BHEL Q1 net loss narrows to Rs 188 cr

4 Aug 2022 , 03:25 PM

Net sales stood at Rs 4,449.49 crore for the quarter ended 30 June 2022 as against Rs 2,723.82 crore during the same period in the previous year, registering a growth of 63.35%. BHEL posted a pre-tax loss of Rs 250.84 crore in Q1 FY23 as against a pre-tax loss of Rs 597.17 crore registered in the same quarter last year. The companys total expenditure surged 40.15% to Rs 5,006.5 crore in Q1 FY23 from Rs 3,572.12 posted in Q1 FY22. Cost of raw material consumed jumped 52.97% to Rs 1,030.77 crore in Q1 FY23 as against Rs 673.83 crore recorded in Q1 FY22. Power business sales stood at Rs 3,526.20 crore, up by 66.57% YoY while industry segment sales was at Rs 923.29 crore higher by 52.13% YoY. State-run BHEL is engaged in design, engineering, construction, testing, commissioning and servicing of a wide range of products and services to the core sectors of economy. As of 30 June 2022, the Government of India held 63.17% stake in the company. Shares of BHEL fell 1.32% to Rs 52.50 on the BSE. Powered by Capital Market – Live News