Reliance Industries' 47th AGM: Major Announcements and Insights
BHEL Q4 2024 Results: Net Profit Falls 25% to ₹484 crore, Declares Dividend News
![BHEL Q4 2024 Results BHEL Q4 2024 Results](https://storage.googleapis.com/5paisa-prod-storage/files/2024-05/bhel-q4-2024-results.jpeg)
![Tanushree Jaiswal Tanushree Jaiswal](https://storage.googleapis.com/5paisa-prod-storage/files/2023-03/Tanushree.jpg)
Last Updated: 21st May 2024 - 06:00 pm
Synopsis
Bharat Heavy Electricals Limited (BHEL) reported 25% decline in net profit at ₹484 crore for the quarter ended March 31, 2024. The firm declared final dividend of 25 paise for equity share of ₹2 face value for FY24.
Quarter Result Performance
Bharat Heavy Electricals reported a net profit of ₹658 crore in the latest quarter, according to a regulatory filing. The company's revenue from operations grew slightly by 0.4% to ₹8,260.3 crore, compared to ₹8,227 crore in the same period last year.
The company's operating earnings, as measured by EBITDA, decreased by 30.6% in the fourth quarter of the fiscal year, dropping from ₹1,049 crore in the same period last year to ₹727.9 crore. This decline in earnings resulted in a lower EBITDA margin of 8.8% in the current quarter compared to 12.8% in the previous year. EBITDA represents earnings before interest, taxes, depreciation, and amortization.
"The board has recommended Final Dividend at 12.50% (₹0.25 per share of ₹2 each) on the paid up share capital of the Company for FY 2023-24. Final Dividend, if declared by the Company in the Annual General Meeting shall be paid/ dispatched within 30 days from the date of Ammal General Meeting," BHEL it said in a BSE filing.
Bharat Heavy Electricals Ltd (BHEL) shares closed at ₹319.20 on the BSE, marking a 2.95% or ₹9.15 increase. This gain occurred after the market closed for the day.
About BHEL
BHEL is India’s largest engineering and manufacturing enterprise in the energy and infrastructure sectors. BHEL provides a comprehensive portfolio of products, systems and services to its customers in the areas of power-thermal, hydro, gas, nuclear & solar PV, transmission, transportation, defence & aerospace, oil & gas, and water.
BHEL plays a crucial role in the strategic sectors of the nation, being the sole Indian supplier for many technology intensive products and systems. BHEL is the only manufacturer of nuclear steam turbines in the country; the only company associated with all three stages of India’s Nuclear Power programme; a major supplier of critical equipment and services in defence & aerospace sector for over three decades; and a trusted supplier of naval guns to Indian navy for their warships.
Trending on 5paisa
Discover more of what matters to you.
Corporate Actions Related Articles
Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. For detailed disclaimer please Click here.