The key highlights of the December quarter result include mounting operational losses, subdued order inflows and elevated receivables. While total receivables fell by ₹1,666 crore, it was at ₹34,805 crore at December-end. Of the total receivables, state players accounted for 47%, the Centre 34%, private players 12%, and exports accounted for the balance, the management said. For a turnaround, analysts said, Bhel’s receivables have to improve meaningfully and this is unlikely to happen in a hurry. Further, even if order inflows improve, BHEL’s execution remains poor.

Source: Mint February 08, 2021 04:52 UTC