BHEL announces provisional FY14 figures - Angel Broking

BHEL's top-line and bottom-line performances were below our estimates. Top-line declined by 17.5% yoy to Rs. 40,336 compared to our estimate of Rs. 41,082 while net profit declined by 51.7% yoy to Rs. 3,228crcompared to our estimate of Rs. 3,731cr. Provisional order inflow stood at Rs. 28,007cr in FY2014, down 11.5% yoy. We maintain Neutral on the stock.

Source : Equity Bulls

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