BHEL shares rally over 4% after Q3 profit zooms 124% YoY Rs 135 crore
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Bharat Heavy Electricals Ltd (BHEL) shares rallied 4.5% to an intraday high of Rs 196.10 on BSE today, Jan 29, 2025 after the state-owned company reported a 123.5% year-on-year (YoY) jump in net profit to Rs 134.7 crore for the quarter ended December 31, 2024, driven by higher revenues. In the same quarter last year, BHEL posted a net profit of Rs 60.3 crore. Revenue from operations surged 32.2% YoY to Rs 7,277.1 crore, compared to Rs 5,503.8 crore in the year-ago period. Also Read: Stocks in news: Bajaj Finance, Maruti, Tata Motors, SBI Card, Suzlon Energy At the operating level, EBITDA rose 40.6% YoY to Rs 304.3 crore, up from Rs 216.5 crore in Q3 FY24. The EBITDA margin stood at 4.2%, compared to 3.9% in the corresponding quarter of the previous fiscal. "The financials for the nine months ended December 31, 2023, have been restated in line with the change in accounting policy by the company in FY 2023-24, with respect to factorin...