BHEL Q2 net misses forecast, down 10% to Rs 1,274 cr

Written By Unknown on Senin, 29 Oktober 2012 | 14.02

State-owned power equipment maker BHEL has disappointed the street by reporting lower-than-expected topline and bottomline numbers while the only positive was its EBITDA margin in the second quarter of financial year 2012.

Net profit fell by 9.77 percent year-on-year to Rs 1,274 during the quarter while revenues grew marginally to Rs 10,399 crore from Rs 10,299 crore year-on-year.

Analysts on an average had expected net profit of Rs 1,446 crore on revenues of Rs 11,448 crore for the quarter.



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