State-run engineering firm Bhel on Saturday reported a consolidated net loss of Rs 217.86 crore for the October-December quarter because of lower revenues.

The consolidated net profit of the firm was Rs 161.81 crore in the quarter ended December 31, 2019, a BSE filing stated.

The total income of the company dipped to Rs 4,532.39 crore in the quarter from Rs 5,827.74 crore in the same period a year ago.

On the impact of the pandemic, the company said, “During the quarter, the group operations recovered compared with the second quarter of 2020-21, but the pre-Covid level of operations are yet to be achieved. Based on its assessment of business/economic conditions as on date, the company expects to recover the carrying value of its assets.”

JK Cement profit up 74.82%

JK Cement Ltd on Saturday reported an increase of 74.82 per cent in its consolidated net profit at Rs 217.28 crore for the third quarter ended December 2020. The company had posted a profit of Rs 124.29 crore in the October-December period a year ago, JK Cement said in a regulatory filing.

Birlasoft net at Rs 96 crore

Birlasoft, part of the $2.4-billion diversified CK Birla Group, on Saturday reported a 32.6 per cent rise in consolidated net profit at Rs 96.3 crore for the December quarter of the ongoing financial year. The IT services company had posted a profit of Rs 72.6 crore in the year-ago period, Birlasoft said in a regulatory filing.