<p>State-run power equipment maker Bharat Heavy Electricals Ltd (BHEL) on Friday (7 August) reported a 82.48% plunge in standalone net profit at Rs 33.89 crore for the quarter ended June 30, due to lower sales.<br><br>The PSU firm had reported a net profit of Rs 193.50 crore in the corresponding quarter of the previous fiscal, BHEL said in a regulatory filing.<br><br>Net sales during the quarter were at Rs 4,280.76 crore, registering a decline of 15.5%.<br><br>The company's net sales in the year-ago period stood at Rs 5,067.59 crore.<br><br>BHEL's revenue from the power sector declined to Rs 3,357.13 crore during the quarter from Rs 4,144.16 crore in the year-ago period.<br><br>"The company has an outstanding order book position of about Rs 1,16,200 crore at the end of Quarter 1/2015-16," the company said.<br><br>BHEL had signed three agreements with Kazakh companies during Prime Minister Narendra Modi's recent visit to the country.<br><br>The first pact was signed with JSC Samruk Energy, the national power utility of Kazakhstan which has a major share in Kazakh's power sector, BHEL said in a statement last month.<br><br>Company's shares were trading at Rs 258.00 apiece on BSE in late afternoon trade, down 8.58%.<br><br>(PTI)</p>
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