BHEL rises on hopes of better-than-expected Q4 earnings
The company's order inflow jumped 42% to Rs 31,528 crore in FY13 from Rs 22,096 crore in previous fiscal.
Bharat Heavy Electricals Limited (BHEL) has moved higher by 3% at Rs 183 after the state-owned company said it has reported a net profit of Rs 3,108 crore for the fourth quarter ended March 2013.
Analyst on an average estimates net profit of Rs 2,680 crore from the power equipment maker.
“The company has reported a profit after tax (PAT) of Rs 6,485 crore on back of total turnover of Rs 50,015 crore during the last financial year 2012-13 (FY13),” BHEL said in a tentative financial performance for FY13.
The company had reported net profit of Rs 3,377 crore in the nine months (April-December 2012) of FY13.
Meanwhile, the company’s order inflow jumped 42% to Rs 31,528 crore in FY13 from Rs 22,096 crore in previous fiscal, it added.
The stock opened at Rs 179 and hit a high of Rs 184 on NSE. A combined 4.78 million shares have already changed hands on the counter till 1304 hours on NSE and BSE.
Analyst on an average estimates net profit of Rs 2,680 crore from the power equipment maker.
“The company has reported a profit after tax (PAT) of Rs 6,485 crore on back of total turnover of Rs 50,015 crore during the last financial year 2012-13 (FY13),” BHEL said in a tentative financial performance for FY13.
The company had reported net profit of Rs 3,377 crore in the nine months (April-December 2012) of FY13.
Meanwhile, the company’s order inflow jumped 42% to Rs 31,528 crore in FY13 from Rs 22,096 crore in previous fiscal, it added.
The stock opened at Rs 179 and hit a high of Rs 184 on NSE. A combined 4.78 million shares have already changed hands on the counter till 1304 hours on NSE and BSE.