The net profit of state-owned Bharat Heavy Electricals has declined by 25% to Rs 484 crore for the January-March fiscal year 2023-2024, compared to Rs 645 crore in the same period previous year. To reward its shareholders, the company has decided to pay a final dividend of 25 paise per equity share of Rs 2 face value for the fiscal year 2023-2024. Subject to approval, this will be paid within 30 days from the date of the Annual General Meeting.
Even as challenges faced the company, the revenue from operations of BHEL inched up in the fourth quarter to Rs 8,260 crore from Rs 8,227 crore in the same period the previous year. Responding to this news, BHEL's share price increased by 2.7 percent on Tuesday to close at Rs 318.8 per share.
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