New Delhi, February 5: Accelerating its growth momentum, Bharat Heavy Electricals Limited (BHEL) has reported a surge in profitability in the first nine months of FY2018-19. The company has registered a quantum jump of 74% in its profit before tax (PBT) at Rs.772 Crore, and the turnover jumped by 8% to Rs.19,513 Crore, as against the corresponding nine-month period last year.
Significantly, BHEL has also declared an interim dividend of 40%.
Continuing on the path of healthy top-line growth, in the third quarter of FY 2018-19, BHEL has recorded a turnover of Rs.7,116 Crore against Rs.6,494 Crore recorded in the corresponding period last year, an increase of 10 %. Profit Before Tax (PBT) during the period has increased to Rs.275 Crore compared to Rs.190 Crore in Q3 of FY 17-18, up by 45%.
In a highly competitive and shrunken market, concerted efforts have resulted in a significant increase in the total outstanding order book by 14% and is more than Rs.116,700 Crore – the highest at the beginning of the last seven calendar years. The company has maintained 100% market share in the thermal utility segment in the last two years.
