Bharat Heavy Electricals Limited
NSE Symbol BHEL
BHEL has announced its Q1 FY 2012 results (STAND ALONE) for the first quarter ending June 2011.
Net Sales at Rs.7125.68 is down by 60.24% from previous quarter of Q4 FY11, while it is up by 9.97% from Q1 FY 11, the corresponding Quarter. On annualized basis Q1 FY 12 x 4 is down by 31.45% compared to FY 11 Non consolidated (FY11NC)and down by 31.92% from FY 11 Consolidated (FY 11 CS).
Total Expenditure at Rs.6329.14 cr – down by 55.51% from previous qtr (Q4 FY11) and Up by 9.83% from corresponding Qtr (Q1 FY 11). On annualized basis, it is down by 25.71 from FY 11 NC; and down by 26.23% from FY 11 CS.
Profit from Operations at Rs. 942.32 cr – is down by 77.32% from Q4 FY 11 but up by 12.43% from Q1 FY 11; On annualized basis – it is down by 55.23% from FY 11 NC; and down by 55.48% from FY 11 CS.
Profit before tax at Rs.1182.17 cr – is down by 72.43% from Q4 FY 11; but up by 18.48% from Q1 FY 11; On annualized basis, it is down by 47.49% from FY 11 NC; and down by 47.84% from FY 11 CS.
Net Profit stands at Rs.815.51 cr – down by 70.85% from Q4 FY 11(Pre-Qtr) but up by a decent 22.15% from Q1 FY 11(Corresponding Qtr. The same, on annualized basis) is down by 45.73% from FY 11 NC; and by 46.11% from FY 11 CS.
BHEL has a Huge Order Book, which is constantly improving further. The Sales and Profits are not strictly comparable with previous qtrs. But, with reference to Q1 FY11, the improvement is reasonable and decent. It is also difficult to estimate its Annual sales and Profits from this figure of q1 FY 12.
However – In Q1 FY 12, sales are up by 9.97% and expenditure is up by 9.83% with reference to Q1 FY 11, so, it appears that the pressure on margins is not very much. BHEL can be expected to maintain its sales and Profits growth during current year as well.
BHEL has in-principle, decided to sub divide its share into a Face value of Rs.2.
It is paying 179% dividend for FY 2011.
CONSOLIDATED RESULTS FOR FY 2011 :
Net Sales of Rs. 4186733 lacs for year ending on 31-MAR-2011 against Rs. 3317334 lacs for the year ending on 31-MAR-2010.
Net Profit of Rs. 605336 lacs for the year ending on 31-MAR-2011 against Rs. 432692 lacs for the year ending on 31-MAR-2010.
STAND ALONE RESULTS FOR FY 2011
Net Sales of Rs. 712568 lacs for quarter ending on 30-JUN-2011 against Rs. 647969 lacs for the quarter ending on 30-JUN-2010.
Net Profit of Rs. 81551 lacs for the quarter ending on 30-JUN-2011 against Rs. 66765 lacs for the quarter ending on 30-JUN-2010.
CORPORATE ANNOUNCEMENTS TO NSE
26-07-2011 Bharat Heavy Electricals Limited standalone Results for the quarter ended on 30-JUN-2011 as follows: Net Sales of Rs. 712568 lacs for quarter ending on 30-JUN-2011 against Rs. 647969 lacs for the quarter ending on 30-JUN-2010. Net Profit / (Loss) of Rs. 81551 lacs for the quarter ending on 30-JUN-2011 against Rs. 66765 lacs for the quarter ending on 30-JUN-2010.
23-05-2011 Bharat Heavy Electricals Board of Directors of the Company has recommended the disinvestment of 5% of the paid up equity capital of BHEL out of Government of India's shareholding, with reservation of 10% of the issue for employees, subject to the approval of the Government of India. The Board has also given "in-principle" approval for sub-division of each equity share (of Face Value of Rs. 10 each) of BHEL into 5 equity shares of the Company (of Face Value Rs. 2 each) subject to all statutory and other requisite approvals.
23-05-2011 Bharat Heavy Electricals Limited has recommended Final Dividend @ 179% (Rs.17.90 per share) on the Paid-up share capital of the Company for the year 2010-11.
RESULTS TABLE
| BHEL | 30-Jun-11 | 31-Mar-11 | 30-Jun-10 | ||
| Net Sales | 712568 | 1792143 | 647969 | 4,157,880.00 | 4,186,733.00 |
| Other Operating Income | 14578 | 45907 | 12135 | 91,671.00 | 91,995.00 |
| Increasein SIT / WIP | -43059 | 66695 | -12525 | -12,735.00 | -12,618.00 |
| Raw Materials | 458056 | 829319 | 393461 | 2,267,070.00 | 2,282,433.00 |
| Employees Cost | 130095 | 145991 | 133775 | 541,041.00 | 546,630.00 |
| Depreciation | 17091 | 13844 | 12689 | 54,412.00 | 54,637.00 |
| Other Expenditure | 70731 | 366685 | 48891 | 557,904.00 | 560,949.00 |
| Total Expenditure | 632914 | 1422534 | 576291 | 3,407,692.00 | 3,432,031.00 |
| Profit from Operations | 94232 | 415516 | 83813 | 841,859.00 | 846,697.00 |
| Other Income | 24865 | 16343 | 16345 | 64,181.00 | 64,734.00 |
| Interest | 880 | 3050 | 383 | 5,473.00 | 4,863.00 |
| Profit before tax | 118217 | 428809 | 99775 | 900,567.00 | 906,568.00 |
| Tax expense | 36666 | 149005 | 33010 | 299,447.00 | 301,232.00 |
| Net Profit | 81551 | 279804 | 66765 | 601,120.00 | 605,336.00 |
| Dividend (%) | - | 179 | - | - | - |
| Face Value (In Rs | 10 | 10 | 10 | 10 | 10 |
| Paid Up Equity | 48952 | 48952 | 48952 | 48,952.00 | 48,952.00 |
| Basic EPS | 16.66 | 57.16 | 13.64 | 122.8 | 123.66 |
| Public holding (%) | 32.28 | 32.28 | 32.28 | 32.28 | 32.28 |
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