*Bharat Heavy Electricals (BHEL),* the largest engineering and manufacturing enterprise in India, disclosed a marginal rise in standalone net profit for the quarter ended December 2008 but below analysts estimates polled by bloomberg.
During the quarter, the profit of the company rose 2.42% to Rs 7,905.60 million from Rs 7,719 million in the same quarter previous year, and also below analysts estimates of Rs 8,813.50 million. Net sales for the quarter rose 23.87% to Rs 61,488.40 million below analysts estimates of Rs 62,645.50 million, while total income for the quarter rose 21.03% to Rs 63,285.50 million, when compared with the prior year period. The company posted earnings of Rs 16.15 a share during the quarter, registering 2.41% growth over previous year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 61,488.40 49,641.40 23.87 *Net Profit* 7,905.60 7,719 2.42 *Basic EPS* 16.15 15.77 2.41 During the quarter, the operating margin of the company fell by 143.69 basis points to 18.66% compared with the previous year period. Interest cost increased 82.99% to Rs 178.60 million while depreciation cost rose 13.59% to Rs 865.00 million over previous year period. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
