Monday, March 4, 2024
Monday, March 4, 2024
HomeBusinessBHEL reports net loss of Rs 149 crore in Q3

BHEL reports net loss of Rs 149 crore in Q3

State-owned BHEL on Tuesday posted a consolidated net loss of Rs 148.77 crore for the third quarter ended December 2023, hit by higher expenses.

It had posted a net profit of Rs 42.28 crore in the October-December period of the previous financial year 2022-23, the company said in an exchange filing.

The company’s total revenue rose to Rs 5,599.63 crore from Rs 5,353.94 crore a year ago.

Its expenses rose to ₹5,816.87 crore from ₹5,320.84 crore in the third quarter of the last fiscal year.

BHEL is one of the largest engineering and manufacturing companies, engaged in design, engineering, construction, testing, commissioning and servicing of a wide range of products and services.

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