BHEL maintains growth trajectory under difficult market conditions

Bharat Heavy Electricals Limited maintained the growth momentum achieved in the year before, with a top line growth of 20% and an all time high Turnover of INR 495100 Million. The company also recorded a quantum jump of 24% in its Profit After Tax (PAT) which was also the highest ever at INR 70400 Million. Significantly, with this BHEL has become eligible for ‘Maharatna’ status. This was disclosed by Mr B Prasada Rao, Chairman & Managing Director, BHEL at the 48th Annual General Meeting of the company, here today. Addressing shareholders, Mr. Rao said that BHEL recorded a 26% surge in Net Worth, which went up to Rs.25373 Crore from INR 20154 Crore in the year before. Earnings Per Share (EPS) on the post split number of shares basis went up by 24% to INR 28.76. Consequently, a total dividend of Rs.15660 Million the highest ever, has been declared for 2011-12, which is 320% of the paid-up capital (including an interim dividend of 136%). more at: http://www.steelguru.com/indian_news/BHEL_maintains_growth_trajectory_under_difficult_market_conditions/284929.html