BHEL Is Looking Bullish
B.H.E.L reported net profit of Rs 668 Cr Vs Rs 471 Cr, a growth of 42%; Net sales rose 16% to Rs 6,479 Cr from Rs 5,596 Cr .
State-run Bharat Heavy Electrical (B.H.E.L) has announced its results for the quarter ended June 2010. It has reported net profit
of Rs 667.6 Cr as against Rs 470.6 Cr, a growth of 41.86% on year-on-year basis .
Net sales rose 16% to Rs 6,500 Cr from Rs 5,600 Cr.
Numbers were better-than-expectations; Nifty options tip reports net profit at Rs 589 Cr and net sales at Rs 7000 Cr.
Outstanding order book backlog of the company stood at Rs 1,48,000 Cr.
Earning before interest, depreciation, tax and amortization margin improved to 13% versus 10%.
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