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Published on 27/05/2019 3:09:29 PM | Source: Dion Global Solutions Ltd

Bharat Heavy Ele Q4 net profit jumps 49.33% at Rs 682.70 cr

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The company reported standalone net profit of Rs 682.70 crore for the quarter ended March 31, 2019 as compared to Rs 457.17 crore in the same period last year, registering a year-on-year growth of 49.33 per cent. Net revenue of the company rose by 0.05 per cent at Rs 9,836.50 crore in January-March quarter of this fiscal as against Rs 9,831.89 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 0.15 per cent to Rs 8,901.93 crore from Rs 8,915.35 crore in year ago period.

Other Income dipped by 38.93 per cent at Rs 120.87 crore versus (Mar'18 Rs 197.92 crore). Operating Profit surged by 13.29 per cent to Rs 1,395.23 crore as against Rs 1,231.60 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 13.17 per cent in March quarter. Interest grew by 32.87 per cent y-o-y to Rs 96.44 crore, while Taxation decreased by 11.71 per cent at Rs 602.73 crore (Mar'18 Rs 682.70 crore).