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BHEL FY’12 net profit up 14%

BHEL reported provisional net profit at Rs 6,868 cr for the financial year 2011-12.

State-owned equipment maker BHEL today reported provisional net profit at Rs 6,868 crore for the financial year 2011-12,14.25 per cent rise from the previous fiscal.

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In 2010-11,the company had reported net profit of Rs 6,011 crore,the company said in a regulatory filing.

The turnover of the company jumped 13.76 per cent to Rs 49,301 crore for 2011-12. It was Rs 43,337 crore in 2010-11.

During 2011-12,the order inflow of the company stood at Rs 22,096 crore,significantly down (63.48 per cent) from the year-ago period when it stood at Rs 60,507 crore.

Shares of the company surged 3.45 per cent to a high of Rs 269.30. It was later trading at Rs 266.85,up 2.52 per cent on the BSE at 1300 hours.

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