Bharat Heavy Electricals reports profit of ₹106.15 crore and 28.5% revenue growth in Q2 2024

Bharat Heavy Electricals reported a profit of ₹106.15 crore for Q2 2024, a significant improvement from a loss of ₹238.12 crore in the same quarter last year. Revenue increased by 28.46% year-over-year. The company also saw a 20.04% rise in revenue compared to the previous quarter. Operating income surged by 194.13% quarter-over-quarter and 148.01% year-over-year, indicating enhanced operational efficiency. Despite these positive results, Bharat Heavy Electricals' stock has faced challenges, with a -7.23% return over the past week and a -17.03% decline in the last six months. Analysts maintain a cautious outlook, recommending a hold on the stock.