BHEL reports 54% surge in Q1 net profit; stock rallies 15%

BHEL on Wednesday reported a 54 per cent YoY rise in net profit to Rs 77.70 crore for the June quarter, beating an ET Now poll estimate of a loss of Rs 10.40 crore. The company had reported a net profit of Rs 50.43 crore in the corresponding quarter of last year. Sales for the quarter came in at Rs 5,523 crore, which was much higher that ET Now poll estimate of Rs 4,578 crore. The company had reported net sales of Rs 4,280.02 crore in the same quarter last year more at: http://economictimes.indiatimes.com/markets/stocks/earnings/bhel-reports-54-surge-in-q1-net-profit-stock-rallies-15/articleshow/54045593.cms