BHEL Q3 net falls 17.5% at Rs 1,182 cr
Demand hurt due to coal and gas shortages, delay in govt approvals and scarcity of funds
Bharat Heavy Electricals Ltd, India’s top power equipment maker, missed analyst estimates with a 17.5% fall in third-quarter net profit, hit by a slowdown in new orders, sending its shares down more than 4%.
India’s power sector has been badly hit by shortages of coal and gas supplies, delays in environmental approvals for power and mining projects and drying up of funding — severely denting the demand for equipment.
Net profit at the state-run company fell to Rs 1,182 crore in the quarter ended December 31 from Rs 1,433 crore in the year-ago quarter.
Analysts, on average, had expected a net profit of Rs 1,384 crore.
BHEL’s order book stood at Rs 1.14 lakh crore, down from about Rs 1.22 lakh crore at the end of September.
At 12.33 pm, shares of BHEL were down 3.7%, while the broader market was down marginally.
Source: Business Standard
Search Our Archives
- Stocks Trading above their 50 day moving average - DMA In Stock Research
- Download free Ebooks based on Technical Analysis In Personal Training
- TOP 100 Stocks with the Highest P/E as on July 14th, 2013 In Stock Research
- TOP 100 Stocks with the Lowest P/E as on July 14th, 2013 In Stock Research
- Charting Pathsala - Your guide to Techincals In Technical Analysis
- Raman Hi, cb, I bought. Just dial fut @ 820 ...In Intraday calls for 28-08-15
- mrp Hi CB, shall we add marksan & TAKE...In Intraday calls for 28-08-15
- prabhu i bought sun pharma advance research a...In Intraday calls for 28-08-15
- trader1 if i buy icici shares for long term sa...In Intraday calls for 28-08-15
- Nirav Bhanushali Hi Cb can you please reply on the mai...In Intraday calls for 28-08-15
- CB Hi raj, it can test 1045. has good sup...In Intraday calls for 28-08-15
- Rajasekar Hi CB, Sir, GM. Pl suggest me some of ...In Intraday calls for 28-08-15
- TAPAN CB Sir, SHORT TERM JET AIR TARGET PRIC...In Intraday calls for 28-08-15
- TAPAN CB Sir, CAN POSSIBLE UP TO SEPTEMBER E...In Intraday calls for 28-08-15
- raj Cb wat target do you see for amara raj...In Intraday calls for 28-08-15
- CB Hi BTT, Good morning.. thanks.....In Intraday calls for 28-08-15