Bharat Heavy Electricals Limited (BHEL), a state-owned power plant equipment manufacturer, posted an 8% drop in net profit for the quarter ended March 2013. It was Rs 6,485 crore as against Rs 7,040 crore in the year-ago period.
However, BHEL's turnover increased to Rs 50,015 crore during 2012-13 from Rs 49,510 crore in the previous fiscal.
The company's order book was at Rs 1.15 lakh crore in FY13 and it got orders of 9,627 MW during the same period.
The company's order inflow rose to Rs 31,528 crore in the year ended March 31, 2013 from Rs 22,096 crore in the previous fiscal, translating into a jump of 42%. BHEL added over 1,900 new suppliers from March 2012-13.
At 1250 hours, the company's stocks were trading 2.7% higher at Rs 182.60 apiece on BSE.