BHEL reports a 25.6% drop in Q4 net profit to Rs 489.62 crore due to higher expenses.
BHEL, India's state-owned power and industrial equipment maker, reported a 25.6% drop in Q4 net profit to Rs 489.62 crore due to higher expenses, with total expenses rising to Rs 7,794.11 crore. Revenue from operations increased marginally by 0.4% YoY to Rs 8,260.25 crore. Despite the decline, the BHEL board recommended a final dividend of 12.50% or 25 paise per share with a face value of Rs 2 each for FY23-24.
May 21, 2024
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