State-owned equipment maker BHEL reported a 14.6% increase in net profit at Rs 3,208 crore for the quarter ended March 31, 2011. In the same quarter a year ago it was Rs 2,798 crore.
The provisional net profit stood at Rs 6,868 crore for the financial year 2011-12, 14.2% rise from the previous fiscal. In 2010-11, the company had reported net profit of Rs 6,011 crore.
Turnover also rose 13.7% to Rs 49,301 crore from Rs 43,337 crore in Mar 2011.
However, the order inflow declined 63.4% to Rs 22,096 crore from Rs 60,507 crore.
Shares of the company surged 3.45% to a high of Rs 269.30. It was later trading at Rs 266.85, up 2.52% on the BSE at 1300 hours.