BHEL reports 24% rise in Q2 net profit

State-owned Bharat Heavy Electricals (BHEL) has announced its financial results for the quarter ended September 30, 2011.

The company reported a standalone net profit of Rs 1412.03 crore for the second quarter of the current fiscal versus Rs 1142.28 crore for the quarter ended September 30, 2010, registering a growth of 23.61%. The net sales of the company grew 24.43% from Rs 8652.64 crore for the quarter ended September 30, 2010 to Rs 10765.37 crore for the quarter ended September 30, 2011.