BHEL announces dividend alongwith Q4FY24 results, check details

State-owned engineering firm Bharat Heavy Electricals (BHEL) on Tuesday announced a dividend for its fourth quarter ended on March 31, 2024, according to a stock market disclosure.

The board of the company has also announced its quarterly financial results for the March quarter alongwith dividend.

"The board has recommended a final dividend @ l2.50% (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," BHEL it said in a BSE filing.

BHEL Q4 results

The company reported an over 25 per cent decline in its consolidated net profit to Rs 489.62 crore in the March quarter, mainly due to higher expenses.

Its consolidated net profit stood at Rs 658.02 crore in the quarter ended on March 31, 2023, according to a regulatory filing.

Total income in the quarter rose marginally to Rs 8,416.84 crore in the quarter from Rs 8,338.61 crore in the year-ago period.

Meanwhile, shares of BHEL closed at Rs 319.20 apiece, up 3 per cent today, May 21 on BSE.

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BHEL Q4 earnings: Net profit falls over 25% to Rs 489.6 crore