Bharat Heavy Electricals surged 3.69% to Rs 1562 at 10:34 IST on BSE on reporting 33.1% surge in net profit to Rs 384.41 crore in Q1 June 2008 over Q1 June 2007.
The company announced the results after trading hours on Monday, 21 July 2008.
The stock hit a high of Rs 1575 and a low of Rs 1525 so far during the day. The stock had a 52-week high of Rs 2925 on 7 November 2007 and a 52-week low of Rs 1325.25 on 9 June 2008.
The company has an equity capital of Rs 489.52 crore. Face value per share is Rs 10.
The current price of Rs 1562 discounts its Q1 June 2008 annualised EPS of Rs 31.41, by a PE multiple of 49.73.
Bharat Heavy Electricals (Bhel)’s net sales rose 33.9% to Rs 4329.24 crore in Q1 June 2008 over Q1 June 2007.
Bhel had an outstanding order book of about Rs 95000 crore as on 30 June 2008.
On 11 July 2008, Bhel bagged a contract worth Rs 2175 crore for setting up a 600 megawatt thermal power plant in Tamil Nadu.
On 30 June 2008, the company bagged an order exceeding Rs 2080 crore for a 400-megawatt thermal power project in Syria.
In June 2008, Bhel won a contract worth Rs 3600 crore to set up a combined cycle power plant in New Delhi.
Bhel is engaged in manufacturing and distributing electrical, electronic, and mechanical and nuclear power equipment.
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