Total income in the March quarter stood at Rs 5,193.51 crore, down from Rs 10,489.11 crore in the same period last year.
The aim of the MoU is to cooperate and undertake joint projects and operations for defence systems.
Morgan Stanley lowered earnings by 22 percent/19 percent for FY21/22 to factor in a tougher macro.
CLSA cut its FY20 EPS estimate by 16 percent on weak first half of FY20.
The company has successfully commissioned 1x800 MW Wanakbori Unit 8 Expansion Project in Gujarat.
Global brokerage HSBC upgraded stock to buy.
Revenue from operations during the quarter increased 0.8 percent to Rs 10,297 crore compared to year-ago period, BHEL said
"Gross margin is expected to be weak; recently secured orders’ restrictive cash flows could impact working capital," Nomura said.
The project is covered under Department of Heavy Industry's FAME scheme (Faster Adoption and Manufacturing of (Hybrid) & Electric Vehicles in India).
The order by West Bengal Power Development Corporation (WBPDCL) entails setting up a 660 MW Sagardighi Thermal Power Project at Manigram village in Murshidabad district of West Bengal.
BHEL's industry segment registered a strong 31.7 percent on year increase at Rs 1,453.75 crore with EBIT showing a 3,810 percent YoY increase at Rs 69.6 crore.
Profit for the quarter stood at Rs 155.58 crore, which increased from Rs 80.82 crore in corresponding period last fiscal.
As part of the order, GE Power will supply pressure parts equipment for the Patratu project at an order value of USD 52 million and to Udangudi thermal power projects at a value of USD 20.4 million, for onshore supply.
Edelweiss is bullish on Bharat Heavy Electricals has recommended buy rating on the stock with a target price of Rs 110 in its research report dated May 29, 2018.
Power business increased marginally by 2.5 percent year-on-year to Rs 8,308 crore but its EBIT (earnings before interest and tax) dropped 19.5 percent to Rs 909.4 crore in Q4FY18.
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Net Sales are expected to increase by 7 percent Y-o-Y (up 56.4 percent Q-o-Q) to Rs. 10,364.3 crore, according to Edelweiss.
Edelweiss is bullish on Bharat Heavy Electricals has recommended buy rating on the stock with a target price of Rs 110 in its research report dated December 06 2017.