State-owned capital goods company Bhel announced a 21% jump in net profit at Rs 3,380 crore for the quarter ended March 2012. The company posted a net profit of Rs 2,798 crore for the same period a year ago.
Net sales were up 7.5% at Rs 19,259 crore as against Rs 17,915 crore in March 2011. Other income also rose 8.4% to Rs 399 crore from Rs 368 crore in March 2011.
For the financial year ended March 2012, the PSU's net profit increased 17% to Rs 7,087 crore from Rs 6,053 crore in the previous financial year. The total income also surged 14% to Rs Rs 49,627 crore as compared to Rs 43,565 crore in FY11. The board of directors have announced a dividend of Rs 3.68 per share.
Bhel's scrip on BSE was trading 1.6% lower at Rs 212.
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