In an interview to CNBC-TV18 Rabindra Nath Nayak, SBI Cap Securities reviewed Bhel’s third quarter earnings.
Below is the interview of Rabindra Nath Nayak of SBI Cap Securities with Pragya Bhardwaj and Elan Dutta on CNBC-TV18.
Q: Stable set of numbers from Bharat Heavy Electricals (BHEL), were you expecting that?
A: We were expecting much better numbers than this. The numbers are below our expectations, so I cannot say these are decent set of numbers, still lot of disappointment is there.
Q: What are the key things in the results that you are disappointed about, is it the top line and on what account are you disappointed on that front or is it the operational performance of the company this time?
A: Top line was marginal and we were expecting little bit better margin; margin is not up to the mark. We were expecting Rs 890 crore of profit after tax.
Q: What are the factors that you think have led to this kind of a 15 percent decline on the top line of the company?
A: Slow progress in spending on the power capacity.
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