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BHEL rises nearly 8% in trade post Q4 results
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BHEL rises nearly 8% in trade post Q4 results
May 29, 2018 4:31 AM

Bharat Heavy Electricals's stock gained nearly 8% on Tuesday after the company announced its fourth quarter results.

Share Market Live

NSE

The net profit stood at Rs 457.2 crore, lower than the CNBC-TV18 poll of Rs 600 crore, pulling the stock up to reach its day's high.

The company's profit was mostly driven by strong operational income.

The company, though missing the Street's estimates, posted a profit which was more than double of what it was last fiscal in the corresponding quarter.

The fourth-quarter revenue of the firm stood at Rs 10,144 crore as against the Rs 10,785 crore estimated by CNBC-TV18.

The EBIDTA was Rs 1231.5 crore as against the estimate of Rs 972 crore and the EBITDA margin stood at 12.1%.

The tax expenses for the fourth quarter surged to Rs 682 crore. The other expenses, however, fell further to Rs 1,906 crore, by 30%, compared to the same period last year.

First Published:May 29, 2018 1:31 PM IST

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