BGR Energy Systems Q3 Result 2024: Date and Time, Share Price and Target

News: BGR Energy Systems Limited, headquartered in Chennai, plays a vital role in the utility industry. From product manufacturing to project execution, BGR Energy offers a comprehensive range of services. Let’s delve into the key aspects of this dynamic company.

Origins and Evolution

• Inception: The company’s journey began in 1985 as a joint venture between GEA Energietechnik GmbH, Germany, and the visionary Mr. B. G. Raghupathy. Their mission? To manufacture and sell critical equipment for Thermal and Nuclear Power Plants.
• Expanding Horizons: In 1993, Mr. Raghupathy and his family became the sole shareholders, propelling BGR Energy Systems into new realms. The company diversified its product and service offerings, catering not only to power but also to the Oil & Gas industries.
• Name Change: On June 28, 2007, the company underwent a transformation, rebranding itself from GEA Energy System (India) Limited to BGR Energy Systems Limited.

Business Segments

1. Capital Goods Division:
   • BGR Energy manufactures and sells capital equipment for Power Plants, Petrochemical Industries, and Process Industries.
   • Their offerings include cutting-edge technology for efficient power generation and industrial processes.
2. Construction and Engineering Procurement Construction (EPC) Contracts:
   • BGR Energy executes turnkey projects, handling the entire lifecycle from design to commissioning.
   • Their expertise extends to Balance of Plant (BOP) solutions, ensuring seamless integration with power plants.

1. Date and Time of Announcement

The eagerly awaited BGR Energy Systems’ Q3 results are scheduled to be announced on February 14, 2024. Mark your calendars!

2. Share Price Movement

As of the last update on February 9, 2024, BGR Energy Systems’ share price stands at ₹107.80 on the NSE. It experienced a 3.63% decline from the previous close Keep an eye on the stock as the results unfold.

3. What to Expect

The board meeting agenda for February 14, 2024, revolves around the Quarterly Results. Investors and shareholders are keen to know how the company performed during this period. Will there be positive surprises or challenges?

4. Troublesome Times

BGR Energy Systems has faced a negative Return on Equity (ROE) for three consecutive years. Additionally, the company reported a loss of ₹106.91 crore in the last quarter. These figures highlight the challenges the company is navigating.

5. Employee and Interest Expenses

In the fiscal year ending March 31, 2023, BGR Energy allocated 49.54% of its operating revenues toward interest expenses and 15.89% toward employee costs. Managing these expenses effectively will be crucial moving forward.

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6. Stock Metrics Snapshot

• PE Ratio: -1.65
• EPS (TTM): ₹-65.53
• Market Capitalization: ₹777.90 crore
• Price-to-Book (PB) Ratio: 16.45
• Dividend Yield: 0.00%
• Face Value: ₹10.00
• Beta (1 Year): 1.47

7. Recent News and Announcements

• On January 4, 2024, BGR Energy was in the spotlight along with other stocks like Vedanta, Adani Ports, and IndusInd Bank.
• The company secured a ₹330 crore order from IOC, driving its stock price up by 20% on December 13, 2022.

Recent Developments

• Q3 2024 Results: Investors eagerly await the Q3 results, scheduled for announcement on February 14, 2024. Keep an eye on the stock market!
• Share Price: As of now, BGR Energy Systems’ share price stands at ₹107.80.
• Financial Metrics: The company faced challenges, including negative Return on Equity (ROE) and losses in the previous quarter.
• Recent Orders: BGR Energy secured a significant order worth ₹330 crore from IOC, signaling growth and investor interest

BGR Energy Systems continues to evolve, contributing to India’s energy landscape. Whether it’s powering cities or driving industrial processes, BGR Energy remains at the forefront. Stay informed and watch out for their next move!