Bharat Heavy Electricals (BHEL), an integrated power plant equipment manufacturer, reported a fall of 72.75% in net profit to Rs 1.24 billion for the quarter ended Sept. 30, 2014 as compared to Rs 4.55 billion in the same period last year.
Analysts, on average, had expected BHEL to report a profit of Rs 3.80 billion, on revenue of Rs 76.48 billion.
Total income has decreased by 33.14% to Rs 63.40 billion for the quarter ended Sept. 30, 2014 from Rs 94.82 billion in the year ago period.
The company has an outsanding order book position of about Rs 1037 billion as at the end of quarter 2/2014-15.
Shares of the company declined Rs 3.7, or 1.5%, to trade at Rs 243.20. The total volume of shares traded was 704,542 at the BSE (1.03 p.m., Friday).