BHEL tanks over 8 pc after Dec quarter loss
- Country:
- India
Shares of BHEL on Monday tanked over 8 percent after the company reported a consolidated net loss of Rs 217.86 crore for the October-December quarter.
The stock tumbled 8.49 percent to Rs 39.85 at BSE and NSE.
The state-run engineering firm on Saturday reported a consolidated net loss of Rs 217.86 crore for the October-December quarter due to lower revenues.
The consolidated net profit of the firm was Rs 161.81 crore in the quarter ended on December 31, 2019, a BSE filing stated. The total income of the company dipped to Rs 4,532.39 crore in the quarter from Rs 5,827.74 crore in the same period a year ago.
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