BHEL’s loss narrows to Rs 1,036 crore in This autumn on larger revenues


State-owned engineering agency BHEL’s consolidated web loss narrowed to Rs 1,036.32 crore within the March 2021 quarter, primarily on the again of upper revenues.

The corporate’s consolidated web loss had stood at Rs 1,532.18 crore within the quarter ended on March 31, 2020, based on a BSE submitting.

Whole earnings throughout January-March 2021 rose to Rs 7,245.16 crore, from Rs 5,166.64 crore within the year-ago interval.

Within the full monetary yr 2020-21, the corporate’s consolidated web loss widened to Rs 2,699.70 crore as in contrast with Rs 1,468.35 crore in 2019-20.

Its complete earnings throughout 2020-21 dropped to Rs 17,657.11 crore, from Rs 22,027.44 crore in 2019-20.

The nationwide lockdown, consequent to the unfold of the Covid-19 pandemic globally, brought about disturbance and slowdown within the financial actions. It impacted the group operations throughout 2020-21, which recouped progressively, the corporate defined.

Primarily based on inner and exterior info as much as the date of approval of those monetary statements, the corporate expects to recuperate the carrying quantity of its belongings, investments, commerce receivables, contract belongings and inventories, it added.

(Solely the headline and movie of this report might have been reworked by the Enterprise Commonplace workers; the remainder of the content material is auto-generated from a syndicated feed.)

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