BHEL slips 18% on lower-than-expected March quarter results

In Q4FY21, EBITDA level loss came in at Rs 1,264.3 crore as against EBITDA loss of Rs 561.7 crore in Q4FY20

Shares of Bharat Heavy Electricals Limited (BHEL) slipped 18 per cent to Rs 62.55 on the BSE in intra-day trade on Monday after the company reported a lower-than-expected set of numbers for the quarter ended March 2021 (Q4FY21).

In Q4FY21, BHEL reported a net loss of Rs 1,036 crore as against a loss of Rs 1,532 crore in the year-ago quarter. Revenues grew 42 per cent year-on-year (YoY) at Rs 7,171 crore on a low base, with some impact of execution headwinds and pandemic. EBITDA (earnings before interest, taxes, depreciation, and amortisation) level loss came in at Rs 1,264.3 crore