BHEL 2011/12 provisional net profit up 14%

State-run Bharat Heavy Electricals Ltd said on Tuesday its provisional net profit rose 14.3% to 68.7 billion rupees ($1.35 billion) fo r the just concluded 2011/12 fiscal year.

State-run Bharat Heavy Electricals Ltd said on Tuesday its provisional net profit rose 14.3% to 68.7 billion rupees ($1.35 billion) fo r the just concluded 2011/12 fiscal year.

HT Image

The country's top power equipment maker said provisional turnover was 493.01 billion rupees in the last fiscal year that ended on March 31, up 13.8% from 2010/11.

BHEL order inflows during 2011/12 were 220.96 billion rupees, 63.5% lower than the inflows in the previous fiscal year, the company said in a statement.

Shares in the firm, valued by the market at $12.5 billion, were trading 1.8% higher in a firm Mumbai market at 12:41 pm.

The stock has gained more than 11% value so far in 2012, compared with a 14% gain in the main stock index during the same period.