BHEL announces flash results

Mumbai, Apr 4: Bharat Heavy Electric Limited (BHEL) announced the flash results for the period FY11 (financial year 2011). Net Profit is up by 39.67% to Rs 6,021 crore.

This flash results also show that that order inflow increased by 2.49%, from Rs 59,037 crore in FY10 to Rs 60,507 crore in FY11. Earnings per share increased by 39% from Rs 88.06 per share in FY2010 to Rs 123 per share in FY 2011.

BHEL is India's largest engineering and manufacturing. A public sector undertaking (PSU), BHEL was established to develop indigenous Heavy Electrical Equipment industry in India. The company has been earning profits continuously since 1971-72 and paying dividends since 1976-77.

In its press release the company stated, “BHEL notched up its highest-ever turnover of Rs.43,451 crore, registering a growth of 27% over previous year."

An interim equity dividend of 132.5% was paid for fiscal 2010-11, maintaining the track record of paying dividends uninterruptedly since 1976-77.

Last month, during March 2011, BHEL won four major contracts which includes Rs 54,500 Million Mega Contract from the Bajaj Group It also won a contract to set up two 500 MW thermal units for Rs 3,220 crore mega contract in West Bengal.

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