Bharat Heavy Electricals Ltd. (BHEL) has announced its financial results for the June quarter, revealing a net loss that remains largely unchanged from the previous year.
Key Financial Highlights
– Net Loss: ₹211.4 crore
– Change: Slight increase from ₹205 crore in the same quarter last year
– Revenue: ₹5,485 crore
– Change: Up 9.6% from ₹5,003 crore last year
– EBITDA: Loss of ₹169 crore
– Change: Improved slightly from a loss of ₹179 crore in the June quarter of the previous year
| Metric | Value |
|---|---|
| Net Loss | ₹211.4 crore |
| Net Loss Change | +₹6.4 crore |
| Revenue | ₹5,485 crore |
| Revenue Growth | +9.6% |
| EBITDA | -₹169 crore |
| EBITDA Change | Improvement from -₹179 crore |
| Stock Price Change* | -1.26% |
| Current Stock Price* | ₹313.40 |
Recent Developments
– New Contract: BHEL has secured a Letter of Intent from the Damodar Valley Corporation (DVC) for the construction of the 2×800 MW Koderma Phase-II Thermal Power Station in Jharkhand. The contract, valued at over ₹10,000 crore (excluding taxes and duties), is expected to be completed in 52 months.
*Stock Market Reaction
– Current Trading: BHEL’s stock is trading 1.26% lower at ₹313.40, reflecting the market’s reaction to the quarterly results released during market hours.
