BHEL Q1 PAT seen up 42% at Rs 545.93 cr

Its net sales were seen up 24% at Rs 5367.05 crore versus Rs 4329.24 crore.

The company’s EBIDTA is seen up at Rs 627.98 crore versus Rs 373.71 crore.

Its OPM is seen at 11.55% versus 8.6$.

Strong revenue growth backed by higher delivery & robust order backlog of Rs 117500 cr

Q1 order inflows declined 50% at Rs 6800 cr YoY howeverorders from private sector has been strong

Order momentum expected to intensify over next 2 qtrs led by 12th plan ordering

Operating margins are likely to be better as staff provisioning related to sixth pay commission is over and higher capacity utilisation will lower overheads.

The corresponding quarter last year had a provision of Rs116cr for wage hike provisions.

Margin expansion is also likely to be driven by the positive impact of benign commodity prices.

Capacity additions to be watched out for

BHEL capacity to go up from 10GW to 15GW by Q3FY09-entire new capacity in thermal plants

ref:
http://www.moneycontrol.com/india/news/results/bhel-q1-pat-seen-42at-rs-545-93-cr/19/45/407