All for Joomla All for Webmasters

Bharat Electronics Q4 profit seems to Fumble



Analysts expect working capital requirements to remain high due to the liquidity crunch for small sub-contractors/suppliers and lower advances from customers.

Bharat Electronics’s Q4 profit after tax is foreseen to fumble 11.7pc year-on-year to Rs 586cr, according to reports. Total income is seen declining 8pc to Rs 2,880cr from Rs 3,131cr during the same period due to customer led execution delays. Operating profit may slip 15.4pc year-on-year to Rs 650cr and margin may decline 190 basis points to 22.6pc in Q4FY15, led by lower utilisation rate and lower execution. State-owned aerospace and defence company already reported FY15 flash/provisional results in April, so these numbers are more of implied figures. Company has an order book of Rs 22,100 crore. They fell few big orders like integrated air command and control system (worth Rs 7,000 crore), electronic warefare systems (Rs 6,000 crore), Akash missile (Rs 4,000 crore) may help improve order flow significantly over the next 2 years.

Leave a Reply

Your email address will not be published. Required fields are marked *