State-owned engineering firm Bharat Heavy Electricals Ltd (BHEL) reported a consolidated net profit of Rs 106.15 crore for the September quarter, a turnaround from a net loss of Rs 63.01 crore in the same quarter last year. The profit rise is attributed to higher revenues, as per the company’s filing with the BSE.
In the June quarter, BHEL had posted a loss of Rs 211.40 crore, underscoring the recovery in the latest period. Total income for the second quarter surged to Rs 6,695.37 crore, up from Rs 5,305.38 crore in the corresponding period of the previous year. This revenue growth signals improved operational performance and a rebound from recent losses.
