HomeEarnings NewsBharat Heavy Electricals fourth-quarter profit more than doubles, but misses expectations

Bharat Heavy Electricals fourth-quarter profit more than doubles, but misses expectations

State-run power plant equipment maker Bharat Heavy Electricals Ltd's fourth-quarter net profit more than doubled from a year earlier, but missed analysts' expectations.

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By Reuters May 29, 2018, 1:17:31 PM IST (Updated)

State-run power plant equipment maker Bharat Heavy Electricals Ltd's fourth-quarter net profit more than doubled from a year earlier, but missed analysts' expectations.


Net profit rose to 4.57 billion rupees ($67.35 million) in the quarter ended March 31, from 2.16 billion rupees a year earlier, the company said on Tuesday.

Analysts on average had expected a profit of 5.19 billion rupees, according to Thomson Reuters data.

The company incurred tax expenses of around 6.82 billion rupees for the quarter.

Total revenue from operations fell 1% to 101.44 billion rupees.

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