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    BHEL second-quarter profit soars, but lags forecast

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    BHEL second-quarter profit soars, but lags forecast

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    Net profit came in at Rs 185 crore ($25.25 million) in the quarter ended Sept. 30, compared with Rs 115 crore a year earlier, BHEL said.

    State-run power plant equipment manufacturer Bharat Heavy Electricals Ltd posted on Thursday a 60 percent surge in second-quarter profit, but missed analysts' estimates.
    Net profit came in at Rs 185 crore ($25.25 million) in the quarter ended Sept. 30, compared with Rs 115 crore a year earlier, BHEL said.
    Analysts on average had expected the company to post a profit of Rs 236 crore billion rupees, according to Refinitiv estimates.
    Total revenue from operations rose 6.3 percent to Rs 6,780 crore.
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