Bharat Heavy Electricals' Q2 FY 2025-26 Quarterly Results

Result Summary

• Bharat Heavy Electricals Ltd reported a 35.8% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 14.8%.
• Its expenses for the quarter were up by 14.7% QoQ and 9.6% YoY.
• The net profit decreased 182.3% QoQ and increased 253.2% YoY.
• The earnings per share (EPS) of Bharat Heavy Electricals Ltd stood at 1.08 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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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 public sector enterprise in India, primarily engaged in the design, engineering, manufacturing, construction, testing, commissioning, and servicing of a wide range of products and services in various sectors, including power, transmission, industry, transportation, renewable energy, oil & gas, and defense. As a prominent player in the heavy electrical equipment industry, BHEL is involved in the generation of electricity and has played a critical role in setting up power plants in India and abroad. The company is known for its contribution to the development of energy-efficient technologies and its focus on innovation and sustainability. Information on recent major developments for BHEL is not available.

Revenue

In the second quarter of the fiscal year 2026 (Q2FY26), BHEL reported a total income of ₹7686.41 crores, marking a substantial increase from ₹5658.07 crores in the previous quarter (Q1FY26), which represents a quarter-over-quarter (QoQ) growth of 35.8%. Compared to the second quarter of the previous fiscal year (Q2FY25), where the total income stood at ₹6695.37 crores, there was a year-over-year (YoY) increase of 14.8%. This growth in revenue indicates a positive trajectory in BHEL's financial performance over both the quarterly and yearly periods.

Profitability

BHEL's profitability has shown significant improvement in Q2FY26. The company recorded a profit before tax (PBT) of ₹484.87 crores, a substantial turnaround from a loss of ₹621.71 crores in Q1FY26, highlighting a QoQ change of -178.0%. Compared to the profit before tax of ₹124.80 crores in Q2FY25, there is a YoY increase of 288.5%. The profit after tax (PAT) for Q2FY26 was ₹374.89 crores, compared to a loss of ₹455.50 crores in Q1FY26 and a profit of ₹106.15 crores in Q2FY25, reflecting a QoQ change of -182.3% and a YoY increase of 253.2%. This quarter also saw an improvement in earnings per share (EPS), which rose to ₹1.08 from -₹1.31 in Q1FY26 and ₹0.30 in Q2FY25, indicating QoQ and YoY changes of -182.4% and 260.0%, respectively.

Operating Metrics

The total expenses for BHEL in Q2FY26 amounted to ₹7201.54 crores, up from ₹6279.78 crores in Q1FY26, reflecting a QoQ increase of 14.7%. Compared to Q2FY25, where the total expenses were ₹6570.57 crores, there was a YoY increase of 9.6%. The tax expense for Q2FY26 was ₹124.34 crores, compared to a tax credit of -₹152.54 crores in Q1FY26 and ₹35.27 crores in Q2FY25, showing changes of -181.5% QoQ and 252.5% YoY. The reported financial metrics indicate that while the company has managed to increase its income substantially, there has also been a notable increase in expenses over the quarters and the year.