BHEL to release audited results for Q4FY12

By Priyanka Dalmia, Research Analyst at CNBC-TV18

State-owned capital goods company BHEL already announced its provisional numbers for the fourth quarter of FY12 and financial year in April. The company will declare its audited results today.
Provisional results were almost in line with estimates as a lower tax rate partly helped bottomline of the company. While raw material costs as a percentage of sales might not have declined given weak Indian rupee, fixed costs and employee overheads in Q4 might have been lower.
However, slowing order inflows and heightened competition remained key concerns for BHEL.
Company's market share in the BTG space stood at around 65% in 2007, which has now come down to around 40%. It saw margin erosion due to inflationary pressure and heightened competition.
As per provisional data released by the company in April, profit after tax jumped 14% year-on-year to Rs 6,868 crore for the financial year 2011-12 and profit before tax increased 11% to Rs 10,001 crore during the year.
Turnover went up 14% to Rs 49,301 crore from Rs 43,337 crore during the same period. Earnings per share stood at Rs 28 as against Rs 24.6.
For the January-March quarter of 2012, turnover of the company spiked 13% year-on-year to Rs 20,741 crore.
Profit before tax increased 11% to Rs 4,762 crore and profit after tax went up 15% to Rs 3,208 crore during the same period.
Gross order inflows for FY12 went down 63% YoY to Rs 22,096 crore and order book for FY12 declined 18% to Rs 1,35 lakh crore.