(Reuters) - State-run power equipment maker Bharat Heavy Electricals Ltd reported a 57 percent fall in fourth-quarter net profit on Monday, missing analysts’ estimates.
Net profit was 2.16 billion rupees ($33.47 million) in the quarter ended March 31, compared with 5.06 billion rupees a year earlier. (bit.ly/2s6EpsP)
Analysts on average had expected a quarterly profit of 5.82 billion rupees, Thomson Reuters data showed.
Total revenue from operations fell 2.4 percent to 101.58 billion rupees.
($1 = 64.5350 Indian rupees)
Reporting by Krishna V Kurup and Aby Jose Koilparambil in Bengaluru; Editing by Vyas Mohan