BHEL Q2 net seen up 22%, weaker execution may drag revenue

Bharat Heavy Electricals ' (BHEL) reported performance is likely to remain constrained, impacted by muted execution in July-September quarter. Profit is seen rising 22.2 percent year-on-year to Rs 152 crore on higher other income but revenue may fall 8 percent to Rs 5,650 crore during the quarter, according to analysts polled by CNBC-TV18. Earnings will be announced on November 6. Decline in revenue may be led by weaker execution due to lower offtake by state electricity boards (SEBs) and leveraged balance sheets of independent power producers (IPPs - 2/3rd of its order book comes from the power segment). ref: http://www.moneycontrol.com/news/result-poll/bhel-q2-net-seen22-weaker-execution-may-drag-revenue_4001421.html