Bharat Heavy Electricals Limited (BHEL) reported a rise of 21.35 per cent in the net profit to Rs 1,347 crore in the three months ended March 31, 2009 as against Rs 1,110 crore in the corresponding quarter in the previous year.
The equipment major reported nine per cent increase in net profit for 2008-09 at Rs 3,138 crore as compared to Rs 2,859.30 crore in 2007-08. Net sales were up 35.4 per cent at Rs 26,234 crore in 2008-09 compared to Rs 19,365.50 crore in 2007-08.
BHEL also informed the Bombay Stock Exchange that the board of directors of the company at its meeting has recommended a final dividend of 80 per cent in addition to the interim dividend of 90 per cent already paid.
BHEL stock was trading at Rs 2,078 levels up 4.28 per cent on BSE.