BHEL Slips on Disappointing Results

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Shares of BHEL dropped after the company posted disappointing Q2 results.

The company has posted a net profit of Rs 125 crore for the quarter ended September 30, 2014 as compared to Rs 456 crore for the quarter ended September 30, 2013.

BHEL Slips on Disappointing Results
Bharat Electronics: Quotes, News
BSE 159.15BSE Quote1.25 (0.79%)
NSE 159.75NSE Quote0.8 (0.50%)

Net sales fell to Rs 6,028 crore, down 31 per cent, from Rs 8,819 crore, last year. EBITDA was at Rs 292 crore. BHEL's operating margin for this quarter was 4.7%.

Total Income has decreased from Rs 948 crore for the quarter ended September 30, 2013 to Rs. 634 crore for the quarter ended September 30, 2014.

Shares of the company was seen tarding at Rs 246 lower by 1.88% after hitting intr-day low of Rs 236.

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