{"id":357520,"date":"2020-06-16T10:52:19","date_gmt":"2020-06-16T05:22:19","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=357520"},"modified":"2020-06-16T10:52:19","modified_gmt":"2020-06-16T05:22:19","slug":"bhel-closes-fy20-on-a-miserable-note-fy21-does-not-look-promising-either","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bhel-closes-fy20-on-a-miserable-note-fy21-does-not-look-promising-either\/","title":{"rendered":"Bhel closes FY20 on a miserable note; FY21 does not look promising either"},"content":{"rendered":"<p>It\u2019s not as if investor optimism was running high on Bharat Heavy Electricals Ltd\u2019s (Bhel) stock prior to the March quarter results. The shares had already declined by a third from their year-to-date highs in January. High receivables and execution challenges were key concerns surrounding the state-owned capital goods company.<\/p>\n<p>On Monday, the stock lost another 7% following Bhel\u2019s utterly discouraging numbers announced on Saturday. The standalone reported net loss for the quarter was at \u20b91,534 crore. This weighed on its 2019-20 performance, with Bhel reporting a net loss of \u20b91,473 crore.<\/p>\n<p>Of course, the March quarter performance shows covid-19\u2019s impact with Bhel\u2019s revenue halving to \u20b95,049 crore, lower than estimates. Covid-19 led to around \u20b94,000 crore estimated revenue loss. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s not as if investor optimism was running high on Bharat Heavy Electricals Ltd\u2019s (Bhel) stock prior to the March quarter results. The shares had already declined by a third from their year-to-date highs in January. High receivables and execution challenges were key concerns surrounding the state-owned capital goods company. On Monday, the stock lost another 7% following Bhel\u2019s utterly discouraging numbers announced on Saturday. The standalone reported net loss for the quarter was at \u20b91,534 crore. This weighed on its 2019-20 performance, with Bhel reporting a net loss of \u20b91,473 crore. Of course, the March quarter performance shows covid-19\u2019s [&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-357520","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\/357520","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=357520"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/357520\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=357520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=357520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=357520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}