BHEL has announced its second quarter numbers. Its Q2 net profit declined at Rs 615.77 crore versus Rs 687.66 crore, (YoY).
Its standalone net sales went up at Rs 5,342.63 crore from Rs 3,965.36 crore (YoY).
K Ravi Kumar, CMD of BHEL, said the company profits were down due to the one-time income during Q2 last year. Kumar said the company had booked about Rs 27,000 crore worth of orders, and the total outstanding order book stood at Rs 1.05 lakh currently, 85% of which came from the state and government.
Kumar also added that he doesn’t see any slowdown in or cancellation of orders. Operating margins will be recouped over next two quarters, he said.
read complete interview at :
http://news.moneycontrol.com/india/news/results-boardroom/no-slowdown-orders-seenbhel/19/55/363932
Sunday, November 2, 2008
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