Stock Market Expert: BHEL Gains 7%, Better Quarter Results Gain

Stock Market Expert says, Heavy Electrical Equipment Manufacturer Company Bharat Heavy Electricals Limited (BHEL) registered a good growth in the share. BHEL's share has come in the first quarter due to better results in the first quarter of the fiscal year 2019. In the June quarter, BHEL's profit increased 93% to Rs 156 crores. With better results, BHEL's share on BSE reached 7% at a price of Rs 78.30, which is the high level of intra-day.

BHEL Q1 profit up 93%, earnings up 6.3%

In the first quarter of FY 2018-19, BHEL's profits increased 92.6% to Rs 155.58 crores. The company's profit in the same period last year was 80.82 crores.
In the first quarter, BHEL's earnings increased 8.12 percent to Rs 5790.08 crore. In the first quarter of the last financial year, the company income was Rs 5354.82 crore.

EBITDA margin up 4.8 percent

On an annual basis, BHEL's EBITDA margin increased from 3.7 per cent to 4.9 per cent in the April-June quarter.

Move on such a stock

On Wednesday, BHEL started with a slight increase. BHEL's share on BSE was 0.82 per cent higher at 73.90 rupees. In the June quarter, the company's profits rose more than doubled, the shares of BHEL rose, so that the stock rose 6.82 per cent to Rs 78.30 in the trading session.

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