BHEL returns to profitability in Q4 and pays a dividend of Rs 912-crore
Total revenue increased to Rs 8,181.72 crore in January-March 2022, up from Rs 7,245.16 crore the previous year.
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BHEL, the state-owned engineering corporation, reported a consolidated net profit of Rs 912.47 crore in the March quarter, boosted by greater revenue.
According to a regulatory filing, the company posted a consolidated net loss of Rs 1,036.32 crore in the previous quarter.
Total revenue increased to Rs 8,181.72 crore in January-March 2022, up from Rs 7,245.16 crore the previous year.
The company's board of directors has also recommended a final dividend of Rs 0.40 per share on the company's paid up share capital for the financial year 2021-22, according to the filing.
"The global spread of the COVID-19 epidemic disrupted and slowed economic activity. It had an impact on the company's operations in FY 2021-22, but it gradually recovered "According to Bharat Heavy Electricals Limited (BHEL),
