Bharat Heavy Electricals Ltd (BHEL), a prominent public sector engineering company, has reported a consolidated net loss of Rs 238.12 crore for the July-September quarter of the current financial year, as per a regulatory filing.
This contrasts with the profit of Rs 12.10 crore the company had achieved in the same quarter of the previous year.
BHEL's revenue also witnessed a decline, falling by 1.5 percent to Rs 5,125.3 crore in the second quarter of the current fiscal, in comparison to the Rs 5,202.6 crore recorded in the corresponding quarter of the previous year.
(With Agency Inputs)
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