State-run power equipment major BHEL today reported an over 22% jump in net profit to Rs 816 crore for the three months ended June, helped by higher sales and better cost management efforts.
Bharat Heavy Electricals Ltd (BHEL) raked in a profit of Rs 668 crore in the first quarter a year ago.
The company's sales in the first quarter of the current fiscal climbed to Rs 7,433 crore from Rs 6,761 crore in the year-ago period, it said in a statement.
At the end of the first quarter, the public sector entity had an order book position of Rs 1,59,600 crore.
In the previous fiscal, BHEL had posted a profit of Rs 6,011 crore and also saw managed to reduce material costs by as much as 5.22%.
BHEL expects to augment its manufacturing capacity to 20,000 MW per annum.
src-BS & Rediff
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