BHEL is expected to post weak June quarter as revenue may remain subdued due to weak execution. According to a CNBC-TV18 poll, the company is likely to net loss at Rs 15 crore in April-June quarter from a profit of Rs 33 crore in corresponding quarter last fiscal. Its Q1 revenue is seen flat at Rs 4630 crore against Rs 4361 crore in year-ago period.
Its EBITDA loss in Q1 may narrow to Rs 205 crore versus Rs 210 crore year-on-year.
Analysts will keenly watch out its provision and write-offs as per IndAS accounting rules. Order inflows are expected to remain weak. Update on stalled and slow moving projects will also be crucial.
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!
