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HomeMarket NewsBHEL Q1 Results: Profitability may return but ordering activity key; PSU stock at day's low
BHEL's order book is likely to cross the ₹2 lakh crore mark, according to both Axis and Nuvama, from ₹1.33 lakh crore during the same quarter last year.
Shares of state-run Bharat Heavy Electricals ltd. (BHEL) are trading with losses of close to 4% on Wednesday, August 6, ahead of its quarterly results announcement for the April-June period.
A CNBC-TV18 poll is expecting profitability to return to BHEL during the quarter. The PSU is likely to report a net profit of ₹70.48 crore, compared to a net loss of ₹211.4 crore that it reported during the same quarter last year.
BHEL's revenue is likely to increase by 22.3% on a year-on-year basis to ₹6,705 crore from ₹5,485 crore last year.
Earnings Before Interest, Tax, Depreciation and Amortisation is likely to be a positive ₹194 crore, compared to a loss of ₹169 crore in the base quarter.
Ordering activity will be the key for BHEL with Axis Capital projecting the figure to be ₹15,000 crore during the quarter, while Nuvama is pegging the figure to be ₹11,000 crore, compared to ₹9,488 crore during the same quarter last year.
BHEL's order book is likely to cross the ₹2 lakh crore mark, according to both Axis and Nuvama, from ₹1.33 lakh crore during the same quarter last year.
Shares of BHEL are at the lows of the day, currently trading 4% lower at ₹238.88. The stock has declined 7% in the last one month.
