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Informist, Friday, May 16, 2025

 

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--BHEL Jan-Mar net profit INR 5.04 bln vs INR 4.84 bln year ago 
--BHEL Jan-Mar revenue INR 89.93 bln vs INR 82.60 bln year ago 
--BHEL to pay INR 0.50 per share final dividend for FY25 
--BHEL FY25 net profit INR 5.13 bln vs INR 2.60 bln year ago 
--BHEL FY25 revenue INR 283.39 bln vs INR 238.93 bln year ago 
--BHEL Jan-Mar power revenue INR 61.92 bln vs INR 61.68 bln year ago 
--BHEL Jan-Mar industry revenue INR 28.01 bln vs INR 20.92 bln year ago 
 

 

By Shakshi Jain

 

MUMBAI – Bharat Heavy Electricals Ltd. Friday reported single-digit growth in net profit for the March quarter, making it the first time the company has recorded a rise in bottom line for the final quarter of a financial year since 2019. The state-owned company's net profit grew in the low single digit while its revenue recorded high single-digit growth for the reporting quarter. Expenses grew in tandem with the revenue for the period.

 

For the March quarter, the company's bottom line rose just over 4% on year to INR 5.04 billion, within analysts' estimated net profit range of INR 4.6 billion–INR 7.4 billion. Sequentially, the bottom line was up more than 300%.

 

The Maharatna company's top line for the quarter rose almost 9% on year and over 23% sequentially to INR 89.93 billion. It was much below the range of INR 104 billion–INR 120 billion estimated by analysts. The on-year growth in top line was the lowest the capital goods major has seen in four quarters. 

 

BHEL's revenue growth for the March quarter was capped as the revenue of its power segment remained largely unchanged at INR 61.92 billion. The industrial segment's revenue saved face for the company with over 33% on-year rise to INR 28.01 billion.

 

For the quarter under review, BHEL's earnings before interest and tax from the power segment fell 73% to INR 3.08 billion. The fall was buffered by the industry segment EBIT which jumped up 5.2 times to INR 8.77 billion. BHEL's operating margin expanded to 9.25% in the March quarter from 8.81% a year ago.

 

BHEL's total expenses for the quarter rose over 8% on year to INR 84.48 billion. Other expenses grew the highest for Jan-Mar, by 27% to INR 6.69 billion, followed by depreciation and amortisation costs, which surged over 24% to INR 850.20 million. Cost of materials and services, which comprise the largest chunk of the company's expenditure pie, increased 21% on year to INR 69.79 billion. Among other overheads, finance costs and employee benefit expenses rose around 4?ch. Finance costs were INR 2.01 billion and employee expenses were INR 15.39 billion.

 

For the full year, BHEL's revenue nearly doubled on year to INR 5.13 billion. Its revenue from operations rose around 19% to INR 283.39 billion. Total expenses of the company grew 16% to INR 281.18 billion.

 

During FY25, BHEL clocked its highest-ever yearly order booking at INR 925.35 billion, the company said in its investor presentation. The March quarter recorded order booking of INR 445.88 billion to take the company's outstanding order book to INR 1.96 trillion as on Mar. 31.

 

The company announced a final dividend of INR 0.50 per share for FY25. Shares of the company fell 2?ter the earnings were announced. They closed at INR 250.35 on the National Stock Exchange, up almost 2% from the previous close.   End

 

Edited by Nishant Maher and Ashish Shirke

 

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