*key takeaways from BHEL concall Q1FY19*

1. Manpower has come down to 36829 in Q1FY19 from 39044 in Q4FY18. Due to this reduction the company managed to save employee benefit cost compared to Q1FY19 despite of upward wage revision in FY18.

2. Other expense includes a reduction of 128 cr loss due to exchange rate variation. In Q1FY19 this loss was 85 cr v/s 213 cr in Q1FY18.

3. Trade receivables no. of days has come down from 302 days in 2015-16 to 254 in 2017-18 and currently at around 254. The management expects this to hover around 254-260 days.

4. As per MoU, the management expects revenue to reach INR30,000cr (very good basis) or INR32,000cr (excellent basis). This growth is however not at all impressive from the current level if INR28,000 cr level.