BHEL Q2 earnings:

bhel

Bharat Heavy Electricals (BHEL) share price slipped more than 6 percent on November 10 despite company narrowed its losses in the quarter ended September 2021.

The company in the second quarter ended September 2021 has reported consolidated net loss at Rs 46.58 crore against loss of Rs 552.38 crore in the same quarter last fiscal.

However, the company has posted net loss of Rs 448.20 crore in the quarter ended June 2021.

The revenue for the September quarter was up 38.3% at Rs 5,112.9 crore against Rs 3,695.96 crore.

Earnings before interest, tax, depreciation and amortizations (EBITDA) loss was at Rs 30 crore versus EBITDA loss of Rs 633.3 crore, YoY.

News Source: Moneycontrol

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