Net profit (PAT) for the year stands at Rs 807 cr, against Rs 496 cr in the last fiscal
GN Bureau | May 29, 2018
Bharat Heavy Electricals Limited (BHEL) has posted quantum growth in its profit and order booking in 2017-18 fiscal, ending the year with significant traction in growth drivers.
During the year, BHEL achieved a profit before tax (PBT) of Rs 1,585 crore, compared to Rs 628 crore in the previous year, registering a surge of 152 percent.
Net profit (PAT) for the year stands at Rs 807 crore, against Rs 496 crore in the previous fiscal, a 63 percent increase. Maintaining the trend of topline growth for the second consecutive year, BHEL has also recorded a turnover of Rs 27,850 crore, as against Rs 27,740 crore in the previous year.
Notably, on a comparable basis, the turnover for 2017-18 FY would have been higher by Rs 488 crore, totaling to Rs 28,338 crore, a jump of 2.2 percent over the previous year, considering the duties & taxes on bought-out items and civil turnover which were forming part of the turnover in the pre-GST regime.
For the fourth quarter ending on March 31, 2018, the PBT stood at Rs 1140 crore against Rs 269 crore in the previous year. PAT was declared as Rs 457 crore as against Rs 216 crore last year, registering a jump of 112 percent.
Minutes after the Supreme Court ordered a floor test on Wednesday night, Uddhav Thackeray in a televised address resigned as the chief minister of Maharashtra and also as a member of legislative council (MLC). He later drove down to Raj Bhavan and tendered his resignation to the governor Bhagat Singh Koshi
The gig economy has arrived in India, as the Covid-19 pandemic has propelled a flexibility of employment. As many as 77 lakh workers were engaged in the gig economy, constituting 2.6% of the non-agricultural workforce or 1.5% of the total workforce in India. The gig workforce is expected to expand to 2.35
From obtaining an electricity connection to a driver`s licence, ration card, or old-age allowance, delivery of government schemes and services is an aspect of governance that impacts citizens at various points throughout their lives. The Haryana state government provides over 600 such schemes and services.
From Dependence to Self-Reliance: Mapping India’s Rise as a Global Superpower By Bimal Jalan Rupa Publications, 184 pages, Rs 695 Bimal Jalan, a former governor of the Reserve Bank of India (RBI), has been one of our finest commentators on econom
While many countries have been chasing to reach the carbon neutral status, only a few seem to be living up to their pledges as of now. The famous ’Paris Agreement’ of 2015 was glorified and celebrated that finally 196 countries have united with an intent to mitigate and reduce the greenhouse ga
The government this week announced the Tour of Duty or `Agnipath` scheme for the recruitment of soldiers in the armed forces. Under this scheme new soldiers will be recruited only for four years. This radical and far-reaching scheme has attracted mixed reactions from various quarters. While some officials