ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • India
    • Economy
    • Politics
    • Markets
  • World
    • Economy
    • Politics
    • Markets
  • Companies
    • Auto
    • Banking & Financial Services
    • Pharma
    • Energy
    • Infrastructure
    • Media
    • IT
    • Telecom
    • Consumer Products
    • Aviation
    • FMCG
  • Personal Finance
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
  • Mutual Funds
  • Technology
  • Automobile
    • Cars
    • Bikes
  • Small Business
    • SME
    • Startups
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
    • AUTHORS
Home » Companies News

BHEL Q1 net jumps 54%; shares surge

Reportedly, India Ratings & Research, downgraded BHEL's rating to 'IND-AA+' from 'IND-AAA+'. 

  • Twitter
  • Facebook
  • GPlus
BHEL Q1 net jumps 54%; shares surge
The EBIDA during June 2016 stood at Rs 71 crore and the margin at 1.3%. Photo: Official Website
By ZeeBiz WebTeam
Updated: Wed, Sep 07, 2016
02:36 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
BHEL gets HPCL order of Rs 1,034 crore; stock falls over 1% BHEL gets HPCL order of Rs 1,034 crore; stock falls over 1%
BHEL shares rally as net profit rises to Rs 109 crore BHEL shares rally as net profit rises to Rs 109 crore
BHEL secures two Hydro R&M contracts worth Rs 430 crore BHEL secures two Hydro R&M contracts worth Rs 430 crore
BHEL interested in Ultra High speed MAGLEV trains in India BHEL interested in Ultra High speed MAGLEV trains in India

The shares of Bharat Heavy Electricals Ltd (BHEL) rallied by 16% after the company reported 54% jump in net profit for the quarter ended on June 30.

At 1353 hours the shares of the company were trading at Rs 160.40 per piece, up 15.94%, or Rs 22.05 on BSE.

On the Standalone basis, the company posted a net profit of Rs 77.7 crore for Q1FY17 as compared to Rs 50.4 crore for the quarter ended on June 30,2015.

The state-run company's total income increased from Rs 4858.9 crore in the June 2015 quarter to Rs 5871.7 crore in June 2016 quarter. 

During the Q1FY17, the sales was at Rs 5523 crore as compared to Rs 4280.02 crore in the same quarter previous year. The EBIDA during June 2016 stood at Rs 71 crore and the margin at 1.3%.

Reportedly, India Ratings & Research, downgraded BHEL's rating to 'IND-AA+' from 'IND-AAA+'. 

TAGS:
Bharat Heavy Electricals Ltd (BHEL)BHEL share priceBHEL net profitIndia Ratings and Research (Ind-Ra)
RELATED NEWS
BHEL gets HPCL order of Rs 1,034 crore; stock falls over 1% BHEL gets HPCL order of Rs 1,034 crore; stock falls over 1%
BHEL shares rally as net profit rises to Rs 109 crore BHEL shares rally as net profit rises to Rs 109 crore
BHEL secures two Hydro R&M contracts worth Rs 430 crore BHEL secures two Hydro R&M contracts worth Rs 430 crore
BHEL interested in Ultra High speed MAGLEV trains in India BHEL interested in Ultra High speed MAGLEV trains in India
BHEL wins order for solar power projects worth over Rs 400 crore BHEL wins order for solar power projects worth over Rs 400 crore

LATEST NEWS

Big impact of GST: Industrial space leasing in India grows 40% in 2018, reports CBRE

SBI PPF: Is Public Provident Fund money withdrawal possible before maturity? Answer is here

Merger of Vijaya Bank and Dena Bank with BoB to be effective from this date

Income Tax Return (ITR) filing: SBI customer? Lower your tax burden, invest money here

We should all work concertedly towards early conclusion of talks: Suresh Prabhu to RCEP members

RBI Guv Shaktikanta Das asks bankers why they aren't cutting lending rates

Tech Mahindra to buyback shares worth Rs 1,956 crore

Mutual Funds Sahi Hai but don't invest in more than 3 funds - Here's why; check logic with examples

Govt re-promulgates ordinance for companies law amendments

Ariane 6 rocket sees first commercial deals in race with SpaceX

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • Amazon Prime Day
  • Income Tax
  • Bharti Airtel
  • NPA
  • Home Loan

Trending Topics

  • Farm Loans
  • 7th Pay Commission
  • Sanitary Pads
  • National Stock Exchange
  • GST

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved