BHEL Q4 profit seen down 57.5% at Rs 783 cr

Bharat Heavy Electricals (BHEL) will announce its fourth quarter earnings (on Tuesday), which are expected to be weak as its provisional numbers already indicated the same. Profit after tax is seen falling 57.5 percent year-on-year to Rs 783 crore during January-March quarter due to slowdown in execution. Net sales may decline 12.9 percent to Rs 12,854 crore in the quarter ended March 2015 against Rs 14,755 crore in the same quarter last year, impacted by lower opening order book and weak execution (due to delay in clearances and payments). more at: http://www.moneycontrol.com/news/result-poll/bhel-q4-profit-seen-down-575-at-rs-783-cr-cnbc-tv18-poll_1391169.html