BHEL Q4 PAT Declines 25% Y-o-Y to Rs 484 Cr

State-owned Bharat Heavy Electronics on Tuesday, May 21 reported a 25% decline in its standalone net profit at 484.36 crore rupees for Q4 FY24 compared to 645.13 crore rupees posted in Q4 FY23. Sequentially, net profit soared multi-fold in Q4 FY24 as the company posted a net profit of Rs 46.31 crore in the December quarter.

 

Key Takeaways from Bharat Heavy Electronics Limited: 

  • Standalone net profit declines 25% to 484.36 crore rupees.
  • Revenue from operations rose marginally to 8,260.25 crore rupees.
  • EBITDA  stood at 892.78 crore rupees in Q4.
  • The firm declared a final dividend of 25 paise per equity share of Rs 2 face value.

 

The firm's revenue from operations rose marginally to 8,260.25 crore rupees in the quarter ended March FY24 against 8,227.99 crore rupees in the year-ago period.

Further, the company’s earnings before interest, tax, depreciation and amortisation (EBITDA) stood at 892.78 crore rupees in Q4 compared to 1,160.6 crore rupees in the last year.

The company’s board declared a final dividend of 25 paise per equity share of Rs 2 face value.

 

Total expenses of the firm rose to 7,794.11 crore rupees in the quarter from 7,411.64 crore rupees in the corresponding quarter last year. Whereas the total income in the fiscal increased marginally to 24,439.05 crore rupees from 23,853.57 crore rupees in 2022-23.

 

About Bharat Heavy Electronics Limited:

Bharat Heavy Electronics Limited also known as BHEL was established in 1964. It is India’s largest engineering and manufacturing enterprise in the energy and infrastructure sectors. It is also a leading power equipment manufacturer globally and one of the earliest and leading contributors towards building an Atma Nirbhar Bharat. The company with its comprehensive portfolio of products, systems and services serves its customers in the areas of power-thermal, hydro, gas, nuclear & solar PV, and transmission among others.

 

Read More About Bharat Heavy Electronics Limited Share Price Here!

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