BHEL loses big time
By
Research Desk
about 11 years ago
BHEL is a big loser today, down currently almost 11% at Rs.133.30 and this is after having hit a new 52-week low at Rs.133.20. Volumes remain muted.
The PSU is a big loser as there is big disappointment over its Q1FY14 performance. Net sales dropped 24% (YoY) at Rs.6325 crore and net profits dipped down further, down 49% at Rs.465 crore. There are has been a complete fall all around – drop in power business revenue and EBIT and ditto for industry business. Its EBITDA was down by a shocking 75% and EBITDA margin was at 4.5% v/s 13.4%. The company’s extremely poor performance is being rightly punished by the market.