Surge in BHEL’s Profit: PBT up by 152%, PAT up by 63%

Sarkaritel
By Sarkaritel May 29, 2018 12:47


New Delhi, May 29: As a result of strategic initiatives taken, Bharat Heavy Electricals Limited (BHEL) has registered quantum growth in its profit and order booking in fiscal 2017-18, ending the year with significant traction in growth drivers.

During the year, the company achieved a profit before tax (PBT) of Rs.1,585 Crore, compared to a PBT of Rs.628 Crore in the year before, registering a surge of 152%. Net profit (PAT) for the year stands at Rs.807 Crore, against Rs.496 Crore in the previous fiscal, a 63% jump. 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 FY 2017-18 would have been higher by Rs.488 crore totaling to Rs.28,338 Crore, a jump of 2.2 % over the previous year, considering the duties & taxes on bought-out items & Civil Turnover which were forming part of the turnover in the pre-GST regime. 

For the fourth quarter ending on 31 March 2018, the PBT stood at Rs.1140 Crore against Rs.269 Crore in the previous year – a jump of 324%. PAT was declared as Rs.457 Crore as against Rs.216 Crore last year, registering a jump of 112%. The turnover for the quarter was Rs.9,833 Crore as against Rs.9,479 Crore in the last year.

Sarkaritel
By Sarkaritel May 29, 2018 12:47