BHEL rose 8.5% to Rs.86, with an over 4 times rise in volumes. The PSU’s 52-week high is at Rs.108 and low at Rs.73.95.
The market is very happy with the company’s Q4FY18 performance – its net profit doubled (YoY) to Rs.457 crore v/s Rs.215 crore. This was on a 4% rise in sales at Rs.9833 crore.
What really helped was the 10% drop in total expenses. There was a 76% drop in interest outgo and 73% in employee expenses. The move to GST has obviously helped as last fiscal it had an excise duty outgo at Rs.469 crore and a write back of Rs.3 crore in Q4FY18.