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Tuesday, 30 May 2017

India`s BHEL fourth-quarter profit falls 57 percent, misses estimates

State-run power equipment maker Bharat Heavy Electricals Ltd reported a 57 percent fall in fourth-quarter net profit on Monday, missing analysts' estimates. Net profit was 2.16 billion rupees ($33.47 million) in the quarter ended March 31, compared with 5.06 billion rupees a year earlier. Analysts on average had expected a quarterly profit of 5.82 billion rupees. Total revenue from operations fell 2.4 percent to 101.58 billion rupees.

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