BHARAT HEAVY ELECTRICALS LTD
RESULTS
FOR Q2 FY 2012
QTR
ENDING SEPT, 2011
BHEL has performed well in the second
quarter ending Sept, 2011.
Net Sales
in Q2 FY 12 comes to Rs.10298.56 cr – against Rs.7125.68 cr in Q1 FY 12 , an
increase of 44.53% - and against Rs.8328.41
Cr in Q2 FY 11, an increase of 23.66%.
Raw Materials consumption comes to Rs.6565.82 cr in Q2 FY 12 – against Rs.4580.56
Cr in Q1 FY 12, an increase of 43.34% - and against Rs.5357.21 cr in Q2 FY 11,
an increase of 22.56%.
Other Expenditure
comes to Rs.1119.20 cr in Q2 FY 12 –
against Rs.707.31 cr in Q1 FY 12, an increase of 58.23% - and against Rs.630.11
cr in Q2 FY 11, an increase of 77.62%
Total Expenditure
comes to Rs.8775.12 cr in Q2 FY 12 –
against Rs.6329.14 cr in Q1 FY 12, an increase of 38.65% - and against Rs.6992.36
cr in Q2 FY 11, an increase of 25.5%.
Profit from Operations
has increased to Rs.1770.39 cr in Q2 FY
12 – against Rs.942.32 cr in Q1 FY 12, an increase of 87.88% - and against Rs.1498.29
cr in Q2 FY 11, an increase of 18.16%.
Profit before tax
has increased to Rs.1980.61 cr in Q2 FY 12 – against Rs.1182.17 cr in Q1 FY 12,
an increase of 67.54% - and against Rs.1654.35 crin Q2 FY 11, an increase of 19.72%
Net Profit
has increased to Rs.1412.03 cr in Q2 FY
12 – against Rs.815.51 cr in Q1 FY 12 – an increase of 73.15% - and against Rs.1142.28
cr in Q2 FY11, an increase of 23.62%.
Basic EPS
on a FV of Rs.10 comes to a decent Rs.28.85 in Q2 FY 12, against Rs.16.66 in Q1
FY 12, and against Rs.23.33 in Q2 FY 11.
Thus,
for the first half year, the EPS amounts to Rs.28.85 + Rs.16.66 = Rs. 45.51. Last year, the 2nd half
had a EPS of Rs. 57.16 + 28.67 =85.83. If we assume the same second half EPS as
last year, the annual
EPS for current year should come to around Rs.131. Current MP is Rs.245.40 – with the 52
week high price being Rs.2363 and 52
week low price being Rs.223.35 .But, current FV of each share is revised to Rs.2
from October 2011 onwards by sub dividing the earlier Face value of the share
of Rs.10.
BHEL is always a GOOD BUY for medium to Long term Investment.
ANNOUNCEMENTS TO NSE
14-11-2011
Bharat Heavy Electricals Limited
had informed the Exchange regarding for setting up of "Power Equipment
Fabrication Plant". The Company has now informed the Exchange that In
terms of the in-principle approval given by the Board in its meeting held on
November 14, 2011 the plant will now be set up in Bhandara district,
Maharashtra.
14-11-2011
standalone Results for the quarter
ended on 30-SEP-2011 as follows: Net Sales of Rs. 1029856 lacs for quarter
ending on 30-SEP-2011. Net Profit / (Loss) of Rs. 141203 lacs for the quarter
ending on 30-SEP-2011. -
20-09-2011
Bharat Heavy Electricals Limited
has fixed October 04, 2011 as the Record date for the purpose of Sub-division
of existing equity shares of face value of Rs. 10/- each into 5 equity shares
of face value of Rs. 2/- each.
26-07-2011
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
The Board at its meeting held on
May 23, 2011, have recommended Final Dividend @ 179% (Rs.17.90 per share) on
the Paid-up share capital of the Company for the year 2010-11.
23-05-2011
standalone Results for the year
ended on 31-MAR-2011 as follows: Net Sales of Rs. 4157880 lacs for year ending
on 31-MAR-2011 against Rs. 3288030 lacs for the year ending on 31-MAR-2010. Net
Profit / (Loss) of Rs. 601120 lacs for the year ending on 31-MAR-2011 against
Rs. 431064 lacs for the year ending on 31-MAR-2010.
23-05-2011
consolidated Results for the year
ended on 31-MAR-2011 as follows: 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 / (Loss) of Rs. 605336 lacs for the year ending on 31-MAR-2011 against
Rs. 432692 lacs for the year ending on 31-MAR-2010.
RESULTS TABLE
|
BHEL
|
30-Sep-11
|
30-Jun-11
|
% DIF
|
31-Mar-11
|
31-Dec-10
|
30-Sep-10
|
% DIF
|
|
Net Sales
|
1029856
|
712568
|
44.53
|
1792143
|
884927
|
832841
|
23.66
|
|
Other Operting Income
|
24695
|
14578
|
69.4
|
45907
|
17405
|
16224
|
52.21
|
|
Increase in SIT / WIP
|
-44785
|
-43059
|
4.01
|
66695
|
-27590
|
-39315
|
13.91
|
|
Raw Materials
|
656582
|
458056
|
43.34
|
829319
|
508569
|
535721
|
22.56
|
|
Employees Cost
|
134914
|
130095
|
3.7
|
145991
|
134866
|
126409
|
6.73
|
|
Depreciation
|
18881
|
17091
|
10.47
|
13844
|
14469
|
13410
|
40.8
|
|
Other Expenditure
|
111920
|
70731
|
58.23
|
366685
|
79317
|
63011
|
77.62
|
|
Total Expenditure
|
877512
|
632914
|
38.65
|
1422534
|
709631
|
699236
|
25.5
|
|
Profit from Operations
|
177039
|
94232
|
87.88
|
415516
|
192701
|
149829
|
18.16
|
|
Other Income
|
21986
|
24865
|
-11.6
|
16343
|
15294
|
16199
|
35.72
|
|
Interest
|
964
|
880
|
9.55
|
3050
|
1447
|
593
|
62.56
|
|
Profit before tax
|
198061
|
118217
|
67.54
|
428809
|
206548
|
165435
|
19.72
|
|
Tax expense
|
56858
|
36666
|
55.07
|
149005
|
66225
|
51207
|
11.04
|
|
Net Profit
|
141203
|
81551
|
73.15
|
279804
|
140323
|
114228
|
23.62
|
|
Face Value (In Rs
|
10
|
10
|
0
|
10
|
10
|
10
|
0
|
|
Paid Up Equity
|
48952
|
48952
|
0
|
48952
|
48952
|
48952
|
0
|
|
Basic EPS
|
28.85
|
16.66
|
73.17
|
57.16
|
28.67
|
23.33
|
23.66
|
|
Public holding (%)
|
32.28
|
32.28
|
0
|
32.28
|
32.28
|
32.28
|
0
|
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