BHEL Q2 Results: All-round beat takes PSU stock higher by 4%, margins expand
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓BHEL shares rose over 4% on Wednesday, October 14, after its September quarter results beat analyst expectations.
- ✓The company reported a 23.8% revenue growth, while net profit more than doubled to ₹810 crore.
- ✓Margins expanded to 11% despite rising expenses, helping the stock climb higher for many happy investors today.
Story at a Glance
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- MARKET
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- cnbctv18
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- 2 Minute(s)
- Market Focus
- India Economy
BHEL shares rose over 4% after its September quarter results beat analyst expectations across all parameters, featuring a 23.8% revenue growth, net profit more than doubling to ₹810 crore, and margins expanding despite rising expenses.
State-run Bharat Heavy Electricals Ltd. (BHEL) saw its share price jump over 4% on Wednesday, October 14, after its September quarter results turned out to be a beat on analyst expectations by a wide margin across parameters.
BHEL reported a 23.8% revenue growth figure in the September quarter. The ₹9,300 crore number was higher than the CNBC-TV18 poll of analysts, which stood at ₹9,236 crore.
Net profit for the period stood at ₹810 crore, which is more than 2x higher than the year-ago profit figure of ₹368 crore. The CNBC-TV18 poll had pegged the figure to be 654.4 crore.
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