Aarti Industries Ltd, Tata Motors-DVR, IndusInd Bank Ltd and Take Solutions Ltd are among the other losers in the BSE's 'A' group today, 15 June 2020.

Bharat Heavy Electricals Ltd lost 6.52% to Rs 29.4 at 14:53 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 66.77 lakh shares were traded on the counter so far as against the average daily volumes of 37.65 lakh shares in the past one month.

Aarti Industries Ltd tumbled 6.37% to Rs 859.75. The stock was the second biggest loser in 'A' group.On the BSE, 15.04 lakh shares were traded on the counter so far as against the average daily volumes of 42831 shares in the past one month.

Tata Motors-DVR crashed 5.48% to Rs 42.25. The stock was the third biggest loser in 'A' group.On the BSE, 2.56 lakh shares were traded on the counter so far as against the average daily volumes of 3.16 lakh shares in the past one month.

IndusInd Bank Ltd dropped 5.35% to Rs 499.8. The stock was the fourth biggest loser in 'A' group.On the BSE, 23.22 lakh shares were traded on the counter so far as against the average daily volumes of 19.16 lakh shares in the past one month.

Take Solutions Ltd fell 4.98% to Rs 57.3. The stock was the fifth biggest loser in 'A' group.On the BSE, 1959 shares were traded on the counter so far as against the average daily volumes of 26268 shares in the past one month.

Powered by Capital Market - Live News

Net sales for Q4 March 2020 tumbled 53.7% to Rs 4594.10 crore from Rs 9912 crore in the corresponding period last year. The result was announced on Saturday, 13 June 2020.

BHEL registered a pre-tax loss of Rs 708.59 crore in Q4 March 2020 compared with pre-tax profit of Rs 1278.35 crore in Q4 March 2019. The firm paid deferred tax of Rs 822.07 crore in Q4 March 2020, higher than deferred tax of Rs 14.29 crore in the corresponding period last year.

BHEL said spread of COVID-19 pandemic temporarily disrupted the operations of the company. The manufacturing facilities and site executions during 23 March 2020 to 31 March 2020 were inoperative, which along with the COVID impact globally (before the lockdown in India) impacted the revenues for the year. BHEL assessed the impact on revenue for the year at around Rs 4000 crore.

On a consolidated basis, BHEL reported a consolidated net loss of Rs 1468.35 crore in fiscal year ending 2020 (FY20) as against a net profit of Rs 1002.43 crore reported in fiscal year ending 2019 (FY19). Net sales for FY20 stood at 20,494.59 crore, declining 30.4% from Rs 29,441.58 posted in FY19.

Meanwhile, the company has declared a dividend of Rs 2 per share.

BHEL is an integrated power plant equipment manufacturer, which is engaged in the designing, engineering, manufacturing, constructing, testing, commissioning and servicing a range of products and services for various sectors, such as power, transmission, industry, transportation, renewable energy, oil and gas, and defense.

As of 31 March 2020, the Government of India holds 63.17% stake in the company.

Powered by Capital Market - Live News

Net loss of Bharat Heavy Electricals reported to Rs 1532.67 crore in the quarter ended March 2020 as against net profit of Rs 681.46 crore during the previous quarter ended March 2019. Sales declined 53.65% to Rs 4594.10 crore in the quarter ended March 2020 as against Rs 9912.08 crore during the previous quarter ended March 2019.

For the full year,net loss reported to Rs 1466.01 crore in the year ended March 2020 as against net profit of Rs 1005.10 crore during the previous year ended March 2019. Sales declined 30.39% to Rs 20494.59 crore in the year ended March 2020 as against Rs 29441.58 crore during the previous year ended March 2019.

Powered by Capital Market - Live News

Net loss of Bharat Heavy Electricals reported to Rs 1534.12 crore in the quarter ended March 2020 as against net profit of Rs 675.97 crore during the previous quarter ended March 2019. Sales declined 53.65% to Rs 4593.59 crore in the quarter ended March 2020 as against Rs 9910.23 crore during the previous quarter ended March 2019.

For the full year,net loss reported to Rs 1472.97 crore in the year ended March 2020 as against net profit of Rs 1208.65 crore during the previous year ended March 2019. Sales declined 30.36% to Rs 20490.64 crore in the year ended March 2020 as against Rs 29422.94 crore during the previous year ended March 2019.

Powered by Capital Market - Live News