BHEL Profit Rises

State-owned engineering firm Bharat Heavy Electricals Ltd (BHEL) on Monday posted a consolidated net profit of Rs 106.15 crore in September quarter mainly on the back of higher revenues. The company had reported a consolidated net loss of Rs 63.01 crore in the quarter ended on September 30, 2023, a BSE filing showed. According to the filing, BHEL had reported a loss of Rs 211.40 crore in the quarter ended June 30, 2024. Total income in the second quarter rose to Rs 6,695.37 crore in the period under review, from Rs 5,305.38 crore in the same period a year ago.

A rise in debtor days to 581 in Q2FY24, from an already high 567 days Y-o-Y has led to stresses on the working capital cycle

Net profit of the company stood at Rs 1.85 billion, or Rs 0.50 per share, in July-September period of this year compared with Rs 1.15 billion, or Rs 0.31 a share, in the same period a year ago

Total income in the quarter was Rs 6,782.08 crore compared to Rs 7,089.79 crore a year ago