Financial performance of BHEL - by raghni4949
It has been extremely rewarding and satisfying for BHEL. The results and the report card shows that while new horizons have been explored, it has not lagged behind in discharging its social responsibility. In 2007-08, BHEL further built on the growth momentum achieved in the year before, completing yet another successful year, which saw the company reiterate its commitment to the country's power development programme and other infrastructure sectors.
FINANCIAL PERFORMANCE
BHEL notched up its highest-ever turnover of Rs. 21,608 Crore, crossing the Rs.20,000 Crore mark for the first time and registering a growth of 15 % over the previous year. Profit Before Tax (PBT) surged 18 % at Rs. 4395 Crore, during the year, moving past the Rs.4,000 Crore mark for the first time.
Net Profit (PAT) rose 17 % at Rs. 2815 Crore against Rs.2,415 Crore in the previous year. An interim equity dividend of 90% on the enhanced equity capital post-bonus was paid for fiscal 2007-08, maintaining the track record of paying dividends uninterruptedly for the last 32 years.
Earnings Per Share (EPS) on the post-bonus equity capital was Rs. 57.5 � an increase of 17 % over that of 2006-07.
Net Asset Value (NAV) per share stood at Rs. 216, post-bonus, reflecting the intrinsic strength of the company.
Economic Value Added (EVA) witnessed a jump 8 % at Rs. 1,795 Crore over that of Rs.1,657 Crore in 2006-07 - commendable performance for an engineering company.
Value Added per employee increased to Rs. 19.10 lakh from Rs.17.05 lakh in 2006-07.
Total export turnover (Physical + Deemed) touched Rs. 4,891 Crore. Physical exports at Rs. 1,132 Crore witnessed a jump of 5 % compared to the previous year.
BHEL's inherent potential coupled with its consistent performance resulted in the company joining an elite group of select companies with a market capitalization of more than Rupees one trillion.