BHEL net up 38% to Rs 360 crore

BS 200 Scorecard

Power and transport infrastructure company Bharat Heavy Electricals (BHEL) posted 38 per cent rise in net profit to Rs 360 crore for the quarter ended September 30. For the second quarter, its income rose 31 per cent to Rs 3,665 crore.

However, the performance was below "our expectations", analysts said.

"The first two quarters typically account for 35-40 per cent of the income. You will see momentum picking up in the next two quarters," a BHEL spokesperson explained.

The "outstanding" order book position of the state-owned company, at Rs 45,700 crore, at the close of the quarter also points to robust growth potential in its future earnings.

The power infrastructure segment accounted for about two-thirds of BHEL's overall revenues, while transport solutions contributed the rest.