Bharat Heavy Electricals Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 52,734.9 million compared to INR 49,394.9 million a year ago. Revenue was INR 55,996.3 million compared to INR 53,539.4 million a year ago. Net loss was INR 1,487.7 million compared to net income of INR 422.8 million a year ago. Basic loss per share from continuing operations was INR 0.43 compared to basic earnings per share from continuing operations of INR 0.12 a year ago.
For the nine months, sales was INR 150,366.4 million compared to INR 143,169.3 million a year ago. Revenue was INR 160,222.1 million compared to INR 155,149.6 million a year ago. Net loss was INR 7,307.8 million compared to INR 1,336.1 million a year ago. Basic loss per share from continuing operations was INR 2.1 compared to INR 0.38 a year ago.