BHEL’s profit before tax surges by 152% -Governance Now

BHEL’s profit before tax surges by 152%

Net profit (PAT) for the year stands at Rs 807 cr, against Rs 496 cr in the last fiscal

GN Bureau | May 29, 2018

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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.

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