BHEL dips ahead of Q4 earnings today
BHEL is likely to post 24% yoy decline in its net profit at Rs 2,575 crore for Q4FY13, says analyst at Angel Broking Research.
Bharat Heavy Electricals Limited (BHEL) is trading lower by 3.4% to Rs 197 ahead of its Q4 (January-March) results today.
The stock opened at Rs 202 and hit a low of Rs 196 on NSE. A combined 1.53 million shares have changed hands on the counter till 1034 hours on NSE and BSE.
On Wednesday, Larsen and Toubro (L&T), India's biggest engineering and construction firm, has recorded worse-than-expected 6.9% year-on-year (yoy) fall in quarterly profit at Rs 1,788 crore for the quarter ended March 31, 2013 (Q4) due to higher interest costs.
BHEL is likely to post 24% yoy decline in its net profit at Rs 2,575 crore and a 4% yoy decline in operational income to Rs 18,805 crore for 4QFY2013 as industrial slowdown continues to delay execution, says analyst at Angel Broking Research.
On the EBITDA or operating profit front, the company's margin is expected to fall by 480bp yoy to 20.4%.
The stock opened at Rs 202 and hit a low of Rs 196 on NSE. A combined 1.53 million shares have changed hands on the counter till 1034 hours on NSE and BSE.
On Wednesday, Larsen and Toubro (L&T), India's biggest engineering and construction firm, has recorded worse-than-expected 6.9% year-on-year (yoy) fall in quarterly profit at Rs 1,788 crore for the quarter ended March 31, 2013 (Q4) due to higher interest costs.
BHEL is likely to post 24% yoy decline in its net profit at Rs 2,575 crore and a 4% yoy decline in operational income to Rs 18,805 crore for 4QFY2013 as industrial slowdown continues to delay execution, says analyst at Angel Broking Research.
On the EBITDA or operating profit front, the company's margin is expected to fall by 480bp yoy to 20.4%.