BHEL’s recovery may be steady but slow

BHEL’s recovery may be steady but slow

After posting good results in the quarter ended March 2016, expectations were high on BHEL. But, much to the Street’s disappointment, BHEL’s March quarter (Q4) performance lagged estimates significantly— revenues were at Rs 9,833 crore (down six per cent year-on-year or y-o-y) and net profit at Rs 215 crore (down 57 per cent y-o-y). Revenue growth was stunted as the performance of the industry segment (constituted by orders from private power producers) fell by 21 per cent y-o-y to Rs 1,765 crore. Read more

Credits:business-standard.com

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