BHEL: Q4 revenues up 32% at Rs17,921.4 cr

Financial highlights
- Revenues in Q4FY11 rose 32.2% to Rs17,921.4 cr y-o-y with an OPM of 23.4%, a y-o-y  increase of 280 bps. 

- PAT stood at Rs2,798 cr, a growth of 46.5% y-o-y.  

- Change in accounting policy during FY11 related to provision for warranties resulted in an  increase in revenue and PBT of Rs2,772.8 cr and Rs695.5 cr respectively which was higher than Rs2,450 cr and Rs410 cr stated during the provisional results. 

- Order inflow during the quarter was down 4.1% y-o-y.  Outstanding order book as of 31st March 2011 stood at Rs1,624 bn providing revenue visibility of  over 3 years.

- Company declared a final dividend of Rs17.9 per share in addition to interim dividend of Rs 13.25 
per share during the year.

Transport Corporation of India

Transport Corporation of India

Delta Corp can give 25-35% return: Tater

Aashish Tater, Head of Research, Fort Share Broking is of the view that Delta Corp can easily give 25-35% return in no time


Tater told CNBC-TV18, "Delta Corp is one trading bet we have been taking on right from Rs 45 levels to 130 levels. We have been selling and buying this particular stock. I was just reading the F&O criteria as prescribed by SEBI and at market cap of Rs 2,000 crore this is one candidate that can be listed into F&O space from next three- six months perspective. I was calculating the quarter sigma for this stock and also calculating into the range. This is a fit that will hit the F&O space. Now my prior experience suggest that whenever these are midcap listing into F&O space which has a trading momentum by its side gives 40-50% return in no time."