Bharat Heavy Electricals' Q1 FY 2025-26 Quarterly Results

Result Summary

• Bharat Heavy Electricals Ltd reported a 32.8% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 1.4%.
• Its expenses for the quarter were down by 19.4% QoQ and up 6.9% YoY.
• The net profit decreased 193.0% QoQ and increased 115.5% YoY.
• The earnings per share (EPS) of Bharat Heavy Electricals Ltd declined at 1.3 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Bharat Heavy Electricals Ltd (BHEL) is a leading company in India primarily involved in the design, engineering, manufacturing, construction, testing, commissioning, and servicing of a wide range of products and services for the core sectors of the economy. These sectors include power, transmission, industry, transportation, renewable energy, oil and gas, and defense. BHEL is recognized for its significant contribution to India's industrial development and energy security. The company has been instrumental in the development of India's infrastructure and energy sectors. However, specific recent developments or changes in business strategy are not available from the provided data.

Revenue

For Q1FY26, Bharat Heavy Electricals Ltd reported total income of ₹5658.07 crores, demonstrating a slight year-over-year increase of 1.4% from ₹5581.78 crores in Q1FY25. However, there was a significant quarter-over-quarter decline of 32.8% from ₹8416.84 crores in Q4FY25. This decline could be attributed to various factors such as seasonal business cycles or project timelines, but no specific reasons are provided in the data. The revenue figures reflect the company's overall performance in generating income over the periods compared.

Profitability

In Q1FY26, Bharat Heavy Electricals Ltd recorded a loss before tax of ₹621.71 crores, compared to a profit before tax of ₹622.73 crores in Q4FY25. This represents a substantial quarter-over-quarter decline of 199.8%. Year-over-year, the loss has widened from ₹293.20 crores in Q1FY25, marking a 112.0% increase in the loss before tax. The profit after tax also followed a similar trend, with a loss of ₹455.50 crores in Q1FY26 compared to a profit of ₹489.62 crores in Q4FY25 and a loss of ₹211.40 crores in Q1FY25. The tax expense for Q1FY26 was negative, indicating a tax benefit, amounting to ₹152.54 crores compared to a tax expense of ₹146.70 crores in Q4FY25 and a tax benefit of ₹67.59 crores in Q1FY25. Earnings per Share (EPS) also decreased, with a negative value of ₹1.30 in Q1FY26 from a positive ₹1.40 in Q4FY25 and negative ₹0.60 in Q1FY25, indicating a year-over-year decrease of 116.7%.

Operating Metrics

Total expenses for Bharat Heavy Electricals Ltd in Q1FY26 amounted to ₹6279.78 crores, which represents a year-over-year increase of 6.9% from ₹5874.98 crores in Q1FY25 and a quarter-over-quarter decrease of 19.4% from ₹7794.11 crores in Q4FY25. The increase year-over-year suggests higher operational costs compared to the same period last year, whereas the quarter-over-quarter decline indicates reduced expenses from the previous quarter. This information provides insight into the company's cost management and operational efficiency during the specified periods. The changes in these metrics reflect the company's operational performance and efficiency in handling its expenditures.