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Shares of engineering firm BHEL on Monday tanked over 9 per cent after the company reported a consolidated net loss of ₹1,532.18 crore for the March quarter.
The stock plunged 9.53 per cent to ₹28.45 on the BSE.
On the NSE, the stock tumbled 9.23 per cent to ₹28.50.
BHEL on Saturday reported a consolidated net loss of ₹1,532.18 crore for the March quarter, mainly due to lower revenues and deferred tax. The company had posted a consolidated net profit of ₹680.77 crore in the quarter ended March 2019, it said in a BSE filing.
Total income for the quarter under review stood at Rs 5,193.51 crore, down from ₹10,489.11 crore in the year-ago quarter.
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