BHEL - Q4FY13 Result Preview - Angel Broking

We expect Bharat Heavy Electricals (BHEL) to post a 4% yoy decline in top-line to Rs. 18,805cr for 4QFY2013 as industrial slowdown continues to delay execution. On the EBITDA front, the company's margin is expected to fall by 480bp yoy to 20.4%. Consequently, we expect PAT to decline by 23.8% yoy to Rs. 2,575cr.

We maintain our Neutral recommendation on the stock as we expect tepid order inflow to continue for next year as well.

Source : Equity Bulls

Keywords