BGR Energy is expected to report a 3.1 percent decline in third quarter profit at Rs 32.5 crore on yearly basis, according to a CNBC-TV18 poll.
Total income of the engineering company may fall 0.9 percent to Rs 828 crore during October-December quarter from Rs 836 crore in same quarter last fiscal.
Operating profit is seen declining 8.4 percent year-on-year to Rs 93.3 crore and margin may fall 90 basis points to 11.3 percent during the quarter due to higher execution of EPC sales.
Analysts expect a lacklustre quarter for the company. They feel the company may surprise on revenue front due to execution pick up in the NTPC contracts.
Clarity on Iraq order and working capital needs to be monitored.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!