Bharat Heavy Electricals Ltd (BHEL) posted a sharp turnaround in its September-quarter results, with net profit more than doubling to Rs 821 crore from Rs 375 crore a year ago, aided by strong revenue growth and a marked improvement in operating margins.
The numbers
Revenue rose 23.8% year-on-year to Rs 9,300 crore from Rs 7,512 crore, while EBITDA jumped 76.7% to Rs 1,026 crore from Rs 581 crore. The EBITDA margin expanded to 11% from 7.7% in the year-ago quarter, reflecting better execution and cost control in the state-run engineering major's order book.
Broader market context
The results came on a day benchmark indices ended lower: the Sensex slipped 251.89 points, or 0.34%, to close at 72,781.89, while the Nifty 50 settled 99.25 points, or 0.44%, lower at 22,622.70, weighed down by selling in pharma and financial stocks. The Bank Nifty closed at 55,316.00, down 165.05 points. Investors now turn to the next earnings lineup, with Angel One, Nestle India, Tech Mahindra, HDFC Life and HDFC AMC among the companies due to report.
Sources:
- NDTV Profit: Stock Market Today — All You Need To Know Going Into Trade On Oct. 15
The numbers
Revenue rose 23.8% year-on-year to Rs 9,300 crore from Rs 7,512 crore, while EBITDA jumped 76.7% to Rs 1,026 crore from Rs 581 crore. The EBITDA margin expanded to 11% from 7.7% in the year-ago quarter, reflecting better execution and cost control in the state-run engineering major's order book.
Broader market context
The results came on a day benchmark indices ended lower: the Sensex slipped 251.89 points, or 0.34%, to close at 72,781.89, while the Nifty 50 settled 99.25 points, or 0.44%, lower at 22,622.70, weighed down by selling in pharma and financial stocks. The Bank Nifty closed at 55,316.00, down 165.05 points. Investors now turn to the next earnings lineup, with Angel One, Nestle India, Tech Mahindra, HDFC Life and HDFC AMC among the companies due to report.
Sources:
- NDTV Profit: Stock Market Today — All You Need To Know Going Into Trade On Oct. 15
