BENGALURU, Nov 11 (Reuters) – India’s Bharat Heavy Electricals Ltd (BHEL) (BHEL.NS) reported a quarterly revenue on Friday, in contrast with a loss final yr, as a robust efficiency in its industrial phase helped outweigh weak spot in its energy division.

The state-owned firm mentioned its standalone web revenue rose to 102.9 million rupees ($1.27 million) within the three months ended Sept. 30, from a web lack of 674.9 million rupees a yr in the past. Analysts, on common, had anticipated a web lack of 84.33 million rupees, based on Refinitiv IBES information.

Profit earlier than tax at BHEL’s industrial phase almost doubled to 514.3 million rupees, in contrast with a yr in the past.

BHEL — which caters to captive energy crops, rail transportation, and defence merchandise, amongst others — has been among the many high beneficiaries of the nation’s surging energy demand, which reportedly grew 11.65% to 786.5 billion items throughout April to September.

The firm’s outcomes additionally come after Coal India (COAL.NS), the nation’s main energy generator, on Monday reported that its quarterly revenue greater than doubled resulting from excessive home demand.

BHEL’s enter prices remained almost flat at 12.79 billion rupees, whereas whole income from operations rose 1.8%.

($1 = 80.7500 Indian rupees)

Reporting by Biplob Kumar Das in Bengaluru; enhancing by Uttaresh.V

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