BHEL's Losses Widen Amid Rising Expenses

Bharat Heavy Electricals Ltd (BHEL) reported a wider net loss of Rs 455.50 crore in the June quarter, attributed to higher expenses. The company's expenses increased significantly from the previous year, though total income saw a marginal rise.

State-owned Bharat Heavy Electricals Ltd (BHEL) revealed on Wednesday that its consolidated net loss expanded to Rs 455.50 crore for the quarter ending in June, primarily due to increased expenses.

In comparison, the company reported a net loss of Rs 211.40 crore for the same period the previous year, according to a filing with the Bombay Stock Exchange.

While total expenses jumped to Rs 6,279.78 crore from the previous year's Rs 5,874.98 crore, the total income showed a slight rise to Rs 5,658.07 crore compared to Rs 5,581.78 crore a year ago.

(With inputs from agencies.)