Rs 1,14,336 crore order book: PSU powerhouse boasts 10 per cent revenue jump, achieving stellar PAT of Rs 448 crore!
The President of India owns the majority of the company (63.17 per cent), with the remainder divided among FIIs, DIIs and the general public.
Bharat Heavy Electricals Ltd (BHEL), a prominent PSU company renowned for its expertise in integrated power plant equipment manufacturing, recently disclosed its quarterly and annual financial outcomes for the fiscal year ending on March 31, 2023.
Here are the key highlights:
According to the Quarterly Results, the net increased by 2 per cent to Rs 8,338.81 crore in Q4FY23 over Q4FY22. The company reported a net profit of Rs 611 crore in Q4FY23. The EPS for Q4FY23 stood at Rs 1.75.
According to the annual results, the company recorded revenue from operations of Rs 23,365 crore, up 10 per cent over the previous year. The company achieved a profit before tax (PBT) of Rs 450 crore, and profit after tax (PAT) of Rs 448 crore with continued focus on cost control and prudent resource management. The EPS for FY23 stood at Rs 1.37.
Order book Update: BHEL secured orders worth Rs 23,548 crore (excluding taxes) during 2022-23 in its power, industry and export segments and the company ended the year with a total order book of over Rs 91,336 crore (excluding taxes). Significantly, this outstanding order book currently stands at Rs 1,14,336 crore (excluding taxes) with the finalisation of the prestigious Vande Bharat trainset order in April 2023. The BHEL-TWL (BHEL-Titagarh Wagons Ltd) consortium have been awarded an order valued at about Rs 23,000 Crore (excluding taxes) for 80 Vande Bharat Trains in one of the biggest Railway tenders for manufacturing-cum-maintenance of Vande Bharat Trains.
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On Thursday, shares of BHEL zoomed 0.15 per cent to Rs 81.97 per share with an intraday high of Rs 83.23 and an intraday low of Rs 81.80.
Talking about the financials, BHEL has a market cap of over Rs 28,500 crore. The President of India owns the majority of the company (63.17 per cent), with the remainder divided among FIIs, DIIs, and the general public.
The stock is up by 60 per cent in just 1 year and generated multibagger returns of 194 per cent in 3 years. Investors should keep an eye on this multibagger PSU stock.