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BGR Energy Systems, has reported a 51 per cent increase in net profit for the third quarter ended December 31, 2009 at Rs 41.90 crore as against Rs 27.20 crore, during the same period last year. Company's turn over rose by 34 per cent to Rs 635.14 crore from Rs 472.42 crore. Company's order book size as on December 31, 2009 is around Rs 11,609 crore. B G Raghupathy, chairman and managing director. BGR Energy Systems said that most of these contracts, which will be executed over the next 36 months, are from state-owned power generation companies who have achieved financial closure and the company also arranged working capital requirements to carry on works.

The Hindu Business Line BGR Energy Systems, an engineering procurement and construction (EPC) player in the power sector, has bagged some of its biggest orders in the last two quarters, assuaging concerns about slowing order flow suggested by key macro indicators. If order flow is not a problem, has the company been able to fund its projects given the massive size of the projects and the still tight liquidity scenario? It appears so, given BGR’s recent announcement that it has tied up credit lines for the Rs 3,100-crore Tamil Nadu State Electricity Board project, one of its bigger orders. Healthy growth in revenue and earnings, strong order-book and execution track record differentiate BGR Energy from a good number of mid-cap companies that have succumbed to the pressure of testing macro-economic times. For a sector that caters to the perennially deficit power industry, BGR’s earnings potential too remains unaltered. The sharp de-rating that the stock has undergone, along with some mid...

(Hindu Business Line 15th June 2008) Investors with a three-year perspective can consider investing in the stock of BGR Energy Systems. The recent results posted by the company and the strong growth in order book belie fears of a slow down in the engineering services space. BGR’s well entrenched position as an EPC player in the power segment and a multi-equipment supplier in the oil and gas segment makes it a good proxy for the energy sector. The current market price, at a sharp discount to its offer price of Rs 480, provides an attractive entry point. The stock currently trades at about 13 times its expected per share earnings for FY 2010. BGR has an order backlog of Rs 3,212 crore and secured 46 per cent more orders than the previous year. This order growth inspires confidence at a time when some companies in the engineering sector have reported slowdown in the growth of order intake. Order inflows are key indicators of any slowdown in the sectors serviced by engineering companies. B...