BHEL’s FY11 profit came at Rs 6053 crore versus provisional of Rs 6,021 crore.
The company clocked consolidated turnover of Rs 43,691 crore versus provisional of Rs 43,451 crore.
BHEL registered net profit of Rs 2,798 crore versus provisional of Rs 2,807.8 crore in fourth quarter.
Net sales stood at Rs 18623 crore versus provisional of Rs 18694.5 crore.
The change in accounting policy led to revenue gain of Rs 2772.8 crore in FY11.
The board has approved stock split in the ratio of 5:1 and 5% divestment of government stake.
The company is to reserve 10% of FPO for employees.
Source: www.moneycontrol.com.
Thanks & Regards,
Priyanka Kothari,
Client Service Associate.
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