BHEL Q1 PAT may dip 43% at Rs 528 cr: Motilal Oswal

Motilal Oswal has come out with its first quarter (April-June) earnings estimates for the capital goods sector. The brokerage house expects Bharat Heavy Electricals (BHEL) to report a 83.4 percent degrowth quarter-on-quarter (degrowth of 42.6 percent year-on-year) in net profit at Rs 528.43 crore. Revenues are expected to decrease by 59.9 percent Q-o-Q (down 9.3 percent Y-o-Y) to Rs 7552.2 crore, according to Motilal Oswal. Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 80 percent Q-o-Q (down 22.5 percent Y-o-Y) to Rs 932.2 crore. Motilal Oswal report on Bharat Heavy Electricals We expect the pace of decline in revenues to sharpen sequentially, with depleting order book. We expect 9% YoY revenue decline in 1QFY14. Sharp decline in Industrial orders would also have a negative impact on revenues during the quarter. Execution of projects is also likely to be constrained, particularly in private sector orders. more at: http://www.moneycontrol.com/news/brokerage-results-estimates/bhel-q1-pat-may-dip-43-at-rs-528-cr-motilal-oswal_929619.html