BHEL CONTINUES ON GROWTH PATH,MAINTAINS PROFITABILITY MOMENTUM

New Delhi, November 7: Maintaining the momentum of profitability achieved in FY 2016-17 and continuing on the growth path in FY 2017-18, Bharat Heavy Electricals Limited (BHEL) has reported a growth of 5.9% in its net profit at Rs.115 Crore profitability, as against a net profit of Rs.109 Crore in the corresponding quarter in the previous year. Significantly, this is the highest Q2 profit in the last three years. The turnover for the second quarter of FY 2017-18 stands Rs.6,168 Crore.  

The growth in profitability has been made possible despite the provisions made for the increase in wages due to the impending wage revision. The management has adopted multiple cost optimization measures which are reflecting in these results. The turnover for the quarter has been maintained despite delays in taking-off of some held up projects. 

Importantly, with the power sector’s biggest order, the 4,000 MW Yadadri TPS worth around INR 20,400 crore, taking-off, the company recorded a quantum jump in the value of orders under execution. The company’s strategies of executing projects on fast-track along with focus on enhancing order book in the conventional as well as diversified areas will be the growth drivers for BHEL in the coming future.