State-owned Bharat Heavy Electricals Ltd (BHEL) announced a significant decline in its Q4 net profit, reporting a drop of over 25% to Rs 489.62 crore. This decrease is attributed to higher expenses, as detailed in their latest financial disclosure.
Key Highlights:
- Net Profit Decline: BHEL’s consolidated net profit fell to Rs 489.62 crore in the March quarter of 2024, compared to Rs 658.02 crore in the same period last year.
- Total Expenses Increase: The company’s total expenses rose to Rs 7,794.11 crore, up from Rs 7,411.64 crore a year ago.
- Marginal Income Growth: Total income saw a slight increase, reaching Rs 8,416.84 crore from Rs 8,338.61 crore in the previous year.
- Dividend Announcement: The board has recommended a final dividend of 12.50%, or 25 paise per share, with a face value of Rs 2 each for the fiscal year 2023-24.
Quarterly BHEL Results Breakdown:
For Q4 2024, BHEL reported:
- Consolidated Net Profit: Rs 489.62 crore (down from Rs 658.02 crore in Q4 2023)
- Total Expenses: Rs 7,794.11 crore (up from Rs 7,411.64 crore in Q4 2023)
- Total Income: Rs 8,416.84 crore (up from Rs 8,338.61 crore in Q4 2023)