BHEL FY13 prov net profit beats estimates, stock up 2.6%

Bharat Heavy Electricals Limited (BHEL) has beaten street estimates by posting provisional net profit of Rs 6,485 crore in the fiscal ending March 31, 2013. According to CNBC-TV18 estimates, profit after tax was seen down 15 percent at Rs 5,970 crore versus Rs 7,040 crore y-o-y. The company's net sales was seen down 4 percent at Rs 45,277 crore versus Rs 47,228 crore (y-o-y). However, its net sales grew to Rs 50,015 crore in FY13. BHEL has also achieved order inflow guidance for FY13. ref: http://www.moneycontrol.com/news/results/bhel-fy13-prov-net-profit-beats-estimates-stock26_848695.html