BHEL's fourth quarter net jumps 42 per cent to Rs1,909 crore

Navratna public sector undertaking Bharat Heavy Electricals Ltd (BHEL) today reported a 42 per cent jump in its audited net profit for fiscal fourth quarter, at Rs1,909.58 crore against Rs1,347.47 crore in the corresponding period of the previous financial year.

In a filing with the Bombay Stock Exchange, the state-run power equipment maker reported total income of Rs14,152.63 crore during the January-March quarter of FY'10 against Rs11,047.24 crore in the same period of the previous financial year.

Net revenue from operations during the quarter rose 29 per cent to Rs13,559.10 crore from Rs10,540.07 crore in the corresponding quarter of the previous financial year. Other operating income amounted to Rs385.55 crore, compared with Rs309.98 crore in the same period last year.

Revenue from 'power' segment, BHEL's main business, was up 34 per cent at Rs11,154.90 crore against Rs8,607.85 crore in the similar quarter in the previous year. Revenue from 'Industry' segment was up 16 per cent at Rs3,149.06 crore against Rs2,716.14 crore in the corresponding quarter of the previous year.

Total revenue from operations rose 27 per cent to Rs14,096.33 crore from Rs11,134.48 crore in the similar quarter of the previous year.

The board of directors of BHEL, which met today, also declared a final dividend of Rs12.30 per share of Rs10 face value (123 per cent) for the 2009-10 financial year.

For the 2009-10 financial year ended 31 March, BHEL reported a 37 per cent rise in net profit at Rs4,310.64 crore, compared with Rs3,138.21 crore in the previous financial year.

The company's sales rose 22 per cent to Rs34,396.67 crore from Rs27,646.61 crore in the 2008-09 financial year.