Shares of Bharat Heavy Electricals Ltd (BHEL) plunged 7% on 13 February after the company announced its quarterly earnings for October-December.

In its quarterly earnings, the company reported a net loss of Rs 149 crore for the quarter from Rs 42 crore net profit reported in the same quarter last year.

The revenue from operations during the quarter stood at Rs 5,504 crore, marking a 4.6% year-on-year increase from Rs 5,263 crore reported in the same quarter of the previous fiscal year.

On 8 February, the company received an order from Haryana Power Generation Corp. Ltd (HPHCL) to set up the 1X800 megawatt Ultra SuperCritical Expansion Unit at DCRTPP YamunaNagar.

At 3:30 pm, the shares of BHEL closed 1.89% lower at Rs 212.60 on NSE.