{"id":287311,"date":"2019-08-16T07:15:50","date_gmt":"2019-08-16T07:15:50","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=287311"},"modified":"2019-08-16T07:15:50","modified_gmt":"2019-08-16T07:15:50","slug":"as-bhels-q1-performance-trips-power-outage-may-be-prolonged","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/as-bhels-q1-performance-trips-power-outage-may-be-prolonged\/","title":{"rendered":"As BHEL\u2019s Q1 performance trips, power outage may be prolonged"},"content":{"rendered":"<p>As markets opened on Tuesday after a long weekend, Bharat Heavy Electricals Ltd (BHEL) shares tumbled 10%, hitting a new 52-week low of \u20b951. Investor dismay is not surprising given the company\u2019s deplorable performance in the June quarter.<\/p>\n<p>The power equipment manufacturer reported an operating loss of \u20b9266 crore in April-June, a sharp contrast to \u20b9361 crore profit estimated by 14 brokerages polled by Bloomberg. The loss was more glaring as a 13% year-on-year growth in Ebitda (earnings before interest, tax, depreciation and amortization) during the March quarter had boosted sentiment, as a result of which the stock had risen.<\/p>\n<p>However, by the looks of it, execution woes, especially in its core power sector business, have made a comeback. The power business that contributes nearly 80% to total revenue contracted 25% year-on-year. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>As markets opened on Tuesday after a long weekend, Bharat Heavy Electricals Ltd (BHEL) shares tumbled 10%, hitting a new 52-week low of \u20b951. Investor dismay is not surprising given the company\u2019s deplorable performance in the June quarter. The power equipment manufacturer reported an operating loss of \u20b9266 crore in April-June, a sharp contrast to \u20b9361 crore profit estimated by 14 brokerages polled by Bloomberg. The loss was more glaring as a 13% year-on-year growth in Ebitda (earnings before interest, tax, depreciation and amortization) during the March quarter had boosted sentiment, as a result of which the stock had risen. [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-287311","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/287311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=287311"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/287311\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=287311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=287311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=287311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}