Earnings Central: BHEL rallies, Canara Bank gains and CEAT looks to H2 recovery
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓BHEL shares jumped 4.5% on Wednesday after its net profit more than doubled to ₹810 crore.
- ✓Canara Bank also gained 4% as profits rose 9% to ₹5,175 crore.
- ✓Meanwhile, CEAT saw profits fall nearly 40% to ₹112 crore.
Story at a Glance
- Category
- MARKET
- Reported By
- CNBC TV18
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
The earnings season is in full swing. Wednesday brought a diverse set of results: a PSU heavy engineering giant that beat estimates, a state-run bank delivering solid numbers, a tyre maker squeezed by raw material costs, and Groww reporting its quarterly earnings. There was something for everyone, along with a few surprises.
BHEL: The beat nobody saw coming
If one result stood out today, it was BHEL. Revenue grew 23.8% to ₹9,300 crore, ahead of estimates. Net profit more than doubled to ₹810 crore, beating the poll estimate of ₹654 crore and rising from ₹368 crore a year earlier. EBIT margin also hit its highest level for a September quarter in 13 years. The order book stands at a formidable ₹2.57 lakh crore.
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