Friday, October 29, 2010

BHEL Q2 net up 33% to Rs 1,142 cr

State-owned Bharat Heavy Electricals (BHEL) today registered a 33 per cent growth in its standalone net profit at Rs 1,142.28 crore for the second quarter ended September 30, over the same period last year. 

The company had reported a net profit of Rs 857.88 crore in the July-September quarter last fiscal, BHEL said in a filing to the Bombay Stock Exchange. 

Net sales of the Bangalore-based firm rose to Rs 8,328.41 crore from Rs 6,625.21 crore in the same quarter a year ago, it added. 

Shares of BHEL were trading at Rs 2,475 per piece on the BSE , up 0.95 per cent from the previous close.

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