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The heavy electrical equipment manufacturer’s BHEL aka Bharat Heavy Electricals Limited’s net profit fell by 24.92% to Rs 484.36 crore in Q4 FY24, compared to Rs 645.13 crore in Q4 FY23.
The company’s net sales increased 0.83% to Rs 7,883.88 crore in the quarter ended March 31, 2024, compared to Rs 7,819.37 crore in Q4 FY24.
More details on Bharat Heavy Electricals Limited
Total revenue from operations increased marginally to Rs 8,260.25 crore in the fourth quarter of FY24, compared to Rs 8226.99 crore in Q4 FY23.
In the fourth quarter of FY24, the firm’s profit before tax was Rs 631.06 crore, a 31.9% decrease from the previous year.
The company’s revenue from the electricity segment was Rs 5,902.78 crore (down 4.27% YoY), while income from the industry segment was Rs 1,981.10 crore (up 19.84% YoY) during the period under review.
On a consolidated basis, the PSU company’s net profit fell 25.59% to Rs 489.62 crore in Q4 FY24, compared with Rs 658.02 crore in Q3 FY23.
In the fourth quarter of FY24, operating revenue increased by 0.40% year on year to Rs 8,260.25 crore.
Meanwhile, the board has recommended a final dividend of Rs 0.25 per equity share for fiscal year 2023-24, which will be paid within 30 days of the Annual General Meeting, if declared by the Company.
Bharat Heavy Electricals (BHEL), a state-run company, is involved in the design, engineering, construction, testing, commissioning, and servicing of a wide range of goods and services for the core economic sectors. As of December 31, 2023, the government of India owned 63.17% of the corporation.
The stock rose 2.95% to close at Rs 319.20 on the BSE and 2.85% to close 319.20 on the NSE.
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Frequently Asked Questions on BHEL
How to Buy BHEL Share?
You can easily buy shares of the PSU company in any of the trading apps by creating a demat account and getting the KYC documents verified online.
What is the Market Cap of BHEL?
Market capitalization, short for market cap, is the market value of a publicly traded company’s outstanding shares. The market cap of Bharat Heavy Electrical Ltd is ₹1,07,961 Cr as of 20 May ‘24.
What is the PE and PB ratio of BHEL?
The PE and PB ratios of the power sector company is -911.91 and 4.14 as of 20 May ‘24
What is the 52 Week High and Low of BHEL?
The 52 Week High/Low is the highest and lowest price at which BHEL stock has traded during that given time period and is considered as a technical indicator. The 52-week high and low of the power sector company is Rs. 318.30 and Rs. 77.25 as of 21st May 2024
