Bhel gains as order inflow surges in FY 2016

Bharat Heavy Electricals rose 0.88% to Rs 115 at 13:38 IST on BSE after the company's orders inflow, on a provisional basis, surged 41.9% to Rs 43727 crore in the year ended March 2016 over the year ended March 2015.

Bharat Heavy Electricals (Bhel) announced flash results for the year ended 31 March 2016 (FY 2016) during market hours today, 7 April 2016.

Meanwhile, the S&P BSE Sensex was down 161.62 points or 0.65% at 24,739.01

On BSE, so far 14.45 lakh shares were traded in the counter as against average daily volume of 10.18 lakh shares in the past one quarter. The stock hit a high of Rs 117 and a low of Rs 112.75 so far during the day. The stock hit a 52-week high of Rs 289.85 on 21 July 2015. The stock hit a 52-week low of Rs 90.40 on 29 February 2016. The stock had outperformed the market over the past one month till 6 April 2016, rising 6.29% compared with 1.03% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, sliding 31.08% as against Sensex's 1.99% decline.

The large-cap company has equity capital of Rs 489.52 crore. Face value per share is Rs 2.

On a provisional basis, Bharat Heavy Electricals (Bhel) reported net loss of Rs 877 crore in the year ended 31 March 2016 (FY 2016) as compared with net profit of Rs 1419 crore in the year ended March 2015 (FY 2015). Turnover declined 13.71% to Rs 26702 crore in the year ended March 2016 (FY 2015) over the year ended March 2015 (FY 2015).

Bhel is the largest engineering and manufacturing enterprise in India in the energy related/infrastructure sector. The company caters to the core sectors including power, transmission, industry, transportation, renewable energy, oil & gas and defence.

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