Bharat Heavy Electricals (BHEL) faced a challenging quarter as reflected in its standalone numbers for September 2023. The company’s net sales amounted to Rs 5,125.29 crore, marking a 1.49% decline from the previous year’s figure of Rs 5,202.57 crore.
Furthermore, BHEL reported a substantial net loss of Rs 233.41 crore for September 2023, representing a significant increase of 2368.32% from the net loss of Rs 10.29 crore in September 2022.
Additionally, BHEL’s EBITDA stood negative at Rs 190.96 crore in September 2023, marking a sharp decrease of 883.32% from the EBITDA of Rs 19.42 crore in September 2022.
The challenging financial performance had an impact on the company’s stock, with BHEL shares trading 1.36% lower at ₹123.60 on November 9th at 10:40 am. The market response underscores the difficulties faced by BHEL in the current economic landscape.
