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BHEL’s loss reduced to 1036.32 crore, what is the investment advice of the brokerage after the results

BHEL’s loss narrows to Rs 1036.32 crore in March quarter

According to the results released by Bharat Heavy Electricals Limited (BHEL) for the March quarter of the financial year 2020-21, the net loss of the company has come down to Rs 1036.32 crore in the last quarter of FY21, as compared to the same period a year ago. The net loss of the company was Rs 1532.18 crore in the year.

BHEL’s revenue has grown tremendously in Q4 of FY21. BHEL’s total income increased to Rs 7245.16 crore in the last quarter of the financial year 2020-21 from only Rs 5166.64 crore in the same quarter a year ago.

BHEL’s consolidated net loss increased to Rs 2699.70 crore for the full financial year i.e. FY21, while the company had a loss of only Rs 1468.35 crore in FY20.

At the same time, the company’s revenue has decreased by 20 percent in FY21. The company’s total income in FY20 was Rs 22,027.44 crore which declined to Rs 17,657.11 crore in FY21.

Brokerage on BHEL

CLSA’s opinion on BHEL

CLSA has given sell advice on BHEL and has a target price of Rs 40 for the stock.

GS’s opinion on BHEL

GS has given SELL Advice on BHEL and has a target of Rs 23 for the stock.

Kotak Inst Eqt’s opinion on BHEL

Kotak Inst Eqt has a SELL Advice on BHEL and has a target of Rs 34 for the stock. According to him the 7.5 per cent EBITDA margin is less than the estimate. The company has made a provisioning of 1800 crores for loss and bad debts. The company’s quarterly results have been weak while the company has incurred a loss of Rs 1035 crore. At the same time, the company is not expected to turn profitable in FY22.

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