1. Here is why BHEL shares gain over 5% despite net loss of Rs 877 crore in FY16

Here is why BHEL shares gain over 5% despite net loss of Rs 877 crore in FY16

BHEL reported net loss of Rs 877 crore (provisional) in FY2015-16 against net profit of Rs 1,419 crore last year.

By: | New Delhi | Updated: April 7, 2016 4:20 PM
bhel shares, bhel net profit fy16 The company is also confident on the growth momentum in near future. (Photo: Reuters)

Bharat Heavy Electricals Ltd (BHEL) shares gained as much as 5.77 per cent on Thursday after it informed bourses that it has recorded the highest-ever commissioning of projects in its history and the highest order booking in the past five years in 2015-16.

The company is also confident on the growth momentum in near future. The share price of BHEL settled 4.65 per cent up at Rs 119.30.

Order inflows of the India’s largest power equipment manufacturer increased by 41.9 per cent to Rs 43,727 crore in FY16 from Rs 30,814 crore last year.

However, BHEL reported net loss of Rs 877 crore (provisional) in FY2015-16 against net profit of Rs 1,419 crore last year.

Revenue of BHEL slid 13.72 per cent to Rs 26,702 crore compared to Rs 30,947 crore in the previous ended March 2015.

The company ended the year 2015-16 with a total order book of over Rs 1,10,000 crore.

In a BSE filing, BHEL said, “The company is building new capabilities and exploring new business models to take advantage of emerging big-ticket opportunities and is confident of regaining the growth momentum in near future.”

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  1. A
    Ashish
    Apr 7, 2016 at 10:07 am
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    Reply
    1. W
      well wisher
      Apr 7, 2016 at 6:56 pm
      nothing new, As expected. With such foolish HR policy and mismanagement of Higher Up , can't expect better result than this one. thank U
      Reply

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