State-run BHEL has reported a jump of 22% (YoY) in its first quarter FY12 net profit. In the April-June quarter, company's net profit increased to Rs 815 crore against Rs 667.7 crore in same quarter the previous fiscal year.
Net sales were up 10% to Rs 7,190 crore from Rs 6,479.7 crore year-on-year.
CNBC-TV18 poll saw net sales of Rs 7,954.36 crore and net profit of Rs 857.90 crore.
Raw material cost in the first quarter increased 16% to Rs 4,581 crore while employee costs fell 3% to Rs 1301 crore year-on-year.
Depreciation cost jumped quite sharply by 35% (YoY) to Rs 171 crore. Other income went up to Rs 249 crore from Rs 163 crore during the same period.
Segment performance
Revenues from power division rose 7% to Rs 5,780 crore while EBIT was down 11% to Rs 952 crore.
Industry revenues went up 12% to Rs 1,653 crore and EBIT shot up 1.19 times to Rs 373crore.
There was a complete lull in the order inflow during the quarter. Order book at the end of Q1FY12 stood at Rs 1,59,600 crore against Rs 1,64,100 crore at the end of Q4FY12.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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