India's Bharat Bijlee falls on Q1 profit drop

** Shares of Bharat Bijlee NSE:BBL fall 4.1% to 3,138 rupees, marking their steepest intraday percentage loss since May 19

** Heavy electrical equipment manufacturer posts a 44.6 Q/Q decline in June-qtr profit to 278.8 mln rupees ($3.2 mln)

** Revenue from operations falls 25% Q/Q

** Stock down 15% YTD

($1 = 86.4350 Indian rupees)