Share in Bharat Heavy Electricals (BHEL) shed more than 6 per cent after the company reported lower-than-expected net profit for the quarter ended September 30.

BHEL reported a decline of 9.7 per cent in net profit to Rs 1,274.4 crore for the second quarter of current fiscal year. In the corresponding period of previous year, the capital goods manufacturer had reported a net profit of Rs 1,412 crore.

The company reported a marginal growth in sales, which jumped just 1 per cent, from Rs 10,300 crore in the second quarter of previous year to Rs 10,400 crore in the same quarter of this year.

Second quarter EBITDA margins jumped slightly from 18.1 per cent to 18.3 per cent over the same period, while the manufacturer's orderbook stood at Rs 1.22 lakh crore at the end of September.

The unexecuted order book as of second quarter of fiscal year 2012-13 stands at Rs 1,223 billion, as compared with Rs 1,329 billion as of first quarter of the same fiscal year, pointing out to a very poor order booking during the three months.

Analysts said order inflow of the company kept on disappointing investors, raising concerns of cancellation of orders during the quarter.

After the announcement of the second quarter results, BHEL shares slipped 6.19 per cent to close at Rs 227.25 on the Bombay Stock Exchange (BSE). The stock touched an intraday low of Rs 226.15 and a high of Rs 245.