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Bharat Heavy Electricals Ltd (BHEL) shares will be in focus on Wednesday after the state-owned company reported a 123.5% year-on-year (YoY) jump in net profit to Rs 134.7 crore for the quarter ended December 31, 2024, driven by higher revenues.
In the same quarter last year, BHEL posted a net profit of Rs 60.3 crore. Revenue from operations surged 32.
2% YoY to Rs 7,277.1 crore, compared to Rs 5,503.8 crore in the year-ago period.
Also Read: Stocks in news: Bajaj Finance, Maruti, Tata Motors, SBI Card, Suzlon Energy At the operating level, EBITDA rose 40.6% YoY to Rs 304.3 crore, up from Rs 216.
5 crore in Q3 FY24. The EBITDA margin stood at 4.2%, compared to 3.
9% in the corresponding quarter of the previous fiscal. "The financials for the nine months ended December 31, 2023, have been restated in line with the change in accounting policy by the company in FY 2023-24, with respect to factoring in the time value of money while calculating expected credit losses for contract assets. The impact or adjustment for Q3 was a reduction in other expenses by Rs 279.
40 crore and an increase in tax expenses by Rs 70.32 crore," the company said. Stock Trading Maximise Returns by Investing in the Right Companies By - The Economic Times, Get Certified By India's Top Business News Brand View Program Stock Trading Market 104: Options Trading: Kickstart Your F&O Adventure By - Saketh R, Founder- QuickAlpha, Full Time Options Trader View Program Stock Trading Technical Analysis for Everyone - Technical Analysis Course By - Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities View Program Stock Trading Stock Markets Made Easy By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Renko Chart Patterns Made Easy By - Kaushik Akiwatkar, Derivative Trader and Investor View Program Stock Trading Market 101: An Insight into Trendlines and Momentum By - Rohit Srivastava, Founder- Indiacharts.
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The consensus recommendation from 17 analysts is a 'Hold'. Also Read : Biggest stock market crash coming in February: Rich Dad Poor Dad's author Robert Kiyosaki BHEL's Stock Performance On Tuesday, BHEL shares closed at Rs 187.6, down 3.
5% on the BSE, while the benchmark Sensex surged 0.7%. The stock has dropped 40% over the past six months but gained 155% over the last two years.
The company's market capitalization stands at Rs 65,323 crore. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel ).
