BHEL regains growth & profitability, surpasses 12th Plan Capacity Addition
Bharat Heavy Electricals Limited (BHEL) has achieved double digit growth in its top line and bounced back into profit in fiscal 2016-17, ending the year with significant traction in growth drivers.
During the year, BHEL recorded a turnover of Rs.28,840 Crore, up 11% over the previous year – after reversing the trend of negative topline growth prevailing for the last three years. The company also returned to profitability with a Profit Before Tax (PBT) of Rs.628 Crore, compared to a loss of Rs.1164 Crore (IND-AS restated) in the last fiscal. Net Profit (PAT) stood at Rs.496 Crore, against a net loss of Rs.710 Crore (IND-AS restated) in the previous year.