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Tuesday, April 5, 2011
BHARAT HEAVY ELECTRICALS LTD (BHEL) = FY 2011 RESULTS = PROVISIONAL = EXCELLENT RESULTS = A GOOD START FOR RESULTS SEASON
OF REVENUE & PROFIT for FY 2011
BHEL reported a provisional NET PROFIT of Rs 6,021 crore for FY 2011, up 40% from the net profit of Rs 4,311 crore in FY 2010.
The provisional Profit Before Tax has increased from Rs.6591 cr to Rs.9016 – up 37%
Its provisional Turnover is Rs.43,451 cr in FY 2011 which is up by 27% YOY from Rs.3,4154 cr previous year.
Provisional EPS is Rs.123 – a 40% increase on 88.06 in the previous year.
Provisional Net worth has increased from Rs.15,917 cr to Rs.20,119 Cr – up 26%
The Public sector juggernaut can be expected to clock very good rates of growth in the whole of FY 12 as well.
Thus, one of the first Big (even if Provisional) Results for FY 11 is very, very heartening – and has come from the Public sector.