BHEL's consolidated net loss widens to Rs 343 Crore in June quarter due to higher expenses

Bharat Heavy Electricals Ltd (BHEL), the state-run engineering firm, witnessed a significant widening of its consolidated net loss to Rs 343.89 crore in the April-June quarter compared to the same period last year, primarily due to increased expenses. As per the BSE filing, the company had reported a consolidated net loss of Rs 187.99 crore in the quarter ending on June 30, 2022.

During the quarter, BHEL's total expenses rose to Rs 5,595.47 crore, marking a notable increase from Rs 5,006.50 crore in the corresponding period a year ago. However, the total income of the company also saw growth, reaching Rs 5,117.20 crore compared to Rs 4,742.28 crore in the same period the previous year.

With input from PTI