Bharat Heavy Electricals' Q4 FY 2025-26 Quarterly Results

Result Summary

• Bharat Heavy Electricals Ltd reported a 44.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Mar (Q4 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 37.3%.
• Its expenses for the quarter were up by 32.4% QoQ and 28.3% YoY.
• The net profit increased 230.6% QoQ and increased 155.8% YoY.
• The earnings per share (EPS) of Bharat Heavy Electricals Ltd stood at 3.71 during Q4 FY 2025-26.

Financial Statments for Q4 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 one of India's largest engineering and manufacturing companies in the public sector, primarily operating in the core sectors of Power, Transmission, Industry, Transportation, Renewable Energy, Oil & Gas, and Defense. BHEL is known for its significant contributions to the manufacturing of power plant equipment, which includes a wide range of products like turbines, boilers, and generators. The company is also involved in providing services related to the construction and maintenance of power plants. Recent developments in the company have focused on diversification into new technology sectors and enhancing the company's presence in renewable energy. Further specific developments within the past quarter are not available from the data provided.

Revenue

In the fourth quarter of the fiscal year 2026, BHEL reported a total income of ₹12,553.50 crores, representing a substantial increase of 44.4% quarter-over-quarter (QoQ) from ₹8,691.85 crores in Q3FY26. This also marks a significant year-over-year (YoY) growth of 37.3% compared to ₹9,142.64 crores in Q4FY25. The growth in total income reflects the company's capacity to generate higher revenue, possibly driven by increased sales or successful expansion into new markets or sectors. The data does not specify exact sources or reasons for the revenue increase.

Profitability

BHEL's profitability saw a marked improvement in Q4FY26, with a profit before tax of ₹1,710.81 crores, which is a 239.7% rise QoQ from ₹503.59 crores in Q3FY26, and a 146.3% increase YoY from ₹694.50 crores in Q4FY25. After accounting for taxes, the profit after tax stood at ₹1,290.47 crores, up by 230.6% QoQ from ₹390.40 crores and 155.8% YoY from ₹504.45 crores. The earnings per share increased accordingly, reaching ₹3.71, a notable rise from ₹1.12 in the previous quarter and ₹1.45 in the same quarter last year. These figures indicate the company's improved cost management and operational efficiency during this period.

Operating Metrics

The total expenses for BHEL in Q4FY26 were ₹10,842.69 crores, which represents a 32.4% increase QoQ from ₹8,188.26 crores in Q3FY26 and a 28.3% increase YoY from ₹8,448.14 crores in Q4FY25. Despite the rise in expenses, the company's profitability improved significantly, as outlined in the previous section. The tax expenses also increased to ₹437.12 crores in Q4FY26, up 237.7% QoQ and 118.6% YoY, reflecting the higher profits and corresponding tax liabilities. The financial data does not provide further details on other operating metrics such as debt-to-equity ratio or current ratio, nor does it include information on cash flows or specific operational efficiencies.