BHEL outperforms on Dalal Street after electrifying Q1FY17

Bharat Heavy Electricals (BHEL) has declared its Q1FY17 results on Wednesday. The company’s revenue has increased by 29.04 per cent to Rs 5523 crore in Q1FY17 as compared to same period in previous financial year. It has reported EBITDA of Rs 71 crore in Q1FY17 against EBITDA loss of Rs 183 crore in Q1FY16. BHEL’s EBITDA margin stands at 1.29 per cent in Q1FY17. The company’s net profit has boosted by 73.14 per cent to Rs 56.45 crore in Q1FY17 as compared to same period in previous fiscal. Its net profit margin has expanded by 25 basis points to 1 per cent in Q1FY17 on a yearly basis.

On the segmental revenue front, BHEL has earned 75.78 per cent from power and remaining 24.22 per cent from industry during Q1FY17.

The share price of BHEL has increased by 16.48 per cent on bourses after declaration of results and is trading at Rs 157.05 on an intraday basis.

BHEL is an integrated power plant equipment manufacturer, engaged in design, engineering, manufacture, construction, testing and commissioning. The company has presence in servicing of a range of products and services for the sectors, such as power, transmission, industry, transportation, renewable energy, oil and gas, and defence.