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Q4 margins low due to wage increase provisions: BHEL

Published on Thu, Apr 03, 2008 at 15:46 , Updated at Wed, Apr 09, 2008 at 11:47
Source : CNBC-TV18

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BHEL has announced its FY08 results (provisional). The company's FY08 provisional net profit stood at Rs 2,800 crore (Rs 28 billion) versus Rs 2,415 crore (Rs 24.15 billion), reports CNBC-TV18 quoting NW18.

Its sales were up at Rs 21,608 crore versus Rs 18,739 crore

Its EPS at Rs 57.50 versus Rs 49.30.

K Ravi Kumar, Chairman of BHEL said the Q4 margins were low due to provisioning of wage increases. But he doesn't think additional wage provisioning will be required going ahead. The company expects order inflows of over Rs 40,000 crore in FY09.

For complete press conference, watch video....

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