BHEL Q2 net profit dips 64 percent

State-run Bharat Heavy Electricals Ltd (BHEL) Wednesday declared a 64.2 percent fall in net profits for the quarter ended September 2013 on the back of lower revenues.

“The Company has posted a net profit of Rs.4,559.50 million for the quarter ended September 30,2013 whereas the same was at Rs.12,744.50 million for the quarter ended September 30, 2012,” BHEL said in a filing to the Bombay Stock exchange.

BHEL’s total income for the quarter at Rs.94,822.50 million registered an 11.3 percent drop compared to the same at Rs.106,922.20 million for the quarter ended Sep 30, 2012.

BHEL’s order book stood at Rs.102,300 crore as on Sep 30, 2013.

The company stock closed Wednesday at Rs.140.45, down 1.30 percent over its previous close on the Bombay Stock Exchange.