Tuesday, 30 May 2017

India`s BHEL fourth-quarter profit falls 57 percent, misses estimates

Get Daily Intraday updates on One Missed Call >> 9644405056 or click here to SUBSCRIBE FREE >> http://www.ripplesadvisory.com/free-trial.php

State-run power equipment maker Bharat Heavy Electricals Ltd reported a 57 percent fall in fourth-quarter net profit on Monday, missing analysts' estimates.

Net profit was 2.16 billion rupees ($33.47 million) in the quarter ended March 31, compared with 5.06 billion rupees a year earlier.

Analysts on average had expected a quarterly profit of 5.82 billion rupees.

Total revenue from operations fell 2.4 percent to 101.58 billion rupees.

No comments:

Post a Comment