BHEL is to come out with Q3FY09 numbers. According to CNBC-TV18 estimates, its profit after tax, PAT is expected to go up by 22% at Rs 944.01 crore versus Rs 771.9 crore in same period of last year.
The company's net sales are seen going up by 28% at Rs 6,348.73 crore versus Rs 4,964.14 crore. EBIDTA is likely to go up 19% at Rs 1,189.75 crore from Rs 997.57 crore.
Factors to watch and developments and order book position
Extremely strong order inflows in third quarter of FY09
The bulk of its order backlog of Rs 950 billion is from government controlled entities in which ROEs are guaranteed and interest costs are passed through.
Strong Balance Sheet with a huge net cash position of Rs75bn at the end of FY08.
However expectations on execution moderate in H2FY09, H1FY09 execution was exceptionally strong due to a few slippages from FY08.
Margins could remain depressed on account of higher wage cost provisioning and benefits of lower input prices accruing with a lag.
Recent rupee appreciation could benefit due to huge amounts of imports
Rs 5.5 billion has been provided during 1HFY09 for wages , Relatively higher provisions expected for H209
Close to signing a JV with UK's Sheffield Forgemasters to manufacture forging equipment for super-critical and nuclear power plants.
Also planning a JV with Toshiba for equipment manufacturing and EPC in transmission sector.
Capacities expected to go up from 10gw to 15gw by Nov’09
source:
http://www.moneycontrol.com/india/news/result-poll/bhel-q3-pat-seen22-at-rs-94401-cr/380125
Tuesday, January 20, 2009
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