State-run power equipment maker Bharat Heavy Electricals Ltd (BHEL) today posted 5.9 per cent rise in standalone net profit at Rs 115.42 crore for the quarter ended on September 30, 2017.
The company's standalone net profit was Rs 109 crore in the quarter ended on September 30, 2016, the PSU said in a statement, adding that profit in July-September 2017-18 is the highest second quarter profit achieved in last three years.
Total income in the quarter was Rs 6,782.08 crore compared to Rs 7,089.79 crore a year ago. The turnover (sales) for the second quarter of 2017-18 stood at Rs 6,168.36 crore compared to Rs 6,780.03 crore in the year-ago quarter.
"The growth in profitability has been made possible despite the provisions made for the increase in wages due to the impending wage revision," Atul Sobti, the Chairman and Managing Director of BHEL told
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)