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India's BHEL fourth-quarter profit falls 57 percent, misses estimates
May 29, 2017 / 1:35 PM / in 5 months

India's BHEL fourth-quarter profit falls 57 percent, misses estimates

(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.

Men walk past electric pylons in Little Rann of Kutch in Gujarat March 2, 2014. REUTERS/Ahmad Masood/Files

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

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