Bharat Heavy Electricals will announce its Q2 results on Monday.

What Happened: Brokerages expect BHEL to report revenue growth between 8% and 20%. While one brokerage expects the company to be in the black in the quarter, two brokerages see the company still in losses in Q2.

Prabhudas Lilladher Capital expects BHEL to report a 21% year-on-year growth in revenue to ₹6242.6 crore. The brokerage sees revenue growth on the back of healthy execution in both power and industry segments. The brokerage expects the public sector firm’s net loss to reduce to ₹42.4 crore.

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Antique sees revenue increase by 14.9% to ₹5,890 crore and net loss to come in at ₹67 crore.

On the other hand, Philip Capital sees a 8% revenue growth to ₹5535.5 crore. The brokerage sees BHEL turning into black with a net profit of ₹94.5 crore. The brokerage said the sales growth will help the company turn into profit in the quarter. The research firm added that the company is looking to reduce contract assets in the balance sheet.

In the previous year, the company reported a revenue of ₹5,125.3 crore and a net loss of ₹233.40 crore.

BHEL in September won a ₹6,100 crore order from NTPC to engineer, procure, and construct the 1×800 megawatt Sipat Supercritical Thermal Power Project Stage -III, located in Bilaspur, Chhattisgarh.

Price Action: BHEL’s shares were up 0.85% at ₹218.70 on Monday morning.

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