Tradersguruji

BHEL slips 18% on lower-than-expected March quarter results Shares of Bharat Heavy Electricals Limited (BHEL) slipped 18 per cent to Rs 62.55 on the BSE in intra-day trade on Monday after the company reported a lower-than-expected set of numbers for the quarter ended March 2021 (Q4FY21). In Q4FY21, BHEL reported a net loss of Rs 1,036 crore as against a loss of Rs 1,532 crore in the year-ago quarter. Revenues grew 42 per cent year-on-year (YoY) at Rs 7,171 crore on a low base, with some impact of execution headwinds and pandemic. EBITDA (earnings before interest, taxes, depreciation, and amortization) level loss came in at Rs 1,264.3 crore as against a loss of Rs 561.7 crore in Q4FY20 owing to lower-than-expected execution and higher-than-expected operating expenses. “Overall, Q4FY21 appears to be muted as operating losses further widened despite some rebound in execution amid a low base. However, recent execution headwinds in power segment due to various issues leading to pro...