BHEL profit surges 120% YoY, share hits record high
News summary
BHEL reported a 120.1% year-on-year jump in Q2 net profit to Rs 810 crore, compared to Rs 368 crore previously. Revenue rose 23.8% to Rs 9,300 crore, while EBITDA increased 76.6% and margins expanded to 11%. The stock hit a record high of Rs 463.60. The board approved a Rs 500 crore manufacturing investment.
Sources
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