BHEL Shares Slide After Q4 PAT Declines 25% Y-o-Y to Rs 484 Cr.

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Shares of Bharat Heavy Electronics fell 4.5% to Rs 304.85 after the company consolidated netprofit tumbled 25.6% to Rs 489.62 crore rupees for the Jan-Mar quarter in FY24.

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Consolidated revenue from operations grew marginally by 0.4% to Rs 8,260.25 crore Y-o-Y fromRs 8,226.99 crore.

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Sequentially, quarter-on-quarter revenue grew 50% from Rs 5,503.81 crore.

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The company’s board recommended a dividend of 25 paise per equity share of Rs 2 face valuefor FY24.

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