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BHEL first-quarter profit nearly doubles, but lags forecast

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State-run power plant equipment maker Bharat Heavy Electricals Ltd said on Wednesday standalone net profit for the first quarter nearly doubled.

BHEL first-quarter profit nearly doubles, but lags forecast
State-run power plant equipment maker Bharat Heavy Electricals Ltd said on Wednesday standalone net profit for the first quarter nearly doubled, but missed analysts estimates.
Standalone net profit stood at Rs 1.56 billion in the quarter ended June 30, compared with a profit of Rs 808.2 million a year earlier.
Analysts on average had expected a standalone net profit of Rs 1.73 billion, according to estimates by Thomson Reuters I/B/E/S.
Total revenue from operations rose 2.2 percent to Rs 59.35 billion.

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