BHEL’s turnover up by 8 percent -Governance Now

BHEL’s turnover up by 8 percent

BHEL clocks a jump of 109 percent in its profit before tax at Rs 226 crore in the first quarter of current fiscal

GN Bureau | August 6, 2018

#heavy electrical #BHEL profit #BHEL

BHEL has reported a quantum jump in profitability and order booking in the first quarter of 2018-19 FY.

BHEL has clocked a significant jump of 109 percent in its profit before tax at Rs 226 crore, as against Rs 108 crore achieved in the corresponding quarter of the previous fiscal. Profit after tax has increased to Rs 156 crore compared to Rs 81 crore in Q1 2017-18 FY, up by 93 percent.

It has recorded a turnover of Rs 5,790 crore, against Rs 5,355 crore recorded in the corresponding period last year, a rise of over 8 percent.

Concerted efforts resulted in order booking to increase by two and a half times to Rs 4,371 crore, compared to Rs 1,744 crore in the corresponding quarter last year.

BHEL says this performance has been achieved through prudent strategies of accelerated execution, cost control and resource optimisation measures.

Prudent strategies of garnering a higher market share in a shrunken and highly competitive business environment have also paid rich dividends and BHEL has a total order book of around Rs 117,000 crore, at the end of the first quarter of the current fiscal.

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