State-owned Bharat Heavy Electricals Ltd (BHEL) on Tuesday (January 28) reported a 123.5% jump in net profit to ₹134.7 crore for the third quarter ended December 31, 2024, mainly on account of higher revenue. In the year-ago quarter, BHEL had reported a net profit of ₹60.3 crore.
The company’s revenue from operations grew 32.2% to ₹7,277.1 crore as against ₹5,503.8 crore in the same quarter last year.
At the operating level, EBITDA grew 40.6% to ₹304.3 crore in the third quarter as against ₹216.5 crore in the same quarter in FY24.
EBITDA margin stood at 4.2% in the reporting quarter as against 3.9% in the same period of the previous fiscal. EBITDA is earnings before interest, tax, depreciation and amortisation.
The results came after market close. Shares of Bharat Heavy Electricals Ltd closed at ₹187.60, down ₹6.75 or 3.47% on the BSE.
