- Bharat Heavy reported a net loss of 2.33 billion rupees in the second quarter, which is significantly higher than the estimated loss of 703.5 million rupees.
- The net loss this quarter contrasts with a profit of 102.9 million rupees during the same period in the previous year.
- Revenue for the quarter was 51.3 billion rupees, marking a decrease of 1.4% compared to the same period last year.
- This revenue figure fell short of estimates, which predicted revenue of 56.75 billion rupees.
- Total costs for the quarter amounted to 57.5 billion rupees, an increase of 2.1% year on year.
- Raw material costs significantly increased by 23% to 15.8 billion rupees year on year.
- Other income for the company was 1.97 billion rupees, a decrease of 12% compared to the same period last year.
- The company’s shares fell by 2.8% to 125.30 rupees on 15.2 million shares traded.
- Among analysts, there are 5 buy ratings, 1 hold rating, and 13 sell ratings for Bharat Heavy’s stock.
A look at Bharat Heavy Electricals Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Bharat Heavy Electricals Limited is a company that manufactures power plant equipment such as gas turbines, generators, thermal sets, and more. According to Smartkarma Smart Scores, the company has a long-term outlook that is looking promising. The company scores a 4 out of 5 on Value, 4 out of 5 on Growth, 4 out of 5 on Resilience, and 5 out of 5 on Momentum.
This indicates that Bharat Heavy Electricals Limited is in a strong position and is likely to continue to perform well in the long-term. The company is well-positioned to take advantage of potential growth opportunities in the future, and its resilience and momentum suggest that it is well-prepared to weather any potential challenges it may face.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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