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BHEL’s FY2011E provisional results
BHEL announced its provisional results for FY2011. The company reported top line and
bottom line of `43,451cr and `6,021cr, respectively. Numbers were posted in accordance
with the new accounting policy, which was introduced in 3QFY2011. Excluding the
accounting adjustments of `2,456cr, FY2011 revenue grew by 24.7% to `40,995cr, which
was slightly higher than our estimates of `40,234cr. Reported PAT came in at `6,021cr.
We will come out with a detailed report after the company’s results release and conference
call. Currently, we remain Neutral on the stock.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
BHEL’s FY2011E provisional results
BHEL announced its provisional results for FY2011. The company reported top line and
bottom line of `43,451cr and `6,021cr, respectively. Numbers were posted in accordance
with the new accounting policy, which was introduced in 3QFY2011. Excluding the
accounting adjustments of `2,456cr, FY2011 revenue grew by 24.7% to `40,995cr, which
was slightly higher than our estimates of `40,234cr. Reported PAT came in at `6,021cr.
We will come out with a detailed report after the company’s results release and conference
call. Currently, we remain Neutral on the stock.
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