BHEL shares slipped on Wednesday after the PSU firm posted its earnings for the quarter ended June.

What Happened: The company reported a consolidated net loss of ₹211.40 crore, this is a 3.4% increase from the ₹204 crore loss it reported in the same quarter last year.

Revenue from operations came in at ₹5,484.92 crore, up 9% from the ₹5,003 crore posted a year ago.

The power segment’s revenue came in at ₹4,128 crore, up 4% from the ₹3,960 crore it brought in last year.

The industrial segment’s revenue was up 30% year-on-year at ₹1,356 crore. The state-owned company’s EBITDA loss for the April-June quarter stood at ₹169 crore. The EBITDA loss was around ₹179 crore in the June quarter of FY24.

See Also: Larsen & Toubro Bags ‘Significant' Order To Build Automobile Plant Near Bengaluru

Shares of the company, which were already under pressure ahead of the results, slipped further after the results came out.

Price Action: BHEL’s share price was down 1.21% to trade at ₹313.55 on Wednesday afternoon.

Read Next: Ambuja Cements’ Net Profit Declines 29% To ₹646.31 Cr