BHEL Q2 numbers disappoint; stock drops sharply

PSU heavyweight BHEL disappointed the markets with a weaker than expected net profits for Q2 2012-13 and a lower than expected order inflow.

Net profit for Q2 has come in at Rs 1274.4 crores for the quarter ended September 30, 2012, as compares to Rs 1412 crores for the quarter ended September 30, 2011.

Total Income decreased from Rs 10792.75 crores for the quarter ended September 30, 2011 to Rs. 10692.22 crores for the quarter ended September 30, 2012.

The company had an outstanding order book of Rs 1,22,300 crores as at the end of Q2 2012-13. Markets were not too enthused with the numbers and the stock dropped 3.5% and was trading at Rs 233 at 12.30 pm IST.

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