BHEL Ltd Q4FY22 PAT turns around to Rs912.47 crore on sharp fall in other expenses

23 May 2022 , 01:13 PM

Bharat Heavy Electricals reported 12.43% increase in revenues yoy for the Q4FY22 quarter on consolidated basis at Rs8,062 crore. On a sequential basis, revenues were up for the quarter by 56.97%.

Full year FY22 revenues were up 22.5% at Rs21,211 crore. For Q4FY22, revenues from power equipment increased sharply by 23.9% at Rs5,395 crore.

However, revenues from industrial equipment supply fell by -15.2% at Rs1,665 crore. Net cash from operations were higher by 20% on yoy basis. Dividends of Rs0.40 per share was announced.

The consolidated net profit for Q4FY22 turned around from a net loss of Rs-1,035 crore to a net profit of Rs912 crore.

Profits were sharply higher on a sequential basis on a sharp fall in the other expenses component of the income statement. In terms of verticals, both the industrial and power verticals saw a sharp turnaround in EBIT from losses to profits.

Net margins were 11.32% in Q4FY22 quarter compared to -14.43% in Q4FY21. NPM was higher compared to 0.53% in Q3FY22. Operating margins stood at a healthy level of 15.39%.

Financial highlights for Mar-22 compared yoy and sequentially

	BHEL Ltd
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 8,061.68	₹ 7,170.47	12.43%	₹ 5,135.90	56.97%
Net Profit (Rs cr)	₹ 912.47	₹ -1,034.82	N.A.	₹ 27.02	3277.02%
Diluted EPS (Rs)	₹ 2.62	₹ -2.97		₹ 0.08
Net Margins	11.32%	-14.43%		0.53%