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.
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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.
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