BHEL Q3 PAT seen up 2% at Rs 1427 cr

State-owned BHEL is expected to report a profit after tax of Rs 1,427 crore in the third quarter of FY12, a moderate growth of 2% as compared to Rs 1,403 crore in a year ago quarter.

Total income is seen going up by 20% to Rs 10,793 crore from Rs 9,023 crore year-on-year.

EBITDA is likely to move up 3% to Rs 2,125 crore in the quarter ended December FY12 versus Rs 2,072 crore in the corresponding quarter of last fiscal.

Operating profit margin is expected to be at 19.69% as against 22.96% during the same period.

Expectations

- Expect top line growth on the back of decent execution of large order backlog
* Order backlog at the end of Q2FY12 stood at Rs 1,61,000 crore; up 1% QoQ

- Expect margin decline due to inflationary pressure, rising competition

Key concerns