BHEL shares tank over 6% as Q1 net loss widens to Rs 455.5 crore

New Delhi: Shares of state-owned Bharat Heavy Electricals Ltd's (BHEL) on Thursday tumbled over 6 per cent after the company said its consolidated net loss widened to Rs 455.50 crore in June quarter compared to a year ago.

The stock dropped 6.19 per cent to Rs 224.80 on the BSE.

At the NSE, it tanked 6.30 per cent to Rs 224.71.

BHEL on Wednesday said its consolidated net loss widened to Rs 455.50 crore in June quarter compared to a year ago, mainly due to higher expenses.

The company had a consolidated net loss of Rs 211.40 crore in the quarter ended on June 30, 2024, a BSE filing stated.

Total expenses rose to Rs 6,279.78 crore in the quarter from Rs 5,874.98 crore in the same period year ago.

However, the total income rose slightly to Rs 5,658.07 crore in the quarter from Rs 5,581.78 crore a year ago.