BHEL likely to report net profit of Rs 115 crore for December quarter

NEW DELHI: State-run Bharat Heavy Electricals ( BHEL), which is expected to report its results for the quarter ended December 30 later on Tuesday, may post a net profit of Rs 115 crore, compared to a net loss of Rs 1,102 crore reported in the year-ago period, according to a poll by ET Now.

Total net sales are expected to grow by 23 per cent on a year-on-year (YoY) basis to Rs 6,531 crore for the quarter ended December 31, compared to Rs 5,325 crore reported in the year-ago period.

At 12:20 pm; BHEL was trading 3.6 per cent higher at Rs 149.20.

The consolidated EBITDA ( earnings before interest, tax, depreciation, and amortisation) is likely to post a net profit of Rs 89 crore for the quarter under review, compared to an EBITDA loss of Rs 1,638 crore reported in a corresponding quarter of last fiscal, said the Poll.

Analysts polled by ET Now said that EBITDA margin on gross revenue to expand to 1.3 per cent for the December quarter due to steady revenue growth as well as fall in raw material cost, compared to (-30.7 per cent) reported in the year-ago period.