BHEL has declared its third quarter results. The company's Q3 standalone net sales were up 21.3% at Rs 6,022.25 crore versus Rs 4,964.14 crore, YoY. Its standalone net profit was up 21.3% at Rs 790.56 crore versus Rs 771.90 crore, YoY. Its OPM was down 315 bps at 16.95% versus 20.1%.
K Ravi Kumar, CMD, BHEL said the company is targeting 30% sales growth for FY09. He sees profits growing by 11-12% in FY09.
He stated that wage costs are higher as 40% provisions are made towards Pay Commission. He said EBIDTA margins declined due to increase in inventory costs.
ref:
http://www.moneycontrol.com/india/news/results-boardroom/bhel-targets-30-sales-growthfy09/382788
Thursday, January 29, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment