BHEL Q3 Results: PAT jumps 55% YoY to Rs 42 crore

On a sequential basis, the profit after tax rose by 250% from just Rs 12 crore reported in the preceding September quarter.

Revenue from operations rose by a marginal 2% to Rs 5,263 crore in the third quarter against Rs 5,136 crore in the same period last year. However, on a sequential basis, revenue rose just 1% from Rs 5,202 crore in the September quarter.

The company's total expenses were almost flat at Rs 5,320 crore against Rs 5,270 crore in the year-ago period.

Segment-wise, revenue from power came in at Rs 3,992 crore, 7% higher compared with Rs 3,723 crore reported in the third quarter of last year.

Meanwhile, revenues from the industry fell 20% to Rs 947 crore in the December quarter. It was Rs 1,195 crore in December 2021.

Other operating income for the quarter under review surged 49% to Rs 324 crore against Rs 217 crore in the same quarter of last year.

The company informed exchanges that Raj Kamal Bindal and Manish Kapoor have ceased to be Part-time Non-Official (Independent) Directors on the Board of BHEL on completion of their tenure.

BHEL is one of the largest engineering and manufacturing companies engaged in the design, engineering, construction, testing, commissioning, and servicing of a wide range of products and services with over 180 product offerings.

According to Trendlyne data, BHEL has an average target of Rs 70.33, which represents a downside of -6.72% from the current levels.

On Friday, ahead of the results, the company's stock ended 1.64% lower at Rs 75.10 apiece on NSE.