BHEL second-quarter profit soars\, but lags forecast

BHEL second-quarter profit soars, but lags forecast

Reuters 

(Reuters) - State-run Heavy Electricals Ltd posted on Thursday a 60 percent surge in second-quarter profit, but missed analysts' estimates.

Net profit came in at 1.85 billion rupees ($25.25 million) in the quarter ended Sept. 30, compared with 1.15 billion rupees a year earlier, BHEL said.

Analysts on average had expected the company to post a profit of 2.36 billion rupees, according to Refinitiv estimates.

Total revenue from operations rose 6.3 percent to 67.80 billion rupees.

($1 = 73.2650 rupees)

(Reporting by Tanvi Mehta in Bengaluru, Editing by Sherry Jacob-Phillips)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, October 25 2018. 11:59 IST