X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
BHEL Announces Quarterly Results (3QFY19); Net Profit Up 25.3%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

BHEL Announces Quarterly Results (3QFY19); Net Profit Up 25.3%
Wed, 13 Feb

BHEL has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

BHEL Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m66,26467,79973,3648.2%10.7%
Other incomeRs m1,3751,5172,26549.3%64.7%
TurnoverRs m67,63869,31675,6299.1%11.8%
ExpensesRs m63,30965,39171,1778.8%12.4%
Gross profitRs m2,9542,4082,187-9.2%-26.0%
DepreciationRs m1,8205211,124115.9%-38.2%
InterestRs m610689577-16.2%-5.5%
Profit before taxRs m1,8982,7152,7511.3%44.9%
TaxRs m367863831-3.7%126.8%
Profit after taxRs m1,5321,8521,9203.7%25.3%
Gross profit margin%4.53.63.0
Effective tax rate%19.331.830.2
Net profit margin%2.32.72.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 10.7% on a year-on-year (YoY) basis. The expenses were up by 12.4% YoY during the same period.
  • The company's operating profit declined by 26.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.0% in 3QFY19 as against 4.5% in 3QFY18.
  • Depreciation charges declined by 38.2% and finance costs declined by 5.5% YoY, respectively.
  • Other income increased by 64.7% YoY during the quarter.
  • Net profit for the quarter increased by 25.3% YoY. Net profit margins during the quarter increased from 2.3% in 3QFY18 to 2.5% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 8.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.8% QoQ during the same period.
  • The company's operating profit declined by 9.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.0% in 3QFY19 as against 3.6% in 2QFY18.
  • Net profit for the quarter increased by 3.7% QoQ, while net profit margins declined from 2.7% in 2QFY18 to 2.5% in 3QFY19.

To see how BHEL has performed over the last eight quarters, please visit here.

BHEL Share Price Performance

Over the last one year, BHEL share price has moved up from Rs 97.6 to Rs 61.1, registering a Loss of Rs 36.5 or around 37.4%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,489.9 (down 0.5%). Over the last one year it has moved down from 19,558.3 to 16,489.9, a gain of 3,068 points (down 15.7%).

Overall, the S&P BSE SENSEX is up 5.7% over the year.

Current Valuations

At the current price of Rs 61.1, the price to earnings (P/E) ratio of BHEL stands at 22.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.7 times.

Equitymaster requests your view! Post a comment on "BHEL Announces Quarterly Results (3QFY19); Net Profit Up 25.3%". Click here!

  

Related Views on News

BHEL 2017-18 Annual Report Analysis (Annual Result Update)

Dec 19, 2018 | Updated on Dec 19, 2018

Here's an analysis of the annual report of BHEL for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of BHEL. Also includes updates on the valuation of BHEL.

BHEL Announces Quarterly Results (2QFY19); Net Profit Up 60.4% (Quarterly Result Update)

Nov 9, 2018 | Updated on Nov 9, 2018

For the quarter ended September 2018, BHEL has posted a net profit of Rs 2 bn (up 60.4% YoY). Sales on the other hand came in at Rs 68 bn (up 7.7% YoY). Read on for a complete analysis of BHEL's quarterly results.

BHEL Announces Quarterly Results (1QFY19); Net Profit Up 92.5% (Quarterly Result Update)

Jul 26, 2018 | Updated on Jul 26, 2018

For the quarter ended June 2018, BHEL has posted a net profit of Rs 2 bn (up 92.5% YoY). Sales on the other hand came in at Rs 59 bn (up 3.5% YoY). Read on for a complete analysis of BHEL's quarterly results.

Garden Reach Shipbuilders and Engineers Ltd: Is This PSU Shipbuilder Worth Betting On? (IPO)

Sep 24, 2018

Should you apply for the IPO of Garden Reach Shipbuilders and Engineers Ltd?

BHEL: Margins Dip into the Negative (Quarterly Results Update - Detailed)

Aug 14, 2017

The company also saw order inflows of Rs 18 billion during the quarter, which was a massive 41% YoY lower than the previous year's quarter.

More Views on News

Most Popular

My Top 7 Stocks to Profit from Sensex 100,000(The 5 Minute Wrapup)

May 16, 2019

Tanushree Banerjee explains everything you need to know about the Rebirth of India and Sensex 100,000.

3 Stocks to Bet on to Become a 'Dividend Millionaire'(Profit Hunter)

May 14, 2019

As markets continue to rattle amid earning season, upcoming elections, volatile crude price and US China trade war, it's a great idea to add some stability to your portfolio by adding dividend stocks.

Indian Steel: The Perfect Multibagger Opportunity(Profit Hunter)

May 17, 2019

A structurally strong Indian Steel Industry will help India achieve 8%+ GDP growth in the coming years.

What Makes TVS Srichakra and CCL Products a Cut Above the Rest?(The 5 Minute Wrapup)

May 17, 2019

Despite the commodity nature of their businesses, these two stocks have rewarded shareholders well.

The Bitter Pill that Will Lay the Foundation for Sensex 100,000(The 5 Minute Wrapup)

May 14, 2019

These companies will help the Sensex more than double from current levels.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

BHEL SHARE PRICE


May 24, 2019 (Close)

TRACK BHEL

COMPARE BHEL WITH

MARKET STATS