Annual Report 2016-2017 of Bharat Heavy Electricals Limited

It is a broadly described annual report of Bharat Heavy Electricals Limited in the year of 2016-2017. During the financial year, Total assets of the Company stood at Rs. 61230.20 Crore. During the year, the company regained growth and profitability by recording a turnover of Rs. 28,840 Crore, a growth of 10.7% over 2015-16. The Company posted the Profit/(Loss) before Tax for the year Rs. 628 Crore. During the year under review, Profit/(Loss) after tax of the Company is placed at Rs. 495.86 Crore as against Rs. (709.60) Crore during 2015-16. Net asset value (NAV) per share has been placed at Rs. 131.94 in 2016-17 as against Rs. 131.48 in 2015-16. Earnings per share (EPS) of the Company for the year (Basic & Diluted) Rs. 2.03.

The Board of Directors of the Company has recommended a final dividend for 2016-17 @39% (Rs. 0.78 per share) amounting to Rs. 190.91 Crore on paid-up share capital of Rs. 489.52 Crore and corporate dividend tax of Rs. 38.87 Crore, out of profit for the year 2016-17.

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