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BHEL ends FY20 miserably; stock down over 5%

India covid-19 2020
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The company reported a net loss of Rs1,534 crore for the quarter, which is utterly discouraging. Note that for the nine months ended December, Bhel’s net profit was at Rs61 crore.

The March quarter performance dragged Bhel’s net loss for financial year 2020 to Rs1,473 crore.Bhel’s shares traded more than 5% lower in early deals on Monday, a day when the Nifty 50 index fell about 2%.“Bhel reported a negative cash flow from operations less working capital changes in FY20.

This reflects the impact of a large exposure to states hesitant in investing in power assets at present, deterioration in the gross margin profile through the year and covid-19 at the year-end," wrote analysts from Kotak Institutional Equities in a report on 14 June.March.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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Coronation Street newcomer Jacob Roberts supported by Hollyoaks cast as he speaks out on new role
Breaking O'Neill 'sorry for going' to Storey funeral amid pandemic
Coronation Street's Georgia May Foote's supported as she says people 'stare' at her over health condition
Scots couple die days apart from cancer as son pays tribute
How to entertain yourself when you stuck inside due to a pandemic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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