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NSE Aug 12, 2022 15:31 PM
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Rapid Results Alerts

Bharat Heavy Electricals announced Q1FY23 Result :

  • Strong aggregate demand from both private and government have boosted economic growth – grew by 8.7% (GDP) in FY22
  • Industrial activity (IIP index) has attained pre-pandemic levels and grew by 11.4% during FY22
  • Core sectors of the economy displayed robust growth in Q1FY23
  • High inflation in industrial input material and market non-readiness to accept higher price – weakening profitability
  • PLI schemes in identified sectors expected to provide the much needed push to capex in the economy
  • Core sectors of economy like cement, steel, refinery etc are expected to firm up their capacity expansion plans
  • Indian Railways going for big-ticket procurement – requirement of semi-high speed trainsets, high HP locomotives for freight
  • Close to double digit fiscal deficits (centre+state), growing CAD and high levels of public debt in high interest rate environment may limit fiscal space.

 

Result PDF

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