BHEL Q4 Results: Profit declines by 25.6% to Rs 489.62 crore, dividend announced

financialexpress.com:

State-owned Bharat Heavy Electricals Ltd (BHEL) on Tuesday posted its fiscal fourth quarter profit at Rs 489.62 crore, down 25.6 per cent on-year in comparison to Rs 658.02 crore during the corresponding quarter of FY23. It recorded revenue from operations at Rs 8260.25 crore, marginally above the Rs 8226.99 crore recorded during the fourth quarter of the previous fiscal year. The company EBITDA stood at Rs 727.9 crore, down 30.6 per cent on-year. 

The EBITDA margin stood at 8.8 per cent in the quarter in review against 12.8 per cent in the year-ago period. 

The company board also recommended a final dividend at 12.5 per cent (Rs 0.25 per share of Rs 2 each) on the paid up share capital of the company for FY 2023-24. “Final Dividend, if declared by the Company in the Annual General Meeting shall be paid/ dispatched within 30 days from the date of Ammal General Meeting,” the company said in a regulatory filing.