Bhel net up 44%

New Delhi, May 26 | Updated: May 27 2007, 05:32am hrs
Bharat Heavy Electricals Ltd (Bhel) reported a 44% jump in its annual net profit to Rs 2,414.7 crore, while its turnover surged nearly 30% to Rs 17,999 crore in the year ended March 31.

The company has also declared a final dividend of 60% for the year, payable after a bonus issue in the 1:1 ratio. BHELs fourth quarter net profit rose 32.5% to Rs 1,150.37 crore in the period ended March 31, from Rs 867.95 crore in the year-ago period. Its total income increased 25% in the quarter to Rs 7,205.7 crore from Rs 5,732.21 crore.