New Delhi: Public sector engineering major Bharat Heavy Electricals Ltd (BHEL) on Saturday posted a net loss of ₹1,534 crore in the quarter ended March compared to a net profit of ₹676 crore in Q4FY19.Total income fell to ₹5,198 crore in Q4FY20 from ₹10,492 crore in Q4FY19.
Total expenses too came down to ₹5,906 crore from ₹9,217 crore in the same period.The March quarter is an execution-heavy quarter for capital goods companies whose deliveries were hit by the Covid-19 nationwide lockdown in the last week of March.BHEL said the manufacturing facilities and site executions were inoperative from March 23 to 31 which along with the Covid-19 impact globally (before the lockdown in India) impacted the revenues."Broadly, the impact on revenue.