Bharat Heavy Electricals standalone net profit declines 57.38% in the March 2017 quarter

Sales decline 2.72% to Rs 9404.95 crore

Net profit of Bharat Heavy Electricals declined 57.38% to Rs 215.55 crore in the quarter ended March 2017 as against Rs 505.71 crore during the previous quarter ended March 2016. Sales declined 2.72% to Rs 9404.95 crore in the quarter ended March 2017 as against Rs 9668.06 crore during the previous quarter ended March 2016.

For the full year,net profit reported to Rs 495.86 crore in the year ended March 2017 as against net loss of Rs 709.60 crore during the previous year ended March 2016. Sales rose 10.82% to Rs 27587.64 crore in the year ended March 2017 as against Rs 24894.33 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales9404.959668.06 -3 27587.6424894.33 11 OPM %6.928.96 -3.99-5.49 - PBDT482.49981.23 -51 1476.67-228.43 LP PBT268.59738.41 -64 627.83-1164.17 LP NP215.55505.71 -57 495.86-709.60 LP

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