BHEL tanks on drop in orderflow

BSE 23 May 12 | 12:00 AM

208.80		0.2 (0.1%)
Mkt Price (Rs)		Chg Rs (Chg %)

Code: 500103

Face Value: N.A.

NSE 23 May 12 | 12:00 AM

208.75		0.2 (0.1%)
Mkt Price (Rs)		Chg Rs (Chg %)

Code: BHEL

Performance
1 Week	:	Rs	208.75	(0.02%)
1 Month	:	Rs	235.75	(-11.43%)
1 Year	:	Rs	387.12	(-46.06%)

SI Reporter / Mumbai 30 Jan 12 | 09:24 AM

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Bharat Heavy Electrical limited (BHEL) has tanked 9% at Rs 249 after reporting a 7% year-on-year (y-o-y) drop in order inflows at Rs 146,500 crore at the end of December 2011 quarter. The state-owned heavy electrical equipment makers had a order book position of Rs 158,000 crore as on December 2010.

Meanwhile the company has posted a single digit 1.5% y-o-y growth in net profit at Rs 1,433 crore for the quarter ended December 2011, as compared with Rs 1,412 crore in a year ago quarter. Net sales grew 3% at Rs 11,078 crore on y-o-y basis during this period.

The operating profit margins (OPM) tumbled by 360 basis points (bps) to 19.4% from 23% on account of higher material cost and other expenses.

A combined 500,000 shares have changed hands on the counter in opening deals on both the exchanges.