BHEL shares tanks around 9.5 per cent on Rs 1,532 cr loss in Q4

Published On: Monday, June 15, 2020 | By: Team KnowMyStock

Shares of Bharat Heavy Electricals Ltd. traded 9.5 per cent down in Monday's trade to Rs 28.45 apiece after the company during the weekend reported a consolidated net loss of Rs 1,532.18 crore for the March quarter, mainly due to lower revenues and deferred tax. The company posted a consolidated net profit of Rs 680.77 crore in the quarter ended in March 2019. BHEL's total income for the quarter review stood at Rs 5,193.51 crore, down from Rs 10,489.11 crore in the same period last year. For the full fiscal 2019-20, the company suffered a consolidated net loss of Rs 1,468.35 crore. It posted a consolidated net profit of Rs 1,002.42 crore in 2018-19. The stock has jumped 40 per cent in the last month. The total market cap of the Bharat Heavy Electricals Ltd. stood at Rs 10341.73 crore. Total volumes of 4,49,73,335 shares have been traded today.

Source: Money Control, Business India, Economic Times

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