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Jul 26, 2012, 03.14 PM IST
State-owned power equipment manufacturer BHEL reported strong numbers in case of net profit and sales, but disappointed on margin front in the quarter ended June 2012.
State-owned power equipment manufacturer Bharat Heavy Electrical or BHEL reported a higher than expected 12.87% year-on-year jump in its net profit to Rs 921 crore. Sales also rose 14.51% to Rs 8,326.2,YoY.
Analysts on an average had expected net profit of Rs 850 crore and revenues of Rs 7,783 crore for the quarter.
Earnings before interest, tax, depreciation and amortisation declined by 220 basis points YoY to 13.1% in the first quarter of FY13 while analysts had a forecast of 14.8%. EBITDA margins stood at 14.4% against 15.6%.Other income was at Rs 366 crore, up 6.3%,YoY.
Order book during the quarter declined marginally to Rs 1.33 lakh crore as against Rs 1.35 lakh crore, quarter-on-quarter due to a tight economic environment
At 12:19 hours IST, the share bounced back from day's low, which rose 0.79% to Rs 217.85.
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