Bharat Heavy Electricals (BHEL) has reported results for third quarter ended December 31, 2013.
The company has reported 41.21% fall in its net profit at Rs 694.81 crore for the quarter, as compared to Rs 1181.85 crore for the same quarter in the previous year. Total income of the company decreased by 15.41% at Rs 8925.63 crore for quarter under review as compared to Rs 10552.09 crore for the quarter ended December 31, 2012.
Consequent to merger of Bharat Heavy Plates & Vessels (BHPV) with the Company with effect from August 30, 2013, the financial results of HPVP unit (erstwhile BHPV) have been included in the above results. In view of this, figures for the current reporting period are not comparable with the figures in corresponding period of previous year.
The company has reported 41.21% fall in its net profit at Rs 694.81 crore for the quarter, as compared to Rs 1181.85 crore for the same quarter in the previous year. Total income of the company decreased by 15.41% at Rs 8925.63 crore for quarter under review as compared to Rs 10552.09 crore for the quarter ended December 31, 2012.
Consequent to merger of Bharat Heavy Plates & Vessels (BHPV) with the Company with effect from August 30, 2013, the financial results of HPVP unit (erstwhile BHPV) have been included in the above results. In view of this, figures for the current reporting period are not comparable with the figures in corresponding period of previous year.
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