BHEL Q1 profit may fall 24.8% to Rs 350 cr on lower revenue.

BHEL announce its first quarter (April-June) earnings on Tuesday, is expected report subdued performance for yet another quarter. Analysts say BHEL’s performance should remain muted given execution concerns with its private sector order book. According to them, reducing order book, limited movement in slow-moving orders (around 20 percent of order book which include names like Indiabulls, Visa Power, Monnet Ispat, Abhijeet Power, Bajaj Hindusthan), delay in clearance and delay in payments by clients are impacting execution. The topline may continue to decline in Q1 as well due to continuing execution challenges and weak order inflow. Analysts say BHEL delays deliveries to its customers due to rising receivables. more at: http://www.moneycontrol.com/news/result-poll/bhel-q1-profit-may-fall-248-to-rs-350-crlower-revenue_1152288.html