BGR Energy Q1 net profit seen down 16% at Rs 28.5 cr

BGR Energy Systems, which operates in utility industry, will come out with its April-June quarter earnings today. Analysts on an average expect consolidated profit after tax of the company to fall by 15.5 percent year-on-year to Rs 28.5 crore, according to a CNBC-TV18 poll.

Total income is seen going up by 12.8 percent to Rs 689 crore in first quarter from Rs 611 crore in a year ago period.

Also Read - BGR Energy Q1 net may fall 28% at Rs 24 cr: KR Choksey

Earnings before interest, tax, depreciation & amortisation (EBITDA) may rise 3.6 percent on yearly basis to Rs 91.1 crore, but operating profit margin is likely to decline 120 bps at 13.2 percent during the quarter.

The company did not announce any large orders in BTG (boiler turbine generator) / EPC (engineering, procurement & construction) in first quarter.

While the company has extremely robust order book coverage at present, the duration between orders won and awarded has stretched to almost 5 quarters.

Simultaneously, an execution of the present order book has been slow, which has constrained BGR’s working capital.