BHEL posts Rs 1,102 crore loss for October-December quarter

BHEL today reported standalone net loss of Rs 1,101.99 crore for the quarter ended December 31, 2015 due to higher expenses and lower revenues. The company had reported a net profit of Rs 212.60 crore in the year-ago period, Bharat Heavy Electricals Ltd (BHEL) said in a filing to BSE. ref: http://economictimes.indiatimes.com/markets/stocks/earnings/bhel-posts-rs-1102-crore-loss-for-october-december-quarter/articleshow/50948882.cms