303% Rise in 1 Year: Multibagger PSU stock of BHEL in focus after Maharatna reports weak fourth-quarter results

Bharat Heavy Electricals Limited (BHEL) reported operationally weak fourth-quarter results after market hours on Tuesday (May 21, 2024). The company's profit after tax (PAT) saw a decline of 25 per cent to Rs 484 crore in the January-March quarter from Rs 645 crore in the year-ago period. 

However, BHEL's sequential profit soared multi-fold from Rs 46 crore it reported in the December quarter.

The PSU's revenue from operations rose marginally to Rs 8,260 crore in the quarter under review compared to Rs 8,227 crore Year-on-Year (YoY).

BHEL's earnings before interest, tax, depreciation and amortisation (EBITDA) slipped to Rs 892.78 crore in the fourth quarter, as against Rs 1,160.6 crore last year.

BHEL's Board has also recommended a final dividend of @12.50 per cent Rs 0.25 of the face value of Rs. 2/-each). 

After the PSU reported weak fourth-quarter results, its stock will be in focus once the stock market starts trading on Wednesday (May 22, 2024).

BHEL Share Price History

Earlier in the day, the stock of BHEL closed trading higher by 2.95 per cent, or Rs 9.15, at Rs 319.20 each.

The stock has skyrocketed by more than four times, or 303 per cent, as the its closing price on May 22 was Rs 79.30, while its jump in two years has been 525 per cent.    

With the company reporting weak Q4 numbers, it will be interesting to see if its stock continues its rise or fall on Wednesday.