External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

Bharat Heavy Electricals / Equity Bottom-Up

<p>Bhel's Q4FY21 revenues came in at Rs 7171 crore, up 42% YoY, 61.1% QoQ amid a low base with some execution revival amid headwinds. On the segmental front, power segment revenues grew 50.9% YoY to Rs 4789.3 crore whereas industrial segment revenue grew 38.4% YoY to Rs 1963.4 crore. EBITDA level loss came in at Rs 1264.3 crore (vs. EBITDA loss of Rs 561.7 crore in Q4FY20) YoY owing to lower-than-expected execution and higherthan-expected operating expenses and provisions. Net loss came in at Rs 1032.9 crore (vs.</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Bhel's Q4FY21 revenues came in at Rs 7171 crore, up 42% YoY, 61.1% QoQ amid a low base with some execution revival amid headwinds. On the segmental front, power segment revenues grew 50.9% YoY to Rs 4789.3 crore whereas industrial segment revenue grew 38.4% YoY to Rs 1963.4 crore. EBITDA level loss came in at Rs 1264.3 crore (vs. EBITDA loss of Rs 561.7 crore in Q4FY20) YoY owing to lower-than-expected execution and higherthan-expected operating expenses and provisions. Net loss came in at Rs 1032.9 crore (vs.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bharat Heavy Electricals

Bhel: Execution Rebound Amid Headwinds