That the Rs 19,365 crore BHEL's March quarter numbers would be less than exciting was known from the provisional results. But the growth in the topline of an anaemic four per cent has been worse than expected: the first nine months had seen sales clocking a growth of 18 per cent.
What's more, the operating profit margin for the quarter came off by 400 basis points to just under 19 per cent, thanks to some higher than expected provisioning for wage hikes