BHEL share price: Shares of Bharat Heavy Electricals (BHEL) cracked almost 8 per cent in early deals on BSE on Wednesday, May 22, a day after the company reported its March quarter (Q4) scorecard. BHEL share price opened at ₹305 against its previous close of ₹319.20 and crashed about 7.6 per cent to hit the level of ₹295. The stock, however, pared losses soon and traded 4.61 per cent lower at ₹304.50 apiece around 9:20 am. Equity benchmark Sensex was 0.07 per cent up at 74,005 at that time.
BHEL Q4 result
After market hours on Tuesday, May 21, BHEL reported a 25.6 per cent year-on-year (YoY) fall in its consolidated net profit for Q4FY24 to ₹489.6 crore against a profit of ₹658 crore in the corresponding quarter last year.
The state-owned power generation equipment manufacturer’s revenue from operations rose marginally by 0.4 per cent to ₹8,260 crore in the quarter under review, compared to ₹8,227 crore in the year-ago period.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) in Q4FY24 rose 30.6 per cent to ₹728 crore, compared to ₹1,049 crore in the same period last year. Margin came in at 8.8 per cent compared to 12.8 per cent in the year-ago period.
The company announced a final dividend at 12.50 per cent or 25 paise per share with a face value of ₹2 each on the paid-up share capital of the company for FY24.
Also Read: BHEL Q4 Results: Net profit drops 25% to ₹489 crore, revenue up marginally; dividend declared
(More to come)
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Published: 22 May 2024, 09:17 AM IST