Engineering firm BHEL reports a loss of Rs 217 crore for Dec quarter

Engineering firm BHEL reports a loss of Rs 217 crore for Dec quarter


State-run firm on Saturday reported a consolidated net loss of Rs 217.86 crore for the October-December quarter due to lower revenues.


The consolidated net profit of the firm was Rs 161.81 crore in the quarter ended on December 31, 2019, a BSE filing stated.



Total income of the company dipped to Rs 4,532.39 crore in the quarter from Rs 5,827.74 crore in the same period a year ago.


About the impact of pandemic, the company said, “During the quarter, the group operations recovered as compared to Q2/20-21 (second quarter this fiscal), but pre-COVID level of operations are yet to be achieved.


“Based on its assessment of business/economic conditions as on date, the company expects to recover the carrying value of its assets.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor