 14 percent jump in net profit at Rs 3,660.2 crore in the nine months ended December, 2011.

The power equipment major had a net profit of Rs 3,213.2 crore in the year-ago period.

BHEL's sales climbed to Rs 29,269.1 crore in the nine months under review from Rs 24,756.5 crore in the same period a year ago, the company said in a statement.

In the December quarter, the company's net profit rose to Rs 1,432.6 crore. The same stood at Rs 1,412 crore in the year-ago period.

Sales in the December quarter stood at Rs 11,078.3 crore as against Rs 10,757.6 crore in the comparable period.

According to the statement, the company has maintained its track record of earning profits uninterruptedly for nearly four decades without a break.

"Significantly, BHEL's turnover has increased by three times and net profit by four times in the last five years," it said.

BHEL has the capability to deliver 15,000 MW per annum and efforts to increase the capacity to 20,000 MW per year are underway.


ref:
http://zeenews.india.com/business/companies/bhel-profit-jumps-14-to-rs-3-660-cr-in-9-months_37811.html