BHEL Dividend Update for FY 23-24

BHEL set to announce its Financial results for Q4 FY 23-24 on 21st May 2024. Now company has announced through notification to BSE regarding latest update on board meeting.  The latest news will give smiles to investors as they are considering Dividend in the board meeting as well.

This means that company is also reporting profit for whole financial year and company will report profit more than cumulative losses of previous quarters of 

1. Rs. -344 crores in Q1 FY 23-24,

2. Rs. -238 Crores in Q2 FY 23-24

3. Rs. -149 Crores in Q3 FY 23-24

This indicates that BHEL is now on strong footing and reporting profits from last 2 financial years. This year profit means that company is going to report profit for consecutive 3 financial years. 

1. In FY 2019-20 company reported loss of Rs. -1468 crores

2. In FY 2020-21 company reported loss of Rs. -2700 crores

3. In FY 2021-22 company started reporting profit and clocked profit of Rs. 445 Crores

4. In FY 2022-23 Company reported profit of Rs. 477 crores

This is turnaround story of Indian Giant which once was part of Nifty 50.