BHEL Q4 Results: Profit Down 25.6%

Bharat Heavy Electricals Ltd.'s profit fell in the fourth quarter of fiscal 2024.

Net profit of the company was down 25.6% year-on-year to Rs 490 crore during the January-March period, according to an exchange filing on Tuesday.

Revenue rose 0.4% to Rs 8,260 crore during the quarter, as against Rs 8,227 crore over the same period last year.

• Revenue up 0.4% to Rs 8,260 crore versus Rs 8,227 crore.

• Ebitda down 30.6% to Rs 728 crore versus Rs 1,049 crore.

• Margin at 8.8% versus 12.8%.

• Net profit fell 25.6% to Rs 490 crore versus Rs 658 crore.

Shares of BHEL closed 2.72% up at Rs 318.80 apiece, as compared with a 0.12% advance in the Nifty 50.

(This is a developing story).