Its standalone core operating profit of Rs. 363.81 crore, declined by 78.37% yoy. However, the company had reported standalone core operating loss of Rs. 1,638.74 crore in the preceding quarter. Operating profit margin for the current quarter at 3.64%, contracted by 956 bps yoy. However, the company had reported an operating loss in the preceding quarter.
For the year ended March 31, 2016, the company reported standalone net loss of Rs. 913.42crore as compared to net profit of Rs. 1,419.29 crore in the corresponding period of the previous year. Its standalone revenue for the period stood at Rs. 25,628.99 crore, registering decline of 15.25% yoy.
Bharat Heavy Electricals Ltd’s core operating loss stood at Rs. 1,958.45 crore as compared to the operating profit of Rs. 2,485.06 crore in the corresponding period of previous year.
Result Highlights: (Rs. in crore)
|Reported Results||IIFL Estimates||Variance (%)|
|Standalone Net Profit||359.58||393||[8.50]|
Bloomberg estimated the company’s standalone net profit at Rs. 343.88 crore.
Bharat Heavy Electricals Ltd ended at Rs. 128.2, down by 0.25 points or 0.19% from its previous closing of Rs. 128.45 on the BSE.
The scrip opened at Rs. 129 and touched a high and low of Rs. 131.95 and Rs. 126.65 respectively. A total of 11850956(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 31439.42 crore.
The BSE group 'A' stock of face value Rs. 2 touched a 52 week high of Rs. 289.85 on 21-Jul-2015 and a 52 week low of Rs. 90.4 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs. 129 and Rs. 115.75 respectively.
The promoters holding in the company stood at 63.06 % while Institutions and Non-Institutions held 32.34 % and 4.6 % respectively.
The stock traded below its 200 DMA.