BHEL bottom line up 22%
CORPORATE SCORECARD
| The total income of the company also jumped to Rs 3,440 crore for the quarter ended June 30 from Rs 2,776 crore during the same period last year, registering a growth of 24 per cent. According to a Mumbai-based analyst, the company's results are subdued than market expectations. "Due to additional wage provisioning and raw material cost pressure, the EBIDTA margins show a decline," said the analyst. |
| The raw material cost of the company has increased to Rs 1,901 crore in this quarter from RS 1,550 crore in same period last year. BHEL also showed an increase in other income to Rs 206 crore this quarter from Rs 120 crore in the same quarter last year. The outlook for the company is positive because of its robust order book at Rs 62,400 crore as compared to Rs 55,500 crore on March 31. The strong order book will provide the growth momentum, said the analyst. |
| The public sector entity, which employs about 42,000 people, is eyeing to touch Rs 44,000 crore by 2011-12 by enhancing its manufacturing capacity to 15,000 mw per annum with a total investment of Rs 3,200 crore. |
| The company is also planning to increase it R&D spend by at least six time by Rs 900 crore by 2012. |
| BHEL shares closed on Monday at Rs 1,644, down 0.99 per cent on the Bombay Stock Exchange. |