Bharat Heavy Electricals net profit up 39 percent

By IANS,

Mumbai : State-run heavy electrical equipment maker Bharat Heavy Electricals Ltd (BHEL) has posted a 39 percent increase in net profit for the quarter ended Sep 30 at Rs.858 crore, compared to Rs.616 crore in the corresponding quarter last fiscal.


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The company’s total income increased from Rs.5,650 crore for the quarter ended Sep 30, 2008 to Rs. 6,923 crore, the company said in a regulatory statement.

It posted a net profit of Rs.616 crore during the three-month period ended September, with net sales increasing to Rs.6,625 crore in the quarter under review year from Rs.5,342.63 crore a year ago.

At the end of the July-September quarter, BHEL had an outstanding order book position of about Rs.125,800 crore, it said in the statement.

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