New Delhi, September 19: Amidst the continued challenging business environment, Bharat Heavy Electricals Limited (BHEL) has registered quantum growth in its profitability and order booking in fiscal 2017-18, ending the year with significant traction in growth drivers. This was stated by Mr. Atul Sobti, Chairman and Managing Director, BHEL at the 54th Annual General Meeting of the company here today.
Addressing the shareholders, Mr. Sobti said that during the year, the company achieved a profit before tax (PBT) of Rs.1,585 Crore, compared to Rs.628 Crore in the year before, registering a surge of 152%. Net profit (PAT) for the year jumped 63% at Rs.807 Crore, against Rs.496 Crore in the previous fiscal. Maintaining the trend of topline growth for the second consecutive year, BHEL has recorded a turnover of Rs.27,850Crore, as against Rs.27,740 Crore in the previous year.
Consequently, a total dividend of 91% has been declared on the enhanced equity share capital post bonus for the year 2017-18, maintaining the track record of paying dividends uninterruptedly since 1976-77. Notably, this is the highest dividend paid by the company in the last four years, he added.
